KIFBX: Salient Select Income A

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KIFBX Salient Select Income A


Profile

KIFBX - Profile

Vitals

  • YTD Return 0.2%
  • 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

$21.53
$20.05
$21.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.95%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $4,000

Fund Classification


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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Salient Select Income Fund
  • Fund Family Name
    Salient Funds
  • Inception Date
    Mar 30, 2001
  • Shares Outstanding
    7465239
  • Share Class
    A
  • 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

KIFBX - Performance

Return Ranking - Trailing

Period KIFBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -34.7% 23.6% 3.61%
1 Yr 8.5% -33.5% 23.4% 4.32%
3 Yr -3.6%* -15.4% 9.6% 80.56%
5 Yr -3.6%* -9.9% 6.8% 80.80%
10 Yr 0.4%* -5.6% 6.8% 59.49%

* Annualized

Return Ranking - Calendar

Period KIFBX Return Category Return Low Category Return High Rank in Category (%)
2019 12.3% -8.6% 24.4% 68.32%
2018 -13.8% -15.4% -2.5% 83.56%
2017 -7.0% -7.8% 15.4% 95.77%
2016 6.5% -4.1% 14.2% 28.26%
2015 -12.0% -26.1% 2.5% 78.69%

Total Return Ranking - Trailing

Period KIFBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -34.7% 23.6% 3.61%
1 Yr 8.5% -33.5% 23.4% 4.32%
3 Yr -3.6%* -12.6% 15.0% 81.25%
5 Yr -3.6%* -9.3% 11.9% 86.40%
10 Yr 0.4%* -5.6% 11.7% 67.09%

* Annualized

Total Return Ranking - Calendar

Period KIFBX Return Category Return Low Category Return High Rank in Category (%)
2019 12.3% -8.6% 24.4% 73.91%
2018 -13.8% -15.4% 4.5% 92.47%
2017 -7.0% -1.0% 18.4% 99.30%
2016 6.5% -4.1% 20.1% 33.33%
2015 -12.0% -26.1% 6.2% 90.16%

NAV & Total Return History


Holdings

KIFBX - Holdings

Concentration Analysis

KIFBX Category Low Category High KIFBX % Rank
Net Assets 460 M 196 K 8.78 B 59.76%
Number of Holdings 67 38 355 89.94%
Net Assets in Top 10 142 M -319 M 1.02 B 55.62%
Weighting of Top 10 30.61% 10.4% 90.3% 21.89%

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 KIFBX % Rank
Preferred Stocks
54.78% 0.00% 81.31% 6.51%
Stocks
31.89% -13.86% 47.95% 2.37%
Cash
6.12% -5.59% 29.77% 22.49%
Other
4.40% 0.00% 15.69% 11.24%
Convertible Bonds
2.80% 0.00% 108.22% 92.31%
Bonds
0.00% -14.80% 66.31% 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% 14.27% 14.18%
Utilities
0.00% 0.00% 100.00% 90.78%
Technology
0.00% 0.00% 29.91% 83.69%
Industrials
0.00% 0.00% 51.20% 89.36%
Healthcare
0.00% 0.00% 28.33% 82.27%
Financial Services
0.00% 0.00% 100.00% 92.20%
Energy
0.00% 0.00% 100.00% 80.85%
Communication Services
0.00% 0.00% 11.88% 82.27%
Consumer Defense
0.00% 0.00% 7.29% 77.30%
Basic Materials
0.00% 0.00% 27.69% 82.98%

Stock Geographic Breakdown

Weighting Return Low Return High KIFBX % Rank
US
31.89% -14.01% 43.83% 2.37%
Non US
0.00% -0.08% 5.67% 88.76%

Expenses

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%

Distributions

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 Quarterly Monthly Quarterly

Net Income Ratio Analysis

KIFBX Category Low Category High KIFBX % Rank
Net Income Ratio 2.68% -0.26% 9.30% 50.91%

Capital Gain Distribution Analysis

KIFBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

KIFBX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 35.05 9.14 9.5