Salient Select Income Fund Institutional Class (KIFYX)

Net Asset Value
1 Day
Overall Morningstar Rating
Preferred stock
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks high current income and potential for modest long-term growth of capital. Under normal conditions- the fund invests at least 80% of its net assets plus borrowings for investment purposes- if any- in income-producing securities. It invests primarily in securities of companies in the real estate industry- such as real estate investment trusts ("REITs")- master limited partnerships and other real estate firms.


1 month-0.19% 3 years+1.97%
3 months-6.27% 5 years+4.52%
1 year-4.51% Since inception+5.36%
Data through --

Peer Comparisonvs. Preferred stock

Performance 5-yr return+4.52%+5.24%
Expense ratio1.95%1.22%
Risk 5 year sharpe ratio0.651.01
Net assets$664.4M$1.9B
Average market cap$1.4B$17.7B
Average P/E21.5--
Portfolio turnover45%45%

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Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureJoel Beam / 16 Years
Minimal initial investment$100,000.00
Minimum IRA investment--


U.S. stock21.28%
Fixed income0.88%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Financial service 100.00%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Energy 0.00%
Top 10 Holdings
Portfolio weighting
AHPPRB Ashford Hospitality Prime Inc7.32%
VNQ Vanguard Real Estate Index Fund ETF Shares7.08%
RLJPRA RLJ Lodging Trust3.64%
SBRA Sabra Health Care REIT Inc3.35%
AMHPRC American Homes 4 Rent3.28%
CLNS Colony NorthStar Inc3.26%
EPRPRE EPR Properties3.17%
JCAP Jernigan Capital Inc3.16%
-- 3.12%
-- 3.11%