• Salient Global Real Estate Fund

Salient Funds

  • Global
  • Real Estate

Salient Global Real Estate Fund

KIRAX

Summary

The fund seeks total return by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in equity securities issued by U.S. and non-U.S. real estate companies, including real estate investment trusts and similar REIT-like entities in at least three different countries.

In selecting securities for the portfolio, the research team evaluates the location, physical attributes and cash flow generating capacity of a company’s More

Price

Last Close

$13.79 ( +0.47 )

52 Week HL

$15.48 - $13.14

Net Assets

$28.8 M

Expense Ratio

1.50 %

Sector Allocation

Mar 31, 2021

Top 10 Holdings

Mar 31, 2021

Company Name

  • CapitaLand, Ltd.
  • Chatham Lodging
  • Capital &
  • Sun Hung
  • Summit Industrial

Holding

  • 4.20
  • 3.77
  • 3.68
  • 3.47
  • 3.09

Company Name

  • Brookfield Property
  • Mitsui Fudosan
  • Great Portland
  • Great Portland
  • AvalonBay Communities,
  • Total

Holding

  • 3.05
  • 3.03
  • 3.02
  • 2.97
  • 2.89
  • 33.17%

Manager

Name

Joel Beam

Leadership

Single Manager

Tenure

2003

Advisor

Documents

Prospectus

Fact Sheet

Q4 2021

Q3 2021

Q2 2021

Annual Reports

Website

Link

Performance

YTD

-13.2 %

3 Year

-9.97%

5 Year

5.76%

Best

36.09%
2009

Worst

-51.56%
2008

Returns +
Quarterly

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Q1 -0.3% 7.4% -31.6% 14.5% 0.4% 3.1% 2.8% 3.7% -2.4% 4.1% -
Q2 -12.2% 5.7% 9.1% -1.8% -0.7% 7% -1.9% 2.7% 4.9% -7.3% -
Q3 - 5.1% 0.3% 3% -0.6% 3.2% 2.1% -10.2% -2% -0.8% -
Q4 - 3% 17.9% 1.7% -8.9% 7.1% -2.2% 0.3% 1% 0.7% -

Returns +
Monthly

J F M A M J J A S O N D
2022 -5.4% -0.5% 5.9% -1.1% -12% - - - - - - -
2021 0.9% 5.3% 1% 3.8% 2.9% -1.1% 2.3% 1.5% 1.1% -0.6% -4.1% 3.5%

+
Annual

    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
    0%29%16%29%-6%19%8%-1%14%29%0%

Alpha

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
KIRAX -13%18%-12%18%-11%21%1%-4%1%-4%-
S&P 500 -29%16%29%-6%19%8%-1%14%29%-
Alpha -13%-11%-27%-10%-4%2%-8%-4%-12%-33%-

KIRAX S&P 500

Chart +