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Salient Tactical Muni & Credit Fund Institutional Class (FLSIX)

7.92
Net Asset Value
-0.13%
1 Day
+4.76%
Year-to-Date
Overall Morningstar Rating
Long-short credit
Style or Category
No Load
Sales Expenses
1.42%
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.

Performance

1 month-0.38% 3 years+5.82%
3 months+0.84% 5 years+3.60%
1 year+9.39% Since inception+6.13%
Data through --

Peer Comparisonvs. Long-short credit

 FLSIXCategory
Performance 5-yr return+3.60%+1.55%
Expense ratio1.42%1.73%
Risk 5 year sharpe ratio0.710.48
Net assets$105.8M$453.1M
Average market cap--$5.1B
Average P/E--22.4
Portfolio turnover160%160%

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Fund Management and Purchase Info

Fund familyForward Funds
Fund manager & tenureDavid Hammer / 0 Years
Minimal initial investment$100,000.00
Minimum IRA investment--

Holdings

Fixed income100.29%
U.S. stock0.00%
International stock0.00%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 5.72%
-- 4.65%
-- 4.63%
-- 4.19%
-- 4.09%
-- 3.82%
-- 3.31%
-- 3.25%
-- 2.99%
-- 2.71%

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