C000079672 Performance — Salient Tactical Growth Fund, Investor Class
Data updated: 2022-11-17
C000079672 returned −5.93% over one year to Sep 2022. The annualised 3-year return is +4.06%. The fund beat its Money Market category average: $100 invested three years ago grew to $113, against $100 for the category, and to $94 over one year, against $86. Volatility over the past three years was 6.47% a year. In the 12 months to Sep 2022 the fund lost a net $14.5M, and assets reached $283.05M.
C000079672 Growth of $100
What $100 invested in Salient Tactical Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Money Market category average over the same months.
| Period | C000079672 | Category average |
|---|---|---|
| 1 year (Oct 2021 – Sep 2022) | $94 | $86 |
| 3 years (Oct 2019 – Sep 2022) | $113 | $100 |
| Since data start (Jul 2019 – Sep 2022) | $112 | $100 |
C000079672 Trailing Returns
Total returns to Sep 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −5.93% |
| 3 years (annualised) | +4.06% |
C000079672 Annual Returns
Calendar-year total returns of Salient Tactical Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 (Jan–Sep) | −8.27% |
| 2021 | +7.65% |
| 2020 | +7.99% |
| 2019 (Jul–Dec) | +4.58% |
C000079672 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 | −2.6% | −0.9% | −0.2% | −2.1% | −0.5% | 0.0% | −0.1% | −1.8% | −0.5% | — | — | — |
| 2021 | −0.3% | +1.5% | +1.9% | +2.5% | −0.1% | +0.5% | +0.5% | +1.1% | −2.5% | +3.0% | −1.2% | +0.7% |
| 2020 | +0.5% | −1.5% | +0.5% | +0.4% | +0.3% | +1.1% | +2.9% | +3.5% | −3.6% | −2.6% | +4.2% | +2.5% |
| 2019 | — | — | — | — | — | — | +1.1% | −1.6% | −0.5% | +0.7% | +2.5% | +2.3% |
C000079672 Risk
Risk measures from monthly returns over Oct 2019 – Sep 2022.
- 3-year volatility (annualised): 6.47%
- 3-year Sharpe ratio: -0.07 (vs 4.5% risk-free rate)
- Best month: +4.15% (Nov 2020)
- Worst month: −3.58% (Sep 2020)
C000079672 Fund Flows
Monthly money in and out of Salient Tactical Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$14.5M
- 12-month gross sales (incl. reinvestments): $127.8M
- Sales ÷ redemptions: 0.90×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2022 | $12.4M | $9.3M | $3.2M |
| Aug 2022 | $4.1M | $10.9M | −$6.8M |
| Jul 2022 | $24.7M | $4.2M | $20.4M |
| Jun 2022 | $7.0M | $8.9M | −$2.0M |
| May 2022 | $7.8M | $12.7M | −$5.0M |
| Apr 2022 | $5.0M | $33.3M | −$28.3M |
| Mar 2022 | $5.5M | $16.2M | −$10.7M |
| Feb 2022 | $6.9M | $6.9M | $6K |
| Jan 2022 | $15.1M | $14.5M | $612K |
| Dec 2021 | $21.3M | $8.9M | $12.5M |
| Nov 2021 | $6.8M | $10.3M | −$3.5M |
| Oct 2021 | $11.1M | $6.2M | $5.0M |
C000079672 Assets Under Management
Net assets of Salient Tactical Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2022-09-30 | $283.05M |
| 2022-06-30 | $272.57M |
| 2022-03-31 | $314.73M |
| 2021-12-31 | $337.14M |
| 2021-09-30 | $326.21M |
| 2021-06-30 | $333.06M |
| 2021-03-31 | $307.67M |
| 2020-12-31 | $293.03M |
| 2020-09-30 | $311.51M |
| 2020-06-30 | $320.80M |
| 2020-03-31 | $271.56M |
| 2019-12-31 | $289.11M |
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.