Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Salient Tactical Muni & Credit Fund Institutional Class (FLSIX)

7.95
Net Asset Value
+0.51%
1 Day
+5.16%
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+0.63% 3 years+6.39%
3 months+2.52% 5 years+4.17%
1 year+10.83% Since inception+6.12%
Data through --

Peer Comparisonvs. Long-short credit

 FLSIXCategory
Performance 5-yr return+4.17%+1.55%
Expense ratio1.42%1.74%
Risk 5 year sharpe ratio0.660.23
Net assets$106.0M$449.7M
Average market cap--$4.6B
Average P/E--26.5
Portfolio turnover160%160%

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

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 income89.36%
Cash10.64%
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
-- 5.07%
-- 4.22%
-- 4.09%
-- 4.08%
-- 3.73%
-- 3.64%
-- 3.36%
-- 2.92%
-- 2.90%
-- 2.64%

Search for Jobs