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Salient Tactical Muni & Credit Fund Institutional Class (FLSIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Long-short credit
Style or Category
No Load
Sales Expenses
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks to maximize total return (capital appreciation and income). The fund seeks to take advantage of relative value, cross-over trading opportunities and market anomalies and inefficiencies across a wide array of the credit markets. Pacific Investment Management Company LLC ("PIMCO" or the "Sub-Advisor") uses an absolute return-oriented and tax-efficient investment strategy that seeks to identify attractive long and short investment opportunities in the municipal and other credit markets. The fund is non-diversified.


1 month-1.19% 3 years+5.91%
3 months-0.43% 5 years+3.75%
1 year+7.21% Since inception+6.04%
Data through --

Peer Comparisonvs. Long-short credit

Performance 5-yr return+3.75%+2.43%
Expense ratio1.42%1.75%
Risk 5 year sharpe ratio0.640.66
Net assets$101.0M$428.7M
Average market cap--$5.0B
Average P/E--22.2
Portfolio turnover160%160%

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Fund Management and Purchase Info

Fund familyForward Funds
Fund manager & tenureDavid Hammer / 1 Years
Minimal initial investment$100,000.00
Minimum IRA investment--


Fixed income70.12%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 11.75%
-- 4.65%
-- 4.63%
-- 4.23%
-- 4.10%
-- 3.82%
-- 3.67%
-- 3.30%
-- 3.29%
-- 2.99%

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