Salient International Real Estate Fund Institutional Class (KIRYX)

14.39
Net Asset Value
+0.70%
1 Day
-1.98%
Year-to-Date
Overall Morningstar Rating
Global real estate
Style or Category
No Load
Sales Expenses
1.92%
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+2.19% 3 years+4.00%
3 months-0.17% 5 years+3.22%
1 year+16.83% Since inception+3.16%
Data through --

Peer Comparisonvs. Global real estate

 KIRYXCategory
Performance 5-yr return+3.22%+4.54%
Expense ratio1.92%1.32%
Risk 5 year sharpe ratio0.230.40
Net assets$20.4M$697.0M
Average market cap$5.1B$5.3B
Average P/E9.112.4
Portfolio turnover41%41%

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Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureJoel Beam / 11 Years
Minimal initial investment$100,000.00
Minimum IRA investment--

Holdings

International stock94.91%
U.S. stock3.32%
Cash1.77%
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
-- 3.81%
-- 3.69%
-- 3.60%
-- 3.47%
-- 3.40%
-- 3.27%
-- 3.15%
-- 3.06%
-- 3.05%
-- 3.04%