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Salient Select Income Fund Institutional Class (KIFYX)

24.00
Net Asset Value
+0.42%
1 Day
+7.33%
Year-to-Date
Overall Morningstar Rating
Preferred stock
Style or Category
No Load
Sales Expenses
1.71%
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. The fund 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+1.22% 3 years+9.03%
3 months-3.04% 5 years+10.83%
1 year+10.68% Since inception+6.35%
Data through --

Peer Comparisonvs. Preferred stock

 KIFYXCategory
Performance 5-yr return+10.83%+9.13%
Expense ratio1.71%1.31%
Risk 5 year sharpe ratio1.551.73
Net assets$1.1B$1.6B
Average market cap$1.7B--
Average P/E----
Portfolio turnover39%39%

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Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureJoel Beam / 15 Years
Minimal initial investment$100,000.00
Minimum IRA investment--

Holdings

Other51.12%
U.S. stock31.24%
Cash10.77%
Fixed income6.90%
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
IYR iShares U.S. Real Estate ETF8.26%
AHPPRB Ashford Hospitality Prime Inc5.16%
AMH American Homes 4 Rent3.83%
SBRA Sabra Health Care REIT Inc3.76%
CLDT Chatham Lodging Trust3.04%
FSP Franklin Street Properties Corp2.96%
STAG STAG Industrial Inc2.65%
-- 2.64%
FCHPRA Felcor Lodging Trust Inc2.19%
EPRPRE EPR Properties2.04%

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