Salient Tactical Plus Fund (BTPIX)
The investment seeks to produce, in any market environment, above-average risk-adjusted returns and less downside volatility than the S&P 500 Index. The fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of instruments that provide exposure to U.S. and non-U.S. equity securities. These instruments generally include futures and options on securities, securities indices and shares of exchange-traded funds ("ETFs").
Fund Info
US79471L7432
79471L743
Dec 30, 2012
$0
Expense Ratio
BTPIX has a high expense ratio of 1.08%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Salient Tactical Plus Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Salient Tactical Plus Fund had a return of 2.88% year-to-date (YTD) and 2.77% in the last 12 months. Over the past 10 years, Salient Tactical Plus Fund had an annualized return of 1.16%, while the S&P 500 had an annualized return of 11.01%, indicating that Salient Tactical Plus Fund did not perform as well as the benchmark.
BTPIX
2.88%
-0.67%
-0.59%
2.77%
1.37%
1.16%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of BTPIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 0.35% | 1.48% | -1.37% | 0.78% | 1.81% | 0.51% | 0.67% | -0.84% | -1.43% | 2.65% | 2.88% | |
| 2023 | 0.43% | -1.38% | 0.09% | 0.09% | 0.09% | 2.88% | 1.53% | -0.67% | 0.50% | 1.34% | -1.81% | 0.23% | 3.27% |
| 2022 | -1.58% | -0.72% | 0.08% | -0.32% | -0.89% | -0.00% | -0.16% | -0.49% | 0.66% | 1.47% | 1.05% | -7.40% | -8.28% |
| 2021 | -1.18% | 1.19% | 0.93% | 2.34% | 0.08% | 0.73% | 0.40% | 1.13% | -3.18% | 4.19% | -0.32% | 0.16% | 6.48% |
| 2020 | 0.09% | -0.85% | -2.58% | 1.23% | 0.78% | 2.07% | 3.22% | 6.40% | -7.17% | -0.66% | 3.43% | -3.96% | 1.28% |
| 2019 | -0.78% | 2.52% | -0.17% | 2.55% | -4.64% | 4.43% | 0.67% | -0.50% | -0.67% | 0.75% | 2.16% | 2.91% | 9.31% |
| 2018 | 7.41% | -3.21% | -2.90% | -2.30% | 0.35% | 1.05% | 0.78% | 1.63% | -0.51% | -1.52% | 2.15% | -2.52% | -0.08% |
| 2017 | 0.17% | 2.33% | -3.46% | 0.70% | 0.87% | -0.26% | 1.03% | -0.34% | 0.86% | 2.63% | 2.15% | -6.07% | 0.26% |
| 2016 | -5.80% | 2.24% | 2.10% | -1.43% | -0.54% | -0.73% | 4.60% | 0.44% | -2.54% | -1.98% | 8.24% | -2.11% | 1.76% |
| 2015 | -5.06% | 2.49% | -1.47% | -0.09% | -0.44% | -0.88% | 1.16% | -3.09% | -1.18% | 7.00% | 0.34% | -2.49% | -4.13% |
| 2014 | -3.55% | 1.44% | -0.71% | -0.09% | 0.45% | 1.15% | -1.05% | 2.39% | -1.39% | 2.72% | 5.04% | -3.50% | 2.60% |
| 2013 | 2.20% | -0.29% | 2.26% | 1.44% | 0.85% | -2.72% | 2.80% | -0.84% | 2.65% | 4.33% | 3.00% | -0.86% | 15.60% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTPIX is 20, meaning it’s performing worse than 80% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Salient Tactical Plus Fund (BTPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Salient Tactical Plus Fund provided a 3.88% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.06 | $0.00 | $0.00 | $0.88 | $0.01 |
Dividend yield | 3.88% | 3.99% | 0.49% | 0.00% | 0.00% | 7.48% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Salient Tactical Plus Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.88 |
| 2018 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Salient Tactical Plus Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Salient Tactical Plus Fund was 14.29%, occurring on Jun 27, 2016. Recovery took 361 trading sessions.
The current Salient Tactical Plus Fund drawdown is 6.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.29% | Dec 4, 2014 | 393 | Jun 27, 2016 | 361 | Nov 30, 2017 | 754 |
| -13.62% | Sep 3, 2020 | 644 | Mar 27, 2023 | — | — | — |
| -11.04% | Jan 29, 2018 | 44 | Apr 2, 2018 | 442 | Jan 2, 2020 | 486 |
| -8.05% | Feb 20, 2020 | 32 | Apr 3, 2020 | 44 | Jun 8, 2020 | 76 |
| -7.8% | Dec 28, 2017 | 1 | Dec 28, 2017 | 19 | Jan 26, 2018 | 20 |
Volatility
Volatility Chart
The current Salient Tactical Plus Fund volatility is 1.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.