C000076421 Performance — Salient Select Income Fund, Investor Class
Data updated: 2022-11-17
C000076421 returned −13.50% over one year to Sep 2022. The annualised 3-year return is −1.87%. The fund beat its Blend category average: $100 invested three years ago grew to $95, against $73 for the category, and to $86 over one year, against $69. Volatility over the past three years was 21.70% a year. In the 12 months to Sep 2022 the fund lost a net $40.3M, and assets reached $225.57M.
C000076421 Growth of $100
What $100 invested in Salient Select Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Blend category average over the same months.
| Period | C000076421 | Category average |
|---|---|---|
| 1 year (Oct 2021 – Sep 2022) | $86 | $69 |
| 3 years (Oct 2019 – Sep 2022) | $95 | $73 |
| Since data start (Jul 2019 – Sep 2022) | $98 | $73 |
C000076421 Trailing Returns
Total returns to Sep 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −13.50% |
| 3 years (annualised) | −1.87% |
C000076421 Annual Returns
Calendar-year total returns of Salient Select Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 (Jan–Sep) | −15.83% |
| 2021 | +15.05% |
| 2020 | −3.09% |
| 2019 (Jul–Dec) | +4.66% |
C000076421 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | −3.2% | −1.6% | +2.0% | −2.2% | −0.7% | −4.4% | +5.6% | −2.9% | −9.0% | — | — | — |
| 2021 | +0.3% | +1.7% | +2.8% | +2.8% | +0.2% | +1.9% | +1.0% | +1.4% | −0.8% | +1.0% | −2.5% | +4.3% |
| 2020 | −0.4% | −3.8% | −28.7% | +13.7% | +2.4% | +3.1% | +2.2% | +6.1% | −0.2% | −1.3% | +8.3% | +2.1% |
| 2019 | — | — | — | — | — | — | +1.5% | −0.4% | +2.8% | +0.8% | −1.0% | +0.9% |
C000076421 Risk
Risk measures from monthly returns over Oct 2019 – Sep 2022.
- 3-year volatility (annualised): 21.70%
- 3-year Sharpe ratio: -0.29 (vs 4.5% risk-free rate)
- Best month: +13.74% (Apr 2020)
- Worst month: −28.67% (Mar 2020)
C000076421 Fund Flows
Monthly money in and out of Salient Select Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$40.3M
- 12-month gross sales (incl. reinvestments): $65.6M
- Sales ÷ redemptions: 0.62×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2022 | $4.6M | $3.9M | $707K |
| Aug 2022 | $6.3M | $14.4M | −$8.1M |
| Jul 2022 | $4.7M | $3.7M | $1.0M |
| Jun 2022 | $5.4M | $6.0M | −$593K |
| May 2022 | $3.4M | $5.0M | −$1.6M |
| Apr 2022 | $2.6M | $3.0M | −$410K |
| Mar 2022 | $7.4M | $6.4M | $988K |
| Feb 2022 | $4.0M | $6.3M | −$2.2M |
| Jan 2022 | $9.2M | $10.4M | −$1.2M |
| Dec 2021 | $7.1M | $30.7M | −$23.6M |
| Nov 2021 | $9.1M | $11.3M | −$2.2M |
| Oct 2021 | $1.7M | $4.8M | −$3.1M |
C000076421 Assets Under Management
Net assets of Salient Select Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2022-09-30 | $225.57M |
| 2022-06-30 | $251.74M |
| 2022-03-31 | $277.56M |
| 2021-12-31 | $291.73M |
| 2021-09-30 | $316.51M |
| 2021-06-30 | $331.21M |
| 2021-03-31 | $336.73M |
| 2020-12-31 | $324.24M |
| 2020-09-30 | $329.27M |
| 2020-06-30 | $326.88M |
| 2020-03-31 | $292.92M |
| 2019-12-31 | $460.12M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.