Salient International Real Estate Fund Institutional Class (KIRYX)

13.97
Net Asset Value
-1.27%
1 Day
-4.84%
Year-to-Date
Overall Morningstar Rating
Global real estate
Style or Category
No Load
Sales Expenses
2.04%
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-1.55% 3 years+3.37%
3 months-1.32% 5 years+3.39%
1 year+8.43% Since inception+3.20%
Data through --

Peer Comparisonvs. Global real estate

 KIRYXCategory
Performance 5-yr return+3.39%+4.54%
Expense ratio2.04%1.31%
Risk 5 year sharpe ratio0.280.47
Net assets$21.7M$741.8M
Average market cap$6.4B$4.9B
Average P/E9.112.3
Portfolio turnover41%41%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureJoel Beam / 12 Years
Minimal initial investment$100,000.00
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%