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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+0.48% 3 years+5.40%
3 months0.00% 5 years+7.56%
1 year+2.79% Since inception+6.08%
Data through --

Peer Comparisonvs. Preferred stock

Performance 5-yr return+7.56%+5.58%
Expense ratio1.95%1.27%
Risk 5 year sharpe ratio1.091.21
Net assets$888.5M$2.1B
Average market cap$2.2B$13.2B
Average P/E25.324.8
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. stock28.89%
Fixed income1.72%
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
VNQ Vanguard REIT Index Fund ETF Shares9.06%
AHPPRB Ashford Hospitality Prime Inc6.25%
CLNS Colony NorthStar Inc3.58%
CLDT Chatham Lodging Trust3.37%
RLJPRA RLJ Lodging Trust3.17%
SBRA Sabra Health Care REIT Inc2.96%
JCAP Jernigan Capital Inc2.93%
AMHPRC American Homes 4 Rent2.63%
EPRPRE EPR Properties2.54%
-- 2.44%