KIFCX: Salient Select Income Fund - MutualFunds.com
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Salient Select Income C

KIFCX - Snapshot

Vitals

  • YTD Return 8.9%
  • 3 Yr Annualized Return 4.9%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $331 M
  • Holdings in Top 10 34.8%

52 WEEK LOW AND HIGH

$20.81
$16.40
$20.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.37%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 55.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification


Compare KIFCX to Popular U.S. Conservative/Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$2.54

0.00%

$73.23 B

4.59%

$0.12

10.43%

0.61%

$29.67

-0.07%

$65.88 B

2.52%

$0.75

4.73%

0.23%

$11.59

+0.09%

$18.06 B

4.15%

$0.48

3.67%

0.68%

$16.79

0.00%

$15.43 B

2.19%

$0.37

6.33%

0.67%

$11.82

+0.09%

$13.59 B

3.39%

$0.40

6.29%

0.77%

KIFCX - Profile

Distributions

  • YTD Total Return 8.9%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.70%
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
    751310
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Palmer

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.


KIFCX - Performance

Return Ranking - Trailing

Period KIFCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -3.8% 19.5% 8.93%
1 Yr 30.8% -2.8% 54.7% 6.84%
3 Yr 4.9%* 2.4% 24.3% 97.01%
5 Yr 3.6%* 3.6% 21.4% 100.00%
10 Yr 5.5%* 3.1% 9.1% 74.42%

* Annualized

Return Ranking - Calendar

Period KIFCX Return Category Return Low Category Return High Rank in Category (%)
2020 -8.2% -10.6% 40.7% 98.37%
2019 12.3% -9.5% 22.1% 26.58%
2018 -13.9% -21.7% -3.5% 93.03%
2017 -7.3% -7.3% 13.7% 99.77%
2016 6.3% -9.0% 23.3% 10.34%

Total Return Ranking - Trailing

Period KIFCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -3.5% 19.5% 8.93%
1 Yr 29.8% -2.8% 54.7% 5.86%
3 Yr 4.9%* 1.3% 24.3% 94.01%
5 Yr 3.6%* 3.0% 21.4% 99.38%
10 Yr 5.5%* 3.1% 9.1% 70.06%

* Annualized

Total Return Ranking - Calendar

Period KIFCX Return Category Return Low Category Return High Rank in Category (%)
2020 -8.2% -10.6% 40.7% 98.37%
2019 12.3% -9.5% 22.1% 27.00%
2018 -9.5% -21.7% -2.0% 84.53%
2017 0.9% -5.9% 16.6% 99.31%
2016 13.0% -5.0% 23.3% 5.53%

NAV & Total Return History


KIFCX - Holdings

Concentration Analysis

KIFCX Category Low Category High KIFCX % Rank
Net Assets 331 M 50.1 K 73.2 B 67.05%
Number of Holdings 58 2 20365 41.68%
Net Assets in Top 10 116 M -88.7 M 12.3 B 69.79%
Weighting of Top 10 34.83% 10.7% 100.0% 68.44%

Top 10 Holdings

  1. RPT Realty 7.25% Cum Conv Perp Pfd Shs of Benef Interest Series D 3.96%
  2. Lexington Realty Trust 6.50% Series C Cumulative Convertible Preferred Stoc 3.92%
  3. UMH Properties Inc 6.75 % Cum Conv Red Pfd Registered Shs Series -C- 3.87%
  4. Sabra Health Care REIT Inc 3.68%
  5. Farmland Partners Inc Participating Preferred 3.61%
  6. National Storage Affiliates Trust 6% PRF PERPETUAL USD 25 - Ser A 3.60%
  7. RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A- 3.60%
  8. CTO Realty Growth Inc 3.88% 3.48%
  9. iStar Inc 7.65% Series G Cumulative Redeemable Preferred Stock 3.09%
  10. EPR Properties 9.00% Series E cumulative convertible preferred shares liqui 3.08%

Asset Allocation

Weighting Return Low Return High KIFCX % Rank
Preferred Stocks
68.97% 0.00% 68.97% 0.76%
Stocks
23.71% 7.19% 237.56% 97.51%
Cash
4.96% -588.33% 26.99% 54.11%
Convertible Bonds
2.36% 0.00% 54.99% 12.62%
Other
0.00% -6.25% 100.38% 89.87%
Bonds
0.00% 0.00% 350.37% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High KIFCX % Rank
Real Estate
100.00% 0.00% 100.00% 0.76%
Utilities
0.00% 0.00% 100.00% 98.85%
Technology
0.00% 0.00% 38.94% 100.00%
Industrials
0.00% 0.00% 19.91% 100.00%
Healthcare
0.00% 0.00% 23.87% 100.00%
Financial Services
0.00% 0.00% 53.63% 100.00%
Energy
0.00% 0.00% 24.37% 99.62%
Communication Services
0.00% 0.00% 19.21% 100.00%
Consumer Defense
0.00% 0.00% 22.45% 99.43%
Consumer Cyclical
0.00% 0.00% 20.33% 99.81%
Basic Materials
0.00% 0.00% 21.15% 99.81%

Stock Geographic Breakdown

Weighting Return Low Return High KIFCX % Rank
US
23.71% 3.95% 106.72% 80.50%
Non US
0.00% 0.00% 130.84% 99.43%

KIFCX - Expenses

Operational Fees

KIFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.37% 0.01% 7.06% 2.80%
Management Fee 1.00% 0.00% 1.39% 98.11%
12b-1 Fee 0.75% 0.00% 1.00% 77.60%
Administrative Fee N/A 0.01% 0.70% 62.67%

Sales Fees

KIFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 81.94%

Trading Fees

KIFCX 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.

KIFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 2.00% 395.00% 49.29%

KIFCX - Distributions

Dividend Yield Analysis

KIFCX Category Low Category High KIFCX % Rank
Dividend Yield 0.00% 0.00% 4.75% 80.68%

Dividend Distribution Analysis

KIFCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

KIFCX Category Low Category High KIFCX % Rank
Net Income Ratio 1.70% -0.41% 6.42% 68.70%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

KIFCX - Fund Manager Analysis

Managers

John Palmer


Start Date

Tenure

Tenure Rank

May 01, 2021

0.08

0.1%

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
0.01 27.73 6.19 1.41