Salient Select Income Inv
Name
As of 11/18/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-18.5%
1 yr return
-17.9%
3 Yr Avg Return
-6.4%
5 Yr Avg Return
-5.5%
Net Assets
$267 M
Holdings in Top 10
38.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 82.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/18/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FFSLX - Profile
Distributions
- YTD Total Return -18.5%
- 3 Yr Annualized Total Return -6.4%
- 5 Yr Annualized Total Return -3.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.90%
- Dividend Yield 6.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSalient Select Income Fund
-
Fund Family NameSalient Funds
-
Inception DateOct 26, 2011
-
Shares Outstanding524933
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Palmer
Fund Description
FFSLX - Performance
Return Ranking - Trailing
Period | FFSLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -18.5% | -24.0% | -4.1% | 75.90% |
1 Yr | -17.9% | -23.3% | 2.9% | 66.67% |
3 Yr | -6.4%* | -12.8% | 7.4% | 74.03% |
5 Yr | -5.5%* | -8.8% | 6.4% | 87.14% |
10 Yr | -3.2%* | -3.4% | 4.8% | 93.18% |
* Annualized
Return Ranking - Calendar
Period | FFSLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.6% | -3.1% | 23.5% | 12.66% |
2022 | -4.1% | -13.3% | 7.3% | 88.16% |
2021 | 3.9% | 2.1% | 13.7% | 58.90% |
2020 | -3.6% | -4.0% | -0.6% | 82.86% |
2019 | -1.5% | -1.5% | 3.5% | 98.46% |
Total Return Ranking - Trailing
Period | FFSLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -18.5% | -24.0% | -4.1% | 74.70% |
1 Yr | -17.9% | -23.3% | 16.6% | 70.65% |
3 Yr | -6.4%* | -12.8% | 9.3% | 76.47% |
5 Yr | -3.5%* | -7.3% | 6.6% | 64.10% |
10 Yr | 1.7%* | -3.2% | 4.8% | 38.30% |
* Annualized
Total Return Ranking - Calendar
Period | FFSLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.6% | -3.1% | 23.5% | 12.66% |
2022 | -4.1% | -13.3% | 7.3% | 88.16% |
2021 | 3.9% | 2.3% | 13.7% | 67.12% |
2020 | -2.3% | -4.0% | -0.5% | 45.71% |
2019 | 0.3% | 0.2% | 3.8% | 98.46% |
NAV & Total Return History
FFSLX - Holdings
Concentration Analysis
FFSLX | Category Low | Category High | FFSLX % Rank | |
---|---|---|---|---|
Net Assets | 267 M | 12.9 M | 16.4 B | 70.11% |
Number of Holdings | 61 | 32 | 500 | 88.42% |
Net Assets in Top 10 | 104 M | 2.06 K | 2.37 B | 51.58% |
Weighting of Top 10 | 38.29% | 12.4% | 48.5% | 12.63% |
Top 10 Holdings
- RPT Realty 7.25% Cum Conv Perp Pfd Shs of Benef Interest Series D 4.82%
- National Storage Affiliates Trust 6% PRF PERPETUAL USD 25 - Ser A 4.46%
- UMH Properties Inc 6.75 % Cum Conv Red Pfd Registered Shs Series -C- 4.32%
- LXP Industrial Trust 6.50% Series C Cumulative Convertible Preferred Stock 4.25%
- RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A- 4.12%
- iStar Inc 7.65% Series G Cumulative Redeemable Preferred Stock 3.72%
- Sabra Health Care REIT Inc 3.68%
- CTO Realty Growth Inc 3.88% 3.48%
- EPR Properties 9.00% Series E cumulative convertible preferred shares liqui 3.42%
- Saul Centers Inc Depositary Shares each representing 1/100th of a share of 3.37%
Asset Allocation
Weighting | Return Low | Return High | FFSLX % Rank | |
---|---|---|---|---|
Preferred Stocks | 71.78% | 2.27% | 115.85% | 28.42% |
Stocks | 27.96% | -2.67% | 34.04% | 5.26% |
Cash | 0.26% | -27.79% | 5.28% | 68.42% |
Other | 0.00% | -0.16% | 11.21% | 38.95% |
Convertible Bonds | 0.00% | 0.00% | 31.65% | 84.21% |
Bonds | 0.00% | 0.00% | 83.26% | 84.21% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FFSLX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 0.00% | 100.00% | 5.56% |
Utilities | 0.00% | 0.00% | 100.00% | 80.56% |
Technology | 0.00% | 0.00% | 0.00% | 27.78% |
Industrials | 0.00% | 0.00% | 7.56% | 55.56% |
Healthcare | 0.00% | 0.00% | 4.02% | 52.78% |
Financial Services | 0.00% | 0.00% | 100.00% | 41.67% |
Energy | 0.00% | 0.00% | 14.14% | 33.33% |
