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Salient Tactical Muni Strategy Fund Institutional Class (FLSIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Long-short credit
Style or Category
No Load
Sales Expenses
Expense Ratio
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+1.36% 3 years+2.60%
3 months+3.61% 5 years+3.80%
1 year+10.18% Since inception+6.02%
Data through --

Peer Comparisonvs. Long-short credit

Performance 5-yr return+3.80%--
Expense ratio1.42%1.67%
Risk 5 year sharpe ratio0.690.30
Net assets$127.2M$520.4M
Average market cap--$6.7B
Average P/E--22.3
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--


Fixed income79.75%
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
-- 4.45%
-- 3.70%
-- 3.64%
-- 3.48%
-- 3.46%
-- 3.31%
-- 3.17%
-- 2.94%
-- 2.91%
-- 2.79%

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