Salient International Real Estate Fund Class A (KIRAX)

14.71
Net Asset Value
+0.96%
1 Day
-0.20%
Year-to-Date
Overall Morningstar Rating
Global real estate
Style or Category
5.75
Sales Expenses
2.32%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks total return from both capital appreciation and current income. Under normal conditions- the fund invests at least 80% of its net assets plus borrowings for investment purposes- if any- in non-U.S. securities of real estate and real estate-related companies in at least three different countries. It is non-diversified.

Performance

1 month-5.04% 3 years+3.74%
3 months+4.10% 5 years+1.58%
1 year+17.35% Since inception+3.25%
Data through --

Peer Comparisonvs. Global real estate

 KIRAXCategory
Performance 5-yr return+1.58%+6.13%
Expense ratio2.32%1.33%
Risk 5 year sharpe ratio0.260.53
Net assets$22.1M$733.7M
Average market cap$5.3B$5.8B
Average P/E9.913.4
Portfolio turnover80%80%

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Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureJoel Beam / 11 Years
Minimal initial investment$2,500.00
Minimum IRA investment--

Holdings

International stock96.97%
Cash1.61%
U.S. stock1.42%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 95.36%
Consumer service 3.58%
Industrial materials 1.06%
Business service 0.00%
Consumer goods 0.00%
Top 10 Holdings
Portfolio weighting
-- 4.42%
-- 4.37%
-- 4.07%
-- 3.87%
-- 3.82%
-- 3.68%
-- 3.16%
-- 3.15%
-- 3.04%
-- 2.92%