Salient Global Real Estate Fund
Data updated: 2022-11-17
C000076429 — Salient Global Real Estate Fund. Europe Blend / Core Equity · $20.10M AUM · 1.55% expense ratio. Holdings, fees, performance and SEC filings.
C000076429 Fund Overview
Salient Global Real Estate Fund is a US mutual fund managed by Forward Funds, categorised as Europe Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Forward Funds
- Category: Europe Blend / Core Equity
- Assets under management: $20.10M
- 1-year return: -62.4%
- SEC CIK: 0000889188
- SEC series ID: S000025529
- Share class ID: C000076429
C000076429 Investment Objective and Strategy
Salient Global Real Estate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Forward Funds.
Investment objective
The Fund seeks total return from both capital appreciation and current income.
Principal investment strategy
Under normal conditions, the Fund invests at least 80% of its net assets plus borrowings for investment purposes, if any, in non-U.S. securities of real estate and real estate-related companies in at least three different countries. The Fund may invest in equity securities, debt securities, limited partnership interests, exchange-traded funds (ETFs), American Depositary Receipts and European Depositary Receipts, and its investments may include other securities, such as synthetic instruments and real estate investment trusts (REITs). Synthetic instruments are investments that have economic characteristics similar to the Funds direct investments, and may include rights, warrants, futures, and options. The Fund may invest in issuers located in emerging or frontier markets countries and may invest up to 20% of its assets, as measured at the time of investment, in U.S.
real estate and real estate related companies. The Fund may invest in securities of companies having any capitalization and investment grade debt securities. The Fund may also leverage its portfolio by borrowing money to purchase securities. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund. Forward Management, LLC d/b/a Salient (Salient Management or the Advisor) allocates the Funds assets among securities of countries and in currency denominations that are expected to provide the best opportunities for meeting the Funds investment objective. In analyzing specific companies for possible investment, the Advisor utilizes fundamental real estate analysis and quantitative analysis to select investments for the Fund, including analyzing a companys management and strategic focus, evaluating the location, physical attributes and cash flow generating capacity of a companys properties and calculating relative return potential among other things.
The Fund may write (sell) call options and purchase put options on individual stocks or broad-based stock indices, including ETFs that replicate such indices. The Fund may also enter into put option spreads, which consist of paired purchased and written options with different strike prices on the same stock or index. The Fund generally intends to use option strategies to seek to generate premium income, acquire a security at a specified price, or reduce the Funds exposure to market risk and volatility.
C000076429 Performance
Total returns for C000076429 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -62.4% |
| 3 years (annualised) | -54.2% |
C000076429 Risk Information
Risk metrics for C000076429, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.1%
C000076429 Costs and Fees
C000076429 costs about $155 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.55%
- Gross expense ratio: 2.37%
- Portfolio turnover: 49%
- Brokerage commissions: 11.36 bps of average net assets (SEC N-CEN)
C000076429 Cashflows
Over the 12 months to 2022-09, Salient Global Real Estate Fund had net outflows of $1.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | −$5.78K |
| 2022-08 | −$416.51K |
| 2022-07 | −$287.67K |
| 2022-06 | −$249.50K |
| 2022-05 | $236.22K |
| 2022-04 | −$45.25K |
C000076429 Debt Constituents
No individual debt constituents are reported in Salient Global Real Estate Fund's latest SEC N-PORT filing.
C000076429 Prospectus and SEC Filings
Official Salient Global Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus (485BPOS) — filed 2021-04-30
- Prospectus (485BPOS) — filed 2020-05-20
- Portfolio holdings (N-PORT) — filed 2022-11-17
- Portfolio holdings (N-PORT) — filed 2022-08-25
- Portfolio holdings (N-PORT) — filed 2022-05-25
- Annual census (N-CEN) — filed 2022-03-11
- Annual census (N-CEN) — filed 2021-03-05
Related Funds
Other Europe Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.