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)

7.58
Net Asset Value
0.00%
1 Day
+1.61%
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+0.41% 3 years+4.52%
3 months+2.71% 5 years+1.91%
1 year+2.17% Since inception+5.43%
Data through --

Peer Comparisonvs. Long-short credit

 FLSIXCategory
Performance 5-yr return+1.91%+2.19%
Expense ratio1.42%1.68%
Risk 5 year sharpe ratio0.340.55
Net assets$74.9M$482.2M
Average market cap--$4.1B
Average P/E--23.8
Portfolio turnover276%276%

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

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 income67.50%
Cash32.50%
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
-- 16.73%
-- 6.09%
-- 5.88%
-- 5.48%
-- 5.20%
-- 4.88%
-- 4.31%
-- 4.05%
-- 4.00%
-- 3.11%

Search for Jobs