Salient Select Income Fund Institutional Class (KIFYX)

20.69
Net Asset Value
+0.34%
1 Day
-6.51%
Year-to-Date
Overall Morningstar Rating
Preferred stock
Style or Category
No Load
Sales Expenses
1.76%
Expense Ratio
High
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.

Performance

1 month+1.62% 3 years+2.30%
3 months+1.35% 5 years+3.84%
1 year-3.12% Since inception+5.32%
Data through --

Peer Comparisonvs. Preferred stock

 KIFYXCategory
Performance 5-yr return+3.84%+4.36%
Expense ratio1.76%1.21%
Risk 5 year sharpe ratio0.560.88
Net assets$599.1M$1.9B
Average market cap$1.0B$19.3B
Average P/E20.118.7
Portfolio turnover45%45%

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Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureJoel Beam / 17 Years
Minimal initial investment$100,000.00
Minimum IRA investment--

Holdings

Other81.75%
U.S. stock17.79%
Cash0.47%
International stock0.00%
Fixed income0.00%
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
BHRPRB Braemar Hotel & Resorts Inc8.21%
-- 3.79%
JCAP Jernigan Capital Inc3.74%
RLJPRA RLJ Lodging Trust3.68%
EPRPRE EPR Properties3.57%
-- 3.55%
STARPRG iStar Inc3.30%
-- 3.19%
SBRA Sabra Health Care REIT Inc3.09%
FPIPRB Farmland Partners Inc2.92%