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Salient Tactical Muni Strategy Fund Institutional Class (FLSIX)

7.82
Net Asset Value
-0.13%
1 Day
+3.44%
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+1.16% 3 years-0.16%
3 months+3.16% 5 years+4.03%
1 year+8.82% Since inception+5.97%
Data through --

Peer Comparisonvs. Long-short credit

 FLSIXCategory
Performance 5-yr return+4.03%--
Expense ratio1.42%1.66%
Risk 5 year sharpe ratio0.720.56
Net assets$138.6M$523.7M
Average market cap----
Average P/E----
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--

Holdings

Fixed income72.79%
Cash27.21%
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
-- 3.87%
-- 3.85%
-- 3.76%
-- 3.20%
-- 3.08%
-- 2.97%
-- 2.93%
-- 2.85%
-- 2.69%
-- 2.63%

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