Salient Select Income Fund (KIFAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Salient Select Income Fund (KIFAX) is up 1.8% since the beginning of the year. KIFAX is currently trading at $18 per share. Investors who bought $1,000 worth of KIFAX shares 5 years ago would now be looking at an investment worth $1,123.

Salient Select Income Fund (KIFAX) has returned 1.83% so far this year and 6.93% over the past 12 months. Over the last ten years, KIFAX has returned 3.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Mar 30, 2001, KIFAX's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, an investment would double in approximately 9.5 years.

Historically, 66% of months were positive and 34% were negative. The best month was Dec 2008 with a return of +24.2%, while the worst month was Mar 2020 at -28.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, KIFAX closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +14.2%, while the worst single day was Mar 18, 2020 at -18.9%.

Salient Select Income Fund has an annualized alpha of 3.49%, beta of 0.38, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since April 02, 2001.

• This fund participated in 62.71% of S&P 500 Index downside but only 60.51% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.38 may look defensive, but with R2 of 0.31 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.31 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

KIFAX has a high expense ratio of 1.53%, indicating above-average management fees.

KIFAX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Salient Select Income Fund (KIFAX) and compare them to S&P 500 Index.

Salient Select Income Fund provided a 7.44% dividend yield over the last twelve months, with an annual payout of $1.30 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Salient Select Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Salient Select Income 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 Select Income Fund was 70.56%, occurring on Nov 21, 2008. Recovery took 576 trading sessions.

The current Salient Select Income Fund drawdown is 1.77%.

The chart below shows the rolling one-month volatility.