Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.50% 317.34M 4.82% 55.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-74.23M 23.63% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks high current income and potential for modest long-term growth of capital. 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.
General
Security Type Mutual Fund
Oldest Share Symbol --
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Salient Funds
Prospectus Benchmark Index
ICE BofA Fxd Rate Pref TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
John Palmer 0.42 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 98
-74.23M
-74.23M Category Low
2.198B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
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Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
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As of October 27, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
16.75%
-1.09%
13.66%
1.44%
-8.74%
18.18%
-3.09%
13.11%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.44%
5.63%
-3.79%
8.55%
5.72%
-9.24%
19.71%
-19.17%
18.36%
6.27%
-0.11%
4.47%
4.47%
-0.74%
9.69%
8.58%
-1.03%
5.80%
1.53%
3.83%
4.15%
-0.57%
10.38%
10.30%
-1.15%
18.17%
-2.21%
7.81%
11.93%
-5.95%
20.41%
15.35%
-1.94%
As of October 27, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-27-21) 4.82%
30-Day SEC Yield (10-22-21) Upgrade
7-Day SEC Yield (9-30-16) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 24.52
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2021

Asset Allocation

As of September 30, 2021.
Type % Net % Long % Short
Cash 3.77% Upgrade Upgrade
Stock 27.55% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 68.68% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Lexington Realty Trust 6.50% Series C Cumulative Convertible Preferred Stoc
4.48% -- --
RPT Realty 7.25% Cum Conv Perp Pfd Shs of Benef Interest Series D
4.35% -- --
UMH Properties Inc 6.75 % Cum Conv Red Pfd Registered Shs Series -C-
4.07% -- --
RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A-
3.91% -- --
National Storage Affiliates Trust 6% PRF PERPETUAL USD 25 - Ser A
3.73% -- --
EPR Properties 9.00% Series E cumulative convertible preferred shares liqui
3.38% -- --
iStar Inc 7.65% Series G Cumulative Redeemable Preferred Stock
3.26% -- --
Saul Centers Inc Depositary Shares each representing 1/100th of a share of
3.11% -- --
Farmland Partners Inc Participating Preferred
2.87% -- --
Urstadt Biddle Properties Inc Cum Conv Red Perp Pfd Shs Series -H-
2.86% -- --

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks high current income and potential for modest long-term growth of capital. 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.
General
Security Type Mutual Fund
Oldest Share Symbol --
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Salient Funds
Prospectus Benchmark Index
ICE BofA Fxd Rate Pref TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
John Palmer 0.42 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-27-21) 4.82%
30-Day SEC Yield (10-22-21) Upgrade
7-Day SEC Yield (9-30-16) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 24.52
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2021

Fund Details

Key Dates
Inception Date 10/26/2011
Last Annual Report Date 12/31/2020
Last Prospectus Date 5/1/2021
Share Classes
KIFAX A
KIFCX C
KIFYX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No