Salient to launch Risk Parity Fund, MLP and Energy Income Fund

By Toni Weeks

San Diego, March 20 - Salient MF Trust announced in an N-1A filing with the Securities and Exchange Commission that it is preparing to offer two new mutual funds, the Salient Risk Parity Fund and the Salient MLP and Energy Income Fund.

Each fund will launch with class A, class C and class I shares. The ticker symbols have not yet been set.

The Salient Risk Parity Fund will seek long-term capital appreciation by allocating capital across a broad set of asset classes to balance the sources of portfolio risk, as measured by contribution to total volatility. The asset classes include equities, commodities, credit government bonds and momentum, the latter of which represents a trend-following strategy. The fund generally expects to maintain investments in over 50 different underlying risk exposures.

Lee Partridge and Roberto M. Croce will be the portfolio managers.

The Salient MLP and Energy Income Fund will seek to provide capital appreciation and current income as a secondary objective by investing at least 80% of its net assets, plus the amount of borrowings for investment purposes, in securities of Master Limited Partnerships and energy infrastructure companies.

Greg Reid and Ted Gardner will be the portfolio managers.

Class A shares will be subject to a 5.5% maximum front-end sales charge, and class C shares will be assessed a 1% maximum deferred sales charge.

Management fees and annual fund operating expenses have not yet been determined.

Houston-based Salient Advisors, LP, a wholly owned subsidiary of Salient Partners, LP, will serve as the fund's investment adviser.

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