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Salient Tactical Muni & Credit Fund Institutional Class (FLSIX)

7.46
Net Asset Value
0.00%
1 Day
-1.32%
Year-to-Date
Overall Morningstar Rating
Long-short credit
Style or Category
No Load
Sales Expenses
1.42%
Expense Ratio
High
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.

Performance

1 month-4.11% 3 years+4.97%
3 months-5.37% 5 years+2.93%
1 year+1.58% Since inception+5.17%
Data through --

Peer Comparisonvs. Long-short credit

 FLSIXCategory
Performance 5-yr return+2.93%+2.43%
Expense ratio1.42%1.76%
Risk 5 year sharpe ratio0.490.64
Net assets$92.7M$420.5M
Average market cap--$4.1B
Average P/E--21.7
Portfolio turnover160%160%

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Fund Management and Purchase Info

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

Holdings

Fixed income69.93%
Cash30.06%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 15.94%
-- 4.83%
-- 4.82%
-- 4.37%
-- 4.29%
-- 3.99%
-- 3.84%
-- 3.44%
-- 3.42%
-- 3.13%

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