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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+2.04% 3 years+6.38%
3 months+2.00% 5 years+8.97%
1 year+8.04% Since inception+6.16%
Data through --

Peer Comparisonvs. Preferred stock

Performance 5-yr return+8.97%+6.88%
Expense ratio1.95%1.26%
Risk 5 year sharpe ratio1.311.66
Net assets$978.1M$1.9B
Average market cap$1.3B--
Average P/E23.0--
Portfolio turnover46%46%

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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. stock32.57%
Fixed income4.11%
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 Inc5.51%
IYR iShares U.S. Real Estate ETF4.13%
VNQ Vanguard REIT Index Fund ETF Shares4.09%
CLDT Chatham Lodging Trust3.83%
CLNS Colony NorthStar Inc3.82%
FCHPRA Felcor Lodging Trust Inc2.70%
SBRA Sabra Health Care REIT Inc2.61%
CLNSPRE Colony NorthStar Inc2.60%
AMHPRC American Homes 4 Rent2.42%
EPRPRE EPR Properties2.35%