Communication Services | 0.00% | 0.00% | 1.77% | 33.33% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 27.78% |
Consumer Cyclical | 0.00% | 0.00% | 0.00% | 27.78% |
Basic Materials | 0.00% | 0.00% | 0.00% | 27.78% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FFSLX % Rank | |
---|---|---|---|---|
US | 27.96% | -2.67% | 34.04% | 5.26% |
Non US | 0.00% | 0.00% | 2.17% | 32.63% |
FFSLX - Expenses
Operational Fees
FFSLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.50% | 0.22% | 2.45% | 29.17% |
Management Fee | 1.00% | 0.00% | 1.00% | 94.25% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.11% |
Administrative Fee | N/A | 0.01% | 0.55% | 58.67% |
Sales Fees
FFSLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 2.25% | N/A |
Trading Fees
FFSLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
FFSLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 82.00% | 12.00% | 199.00% | 90.67% |
FFSLX - Distributions
Dividend Yield Analysis
FFSLX | Category Low | Category High | FFSLX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.40% | 0.00% | 10.97% | 32.65% |
Dividend Distribution Analysis
FFSLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FFSLX | Category Low | Category High | FFSLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.90% | 0.88% | 7.54% | 92.68% |
Capital Gain Distribution Analysis
FFSLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 28, 2022 | $0.281 | OrdinaryDividend |
Jun 28, 2022 | $0.243 | OrdinaryDividend |
Mar 28, 2022 | $0.255 | OrdinaryDividend |
Dec 29, 2021 | $0.105 | OrdinaryDividend |
Sep 28, 2021 | $0.103 | OrdinaryDividend |
Jun 28, 2021 | $0.112 | OrdinaryDividend |
Mar 29, 2021 | $0.093 | OrdinaryDividend |
Dec 29, 2020 | $0.124 | OrdinaryDividend |
Sep 25, 2020 | $0.101 | OrdinaryDividend |
Jun 25, 2020 | $0.098 | OrdinaryDividend |
Mar 26, 2020 | $0.107 | OrdinaryDividend |
Dec 26, 2019 | $0.136 | OrdinaryDividend |
Sep 25, 2019 | $0.107 | OrdinaryDividend |
Jun 25, 2019 | $0.282 | OrdinaryDividend |
Mar 26, 2019 | $0.251 | OrdinaryDividend |
Dec 26, 2018 | $0.301 | OrdinaryDividend |
Sep 25, 2018 | $0.311 | OrdinaryDividend |
Jun 26, 2018 | $0.268 | OrdinaryDividend |
Mar 26, 2018 | $0.274 | OrdinaryDividend |
Dec 26, 2017 | $0.294 | OrdinaryDividend |
Sep 26, 2017 | $0.289 | OrdinaryDividend |
Jun 27, 2017 | $0.317 | OrdinaryDividend |
Mar 28, 2017 | $0.244 | OrdinaryDividend |
Dec 27, 2016 | $0.251 | OrdinaryDividend |
Sep 27, 2016 | $0.256 | OrdinaryDividend |
Jun 27, 2016 | $0.323 | OrdinaryDividend |
Mar 28, 2016 | $0.293 | OrdinaryDividend |
Dec 28, 2015 | $0.337 | OrdinaryDividend |
Sep 25, 2015 | $0.330 | OrdinaryDividend |
Jun 25, 2015 | $0.273 | OrdinaryDividend |
Mar 26, 2015 | $0.221 | OrdinaryDividend |
Dec 26, 2014 | $0.338 | OrdinaryDividend |
Dec 08, 2014 | $0.669 | OrdinaryDividend |
Sep 25, 2014 | $0.306 | OrdinaryDividend |
Jun 25, 2014 | $0.297 | OrdinaryDividend |
Mar 26, 2014 | $0.355 | OrdinaryDividend |
Dec 26, 2013 | $0.409 | OrdinaryDividend |
Sep 25, 2013 | $0.376 | OrdinaryDividend |
Jun 25, 2013 | $0.370 | OrdinaryDividend |
Mar 25, 2013 | $0.361 | OrdinaryDividend |
Dec 26, 2012 | $0.440 | OrdinaryDividend |
Sep 25, 2012 | $0.434 | OrdinaryDividend |
Jun 26, 2012 | $0.437 | OrdinaryDividend |
Mar 27, 2012 | $0.447 | OrdinaryDividend |
Dec 29, 2011 | $0.453 | OrdinaryDividend |
FFSLX - Fund Manager Analysis
Managers
John Palmer
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Mr. Palmer leads the real estate team, a group of professionals whose broad experience investing in the real estate sector and relationships with industry executives are critical elements in operating the Fund. As a team leader and Portfolio Manager, Mr. Palmer has ultimate responsibility for all Fund investment decisions. Mr. Palmer has been a member of the Salient real estate team since September 2013 and has acted as sole Portfolio Manager since May 2021.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.91 | 11.42 |