Salient Tactical Muni Strategy Fund Investor Class

 (MUTF:FLSRX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.13%  
1 week
   
-0.25%  
4 week   +1.16%
   
3 month   +3.05%
   
YTD   +3.99%
   
1 year   +8.51%
   
3 years*
   
-0.54%  
5 years*   +3.66%
   
*annualized
Best 3 month return+20.93%  
Worst 3 month return-14.63%  

Morningstar statistics

Morningstar category: Long-Short Credit
  Return Risk Rating
3 years Average High
5 years Above Average Above Average
10 years     -     - -
Overall Above Average Above Average

Key statistics

Total assets138.64M 
Front load-  
Deferred load-  
Expense ratio1.79%  
Management fee-  
Fund familyForward Funds 

Asset allocation

Cash27.21%  
Stocks0.00%  
Bonds72.79%  
Other0.00%  

Purchase information

Initial$2,500  
Additional$100  
AIP Initial$500  
AIP Additional$100  
7.880.00(0.00%)
May 24, 8:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks to maximize total return (capital appreciation and income). The fund seeks to take advantage of relative value, cross-over trading opportunities and market anomalies and inefficiencies across a wide array of the credit markets. Pacific Investment Management Company LLC ("PIMCO" or the "Sub-Advisor") uses an absolute return-oriented and tax-efficient investment strategy that seeks to identify attractive long and short investment opportunities in the municipal and other credit markets. The fund is non-diversified.
Fund filings (PDF) »
Asset manager:
David Hammer (Started: Sep 30, 2015)
Advisor Company:
Forward Management, LLC
Fund family reports on Morningstar »
Forward Funds, 101 CALIFORNIA STREET, SAN FRANCISCO CA 94111, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* 5.75 -2.97 0.40     -
Beta* 0.39 1.14 1.00     -
Mean annual return 0.58 -0.03 0.33     -
R-squared* 29.49 29.67 20.87     -
Standard deviation 1.70 6.21 5.98     -
Sharpe ratio 4.00 -0.07 0.65     -
* Against standard index

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