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Salient Tactical Muni & Credit Fund Institutional Class (FLSIX)

7.59
Net Asset Value
0.00%
1 Day
+1.74%
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+0.13% 3 years+4.67%
3 months+0.98% 5 years+1.92%
1 year+2.27% Since inception+5.36%
Data through --

Peer Comparisonvs. Long-short credit

 FLSIXCategory
Performance 5-yr return+1.92%+2.19%
Expense ratio1.42%1.68%
Risk 5 year sharpe ratio0.350.59
Net assets$77.4M$462.4M
Average market cap--$2.9B
Average P/E--21.5
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 income75.55%
Cash24.45%
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
-- 14.54%
-- 4.71%
-- 4.66%
-- 4.41%
-- 4.27%
-- 4.16%
-- 3.93%
-- 3.45%
-- 3.24%
-- 3.23%

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