Salient International Real Estate Fund Class A (KIRAX)

14.15
Net Asset Value
+0.43%
1 Day
-4.00%
Year-to-Date
Overall Morningstar Rating
Global real estate
Style or Category
5.75
Sales Expenses
2.44%
Expense Ratio
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-1.19% 3 years+3.12%
3 months-0.99% 5 years+3.96%
1 year+10.20% Since inception+2.87%
Data through --

Peer Comparisonvs. Global real estate

 KIRAXCategory
Performance 5-yr return+3.96%+4.54%
Expense ratio2.44%1.31%
Risk 5 year sharpe ratio0.250.47
Net assets$21.7M$741.8M
Average market cap$6.4B$10.0B
Average P/E9.113.1
Portfolio turnover41%41%

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Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureJoel Beam / 12 Years
Minimal initial investment$2,500.00
Minimum IRA investment--

Holdings

International stock90.09%
Cash7.05%
U.S. stock2.85%
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
-- 3.61%
-- 3.43%
-- 3.33%
-- 3.29%
-- 3.27%
-- 3.27%
-- 3.01%
-- 2.98%
-- 2.90%
-- 2.86%