Salient Select Income A
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.2%
1 yr return
8.5%
3 Yr Avg Return
-3.6%
5 Yr Avg Return
-3.6%
Net Assets
$460 M
Holdings in Top 10
30.6%
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.95%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 24.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$4,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
KIFBX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return -3.6%
- 5 Yr Annualized Total Return -3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.68%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSalient Select Income Fund
-
Fund Family NameSalient Funds
-
Inception DateMar 30, 2001
-
Shares Outstanding7465239
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
Fund Description
KIFBX - Performance
Return Ranking - Trailing
| Period | KIFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -29.9% | 34.0% | 3.61% |
| 1 Yr | 8.5% | -30.3% | 32.1% | 4.32% |
| 3 Yr | -3.6%* | -13.2% | 11.8% | 80.56% |
| 5 Yr | -3.6%* | -8.3% | 10.1% | 80.80% |
| 10 Yr | 0.4%* | -2.5% | 8.8% | 59.49% |
* Annualized
Return Ranking - Calendar
| Period | KIFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -8.6% | 24.4% | 68.32% |
| 2022 | -13.8% | -15.3% | -2.5% | 83.56% |
| 2021 | -7.0% | -7.8% | 15.4% | 95.77% |
| 2020 | 6.5% | -2.1% | 14.2% | 28.26% |
| 2019 | -12.0% | -17.9% | 2.5% | 78.69% |
Total Return Ranking - Trailing
| Period | KIFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -29.9% | 34.0% | 3.61% |
| 1 Yr | 8.5% | -30.3% | 32.1% | 4.32% |
| 3 Yr | -3.6%* | -10.3% | 17.2% | 81.25% |
| 5 Yr | -3.6%* | -4.3% | 13.7% | 86.40% |
| 10 Yr | 0.4%* | 0.1% | 11.9% | 67.09% |
* Annualized
Total Return Ranking - Calendar
| Period | KIFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -8.6% | 24.4% | 73.91% |
| 2022 | -13.8% | -15.2% | 4.5% | 92.47% |
| 2021 | -7.0% | -1.0% | 18.4% | 99.30% |
| 2020 | 6.5% | -2.1% | 20.1% | 33.33% |
| 2019 | -12.0% | -17.2% | 6.2% | 90.16% |
KIFBX - Holdings
Concentration Analysis
| KIFBX | Category Low | Category High | KIFBX % Rank | |
|---|---|---|---|---|
| Net Assets | 460 M | 196 K | 9.94 B | 59.76% |
| Number of Holdings | 67 | 38 | 373 | 89.94% |
| Net Assets in Top 10 | 142 M | 106 K | 1.01 B | 55.62% |
| Weighting of Top 10 | 30.61% | 11.7% | 72.4% | 21.89% |
Top 10 Holdings
- Lexington Realty Trust 6.50% Series C Cumulative Convertible Preferred Stoc 3.62%
- Farmland Partners Inc Participating Preferred 3.52%
- RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A- 3.44%
- UMH Properties Inc 6.75 % Cum Conv Red Pfd Registered Shs Series -C- 3.35%
- RPT Realty 7.25% Cum Conv Perp Pfd Shs of Benef Interest Series D 3.11%
- Chatham Lodging Trust 2.87%
- Consolidated Tomoka Land Co 4.5% 2.80%
- Istar 2.75%
- National Storage Affiliates Trust 6% PRF PERPETUAL USD 25 - Ser A 2.60%
- Sabra Health Care REIT Inc 2.53%
Asset Allocation
| Weighting | Return Low | Return High | KIFBX % Rank | |
|---|---|---|---|---|
| Preferred Stocks | 54.78% | 0.00% | 73.28% | 6.51% |
| Stocks | 31.89% | -0.82% | 26.36% | 2.37% |
| Cash | 6.12% | 0.00% | 15.79% | 22.49% |
| Other | 4.40% | 0.00% | 13.70% | 11.24% |
| Convertible Bonds | 2.80% | 0.00% | 108.22% | 92.31% |
| Bonds | 0.00% | -14.80% | 70.12% | 92.31% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | KIFBX % Rank | |
|---|---|---|---|---|
| Real Estate | 29.17% | 0.00% | 100.00% | 10.64% |
| Consumer Cyclical | 1.59% | 0.00% | 1.63% | 14.18% |
| Utilities | 0.00% | 0.00% | 100.00% | 90.78% |
| Technology | 0.00% | 0.00% | 32.10% | 83.69% |
| Industrials | 0.00% | 0.00% | 43.93% | 89.36% |
| Healthcare | 0.00% | 0.00% | 33.70% | 82.27% |
| Financial Services | 0.00% | 0.00% | 100.00% | 92.20% |
| Energy | 0.00% | 0.00% | 29.20% | 80.85% |
| Communication Services | 0.00% | 0.00% | 14.18% | 82.27% |
| Consumer Defense | 0.00% | 0.00% | 9.44% | 77.30% |
| Basic Materials | 0.00% | 0.00% | 25.53% | 82.98% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | KIFBX % Rank | |
|---|---|---|---|---|
| US | 31.89% | -0.82% | 26.36% | 2.37% |
| Non US | 0.00% | 0.00% | 2.78% | 88.76% |
KIFBX - Expenses
Operational Fees
| KIFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.95% | 0.41% | 94.07% | 30.49% |
| Management Fee | 1.00% | 0.00% | 1.42% | 95.83% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.00% |
| Administrative Fee | 0.07% | 0.01% | 0.55% | 60.47% |
Sales Fees
| KIFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.00% | 5.75% | 23.33% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| KIFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| KIFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 24.00% | 5.00% | 175.00% | 22.75% |
KIFBX - Distributions
Dividend Yield Analysis
| KIFBX | Category Low | Category High | KIFBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.47% | 79.88% |
Dividend Distribution Analysis
| KIFBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| KIFBX | Category Low | Category High | KIFBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.68% | -0.26% | 8.41% | 50.91% |
Capital Gain Distribution Analysis
| KIFBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |