FSIMX: Salient Select Income Institutional

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FSIMX Salient Select Income Institutional


Profile

FSIMX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return -3.6%
  • 5 Yr Annualized Return -3.6%
  • Net Assets $460 M
  • Holdings in Top 10 30.6%

52 WEEK LOW AND HIGH

$21.48
$20.00
$21.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA $100,000

Fund Classification


Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.14%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Salient Select Income Fund
  • Fund Family Name
    Salient Funds
  • Inception Date
    Apr 28, 2006
  • Shares Outstanding
    10868543
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

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.


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Categories

Performance

FSIMX - Performance

Return Ranking - Trailing

Period FSIMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -30.3% 33.5% 3.01%
1 Yr 8.5% -30.8% 30.4% 3.70%
3 Yr -3.6%* -13.4% 11.7% 81.25%
5 Yr -3.6%* -8.4% 9.9% 81.60%
10 Yr 0.4%* -5.2% 8.9% 60.76%

* Annualized

Return Ranking - Calendar

Period FSIMX Return Category Return Low Category Return High Rank in Category (%)
2019 12.3% -8.6% 24.4% 65.84%
2018 -13.8% -15.4% -2.5% 85.62%
2017 -7.1% -7.8% 15.4% 96.48%
2016 6.5% -4.1% 14.2% 25.36%
2015 -12.1% -26.1% 2.5% 80.33%

Total Return Ranking - Trailing

Period FSIMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -30.3% 33.5% 3.01%
1 Yr 8.5% -30.8% 30.4% 3.70%
3 Yr -3.6%* -10.5% 17.0% 81.94%
5 Yr -3.6%* -5.8% 13.5% 87.20%
10 Yr 0.4%* -5.2% 11.9% 68.35%

* Annualized

Total Return Ranking - Calendar

Period FSIMX Return Category Return Low Category Return High Rank in Category (%)
2019 12.3% -8.6% 24.4% 71.43%
2018 -13.8% -15.4% 4.5% 93.15%
2017 -7.1% -1.0% 18.4% 100.00%
2016 6.5% -4.1% 20.1% 32.61%
2015 -12.1% -26.1% 6.2% 90.98%

NAV & Total Return History


Holdings

FSIMX - Holdings

Concentration Analysis

FSIMX Category Low Category High FSIMX % Rank
Net Assets 460 M 196 K 9.94 B 59.17%
Number of Holdings 67 38 373 88.76%
Net Assets in Top 10 142 M -276 M 1.01 B 55.03%
Weighting of Top 10 30.61% 10.4% 72.4% 21.30%

Top 10 Holdings

  1. Lexington Realty Trust 6.50% Series C Cumulative Convertible Preferred Stoc 3.62%
  2. Farmland Partners Inc Participating Preferred 3.52%
  3. RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A- 3.44%
  4. UMH Properties Inc 6.75 % Cum Conv Red Pfd Registered Shs Series -C- 3.35%
  5. RPT Realty 7.25% Cum Conv Perp Pfd Shs of Benef Interest Series D 3.11%
  6. Chatham Lodging Trust 2.87%
  7. Consolidated Tomoka Land Co 4.5% 2.80%
  8. Istar 2.75%
  9. National Storage Affiliates Trust 6% PRF PERPETUAL USD 25 - Ser A 2.60%
  10. Sabra Health Care REIT Inc 2.53%

Asset Allocation

Weighting Return Low Return High FSIMX % Rank
Preferred Stocks
54.78% 0.00% 77.66% 5.92%
Stocks
31.89% -0.82% 47.79% 1.78%
Cash
6.12% -6.08% 15.79% 21.89%
Other
4.40% 0.00% 15.69% 10.65%
Convertible Bonds
2.80% 0.00% 108.22% 91.72%
Bonds
0.00% -14.80% 70.12% 66.27%

Stock Sector Breakdown

Weighting Return Low Return High FSIMX % Rank
Real Estate
29.17% 0.00% 100.00% 9.93%
Consumer Cyclical
1.59% 0.00% 14.27% 13.48%
Utilities
0.00% 0.00% 100.00% 80.14%
Technology
0.00% 0.00% 32.10% 49.65%
Industrials
0.00% 0.00% 99.90% 76.60%
Healthcare
0.00% 0.00% 33.70% 59.57%
Financial Services
0.00% 0.00% 100.00% 56.03%
Energy
0.00% 0.00% 29.20% 45.39%
Communication Services
0.00% 0.00% 14.18% 45.39%
Consumer Defense
0.00% 0.00% 9.44% 24.11%
Basic Materials
0.00% 0.00% 25.53% 51.06%

Stock Geographic Breakdown

Weighting Return Low Return High FSIMX % Rank
US
31.89% -0.82% 43.86% 1.78%
Non US
0.00% 0.00% 4.05% 53.85%

Expenses

FSIMX - Expenses

Operational Fees

FSIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.60% 0.41% 94.07% 43.29%
Management Fee 1.00% 0.00% 1.42% 88.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.07% 0.01% 0.55% 58.14%

Sales Fees

FSIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FSIMX 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.

FSIMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 5.00% 175.00% 22.16%

Distributions

FSIMX - Distributions

Dividend Yield Analysis

FSIMX Category Low Category High FSIMX % Rank
Dividend Yield 2.65% 0.00% 6.47% 2.37%

Dividend Distribution Analysis

FSIMX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

FSIMX Category Low Category High FSIMX % Rank
Net Income Ratio 3.14% -0.26% 9.30% 47.88%

Capital Gain Distribution Analysis

FSIMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

FSIMX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 35.22 9.51 9.67