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)

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+0.51% 3 years+3.81%
3 months+2.66% 5 years+3.88%
1 year+10.29% Since inception+6.12%
Data through --

Peer Comparisonvs. Long-short credit

Performance 5-yr return+3.88%+1.55%
Expense ratio1.42%1.68%
Risk 5 year sharpe ratio0.650.30
Net assets$120.2M$475.3M
Average market cap--$5.6B
Average P/E--23.7
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--


Fixed income82.24%
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
-- 4.82%
-- 4.01%
-- 3.97%
-- 3.83%
-- 3.82%
-- 3.47%
-- 3.18%
-- 3.08%
-- 3.02%
-- 2.73%

Partner Offers

Search for Jobs