Salient Tactical Growth Fund
Data updated: 2022-11-17
C000079673 — Salient Tactical Growth Fund. Money Market · $283.05M AUM · 1.52% expense ratio · -5.5% 1-yr return. Holdings, fees, performance and SEC filings.
C000079673 Fund Overview
Salient Tactical Growth Fund is a US mutual fund managed by Forward Funds, categorised as Money Market. 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: Money Market
- Assets under management: $283.05M
- 1-year return: -5.5%
- SEC CIK: 0000889188
- SEC series ID: S000026529
- Share class ID: C000079673
C000079673 Investment Objective and Strategy
Salient Tactical Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Forward Funds.
Investment objective
The Fund’s investment objective is to produce above-average, risk-adjusted returns, in any market environment, while exhibiting less downside volatility than the S&P 500 Index.
Principal investment strategy
The Funds investment strategy is designed to evaluate the market to determine whether the market as a whole or a particular sector or industry is undervalued or overvalued. Broadmark Asset Management LLC (Broadmark or the Sub-Advisor) seeks to identify potential long and short investments that it believes offer the greatest risk-adjusted potential for returns. The Fund seeks to gain exposure to equity indices, sectors and industry groups that it believes are more attractive on a relative basis and may take short positions in equity indices, sectors or industry groups that it believes are less attractive on a relative basis. The Sub-Advisor will rely on a variety of factors to reach its determination of the relative value of potential investments, including valuation, monetary conditions, investor sentiment, and momentum factors.
Relative to the U.S. equity market, the Fund is expected to outperform during periods of higher volatility or when the U.S. equity market is falling. The Fund may underperform the U.S. equity market in other market environments. The Fund may employ both leveraged investment techniques as well as short positions which allow the Fund to obtain investment exposure that can range from 120% long to 100% short, as a percentage of the Funds net assets at the time of investment. In most market conditions, the Fund maintains investment exposure between 100% long and 100% short, as a percentage of the Funds net assets at the time of investment. The Fund invests in instruments providing exposure to securities market indices, industries or sectors within U.S. and overseas equity markets. These instruments primarily include exchange-traded funds (ETFs) and futures on securities indices.
The Fund may obtain exposure to equity securities of U.S. and non-U.S. issuers, including issuers in countries considered to be emerging market countries, in all market capitalization ranges, including small capitalization stocks. Under certain market conditions, the Fund may hold a substantial portion of its assets in cash, cash equivalents, fixed income securities of U.S. and non-U.S. issuers that are of investment grade quality and of any maturity, exchange-traded notes (ETNs), and/or money market or other funds that invest in these instruments. On occasion, the Fund may write covered put and call options and purchase put and call options on securities, securities indices and shares of ETFs. The Fund may purchase or write options in combination with each other (simultaneously writing call options and purchasing put options) to adjust risk and return of its overall investment positions.
C000079673 Performance
Total returns for C000079673 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.5% |
| 3 years (annualised) | 4.4% |
C000079673 Risk Information
Risk metrics for C000079673, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.0%
C000079673 Costs and Fees
C000079673 costs about $152 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.52%
- Gross expense ratio: 1.52%
- Portfolio turnover: 201%
- Brokerage commissions: 5.12 bps of average net assets (SEC N-CEN)
C000079673 Cashflows
Over the 12 months to 2022-09, Salient Tactical Growth Fund had net outflows of $14.55M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | $3.17M |
| 2022-08 | −$6.78M |
| 2022-07 | $20.45M |
| 2022-06 | −$1.98M |
| 2022-05 | −$4.95M |
| 2022-04 | −$28.32M |
C000079673 Debt Constituents
No individual debt constituents are reported in Salient Tactical Growth Fund's latest SEC N-PORT filing.
C000079673 Prospectus and SEC Filings
Official Salient Tactical Growth 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
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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.