Salient Select Income Fund (KIFAX)
The investment seeks high current income and potential for modest long-term growth of capital. Under normal conditions, the fund invests at least 80% of its net assets plus borrowings for investment purposes, if any, in income-producing securities. It invests primarily in securities of companies in the real estate industry, such as real estate investment trusts ("REITs"), master limited partnerships and other real estate firms.
Fund Info
US34987A3196
34987A319
Mar 29, 2001
$2,500
Expense Ratio
KIFAX has a high expense ratio of 1.53%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Salient Select Income Fund (KIFAX) returned -2.85% year-to-date (YTD) and 6.39% over the past 12 months. Over the past 10 years, KIFAX returned 3.16% annually, underperforming the S&P 500 benchmark at 10.84%.
KIFAX
-2.85%
0.97%
-6.21%
6.39%
2.63%
7.27%
3.16%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of KIFAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.43% | 0.05% | -1.99% | -1.35% | 0.85% | -2.85% | |||||||
| 2024 | -1.72% | 0.38% | 0.43% | -1.98% | 1.74% | 0.31% | 3.35% | 3.94% | 4.08% | -0.36% | 0.51% | -3.85% | 6.73% |
| 2023 | 8.83% | -3.69% | -2.46% | 1.71% | -2.07% | 4.62% | 0.44% | 0.28% | -2.94% | -3.30% | 7.36% | 5.85% | 14.45% |
| 2022 | -3.14% | -1.58% | 2.06% | -2.26% | -0.74% | -4.41% | 5.62% | -2.93% | -9.02% | -1.54% | 3.95% | -0.67% | -14.44% |
| 2021 | 0.35% | 1.67% | 2.84% | 2.83% | 0.19% | 1.92% | 1.04% | 1.31% | -0.77% | 1.08% | -2.51% | 4.26% | 14.98% |
| 2020 | -0.37% | -3.78% | -28.59% | 13.68% | 2.37% | 3.10% | 2.22% | 6.10% | -0.22% | -1.25% | 8.23% | 2.05% | -3.07% |
| 2019 | 7.89% | 1.79% | 2.02% | 0.42% | -0.05% | 0.33% | 1.47% | -0.33% | 2.79% | 0.83% | -0.96% | 0.84% | 18.14% |
| 2018 | -3.70% | -2.76% | -0.13% | 0.34% | 2.04% | 1.84% | 1.61% | 2.15% | -1.03% | -3.00% | -2.03% | -4.16% | -8.75% |
| 2017 | 0.75% | 1.08% | -0.91% | 0.46% | -1.75% | 2.31% | 0.59% | -1.21% | 1.25% | -1.06% | 0.13% | -0.11% | 1.47% |
| 2016 | -3.84% | 0.93% | 5.57% | 0.09% | 2.91% | 3.14% | 4.51% | 0.64% | -0.64% | -1.87% | -0.21% | 1.94% | 13.56% |
| 2015 | 2.20% | 0.19% | 0.53% | -0.96% | -0.39% | -1.14% | 0.80% | -3.28% | -0.67% | 3.25% | 0.04% | -1.57% | -1.16% |
| 2014 | 2.63% | 3.10% | 1.41% | 1.40% | 2.45% | 0.87% | -0.50% | 1.09% | -1.51% | 2.10% | 1.43% | 1.17% | 16.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KIFAX is 41, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Salient Select Income Fund (KIFAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Salient Select Income Fund provided a 7.28% dividend yield over the last twelve months, with an annual payout of $1.29 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.29 | $1.28 | $1.21 | $1.09 | $1.02 | $0.91 | $1.08 | $1.15 | $2.03 | $1.53 | $2.76 | $1.96 |
Dividend yield | 7.28% | 6.88% | 6.50% | 6.23% | 4.72% | 4.62% | 5.05% | 6.01% | 9.13% | 6.40% | 12.33% | 7.69% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.31 | |||||||
| 2024 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.36 | $1.28 |
| 2023 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.34 | $1.21 |
| 2022 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.32 | $1.09 |
| 2021 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.26 | $1.02 |
| 2020 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.26 | $0.91 |
| 2019 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.31 | $1.08 |
| 2018 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.30 | $1.15 |
| 2017 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $1.18 | $2.03 |
| 2016 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.67 | $1.53 |
| 2015 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $1.95 | $2.76 |
| 2014 | $0.35 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $1.01 | $1.96 |
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.
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Worst Drawdowns
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 7.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.56% | Feb 8, 2007 | 451 | Nov 21, 2008 | 576 | Mar 9, 2011 | 1027 |
| -45.84% | Feb 21, 2020 | 19 | Mar 18, 2020 | 262 | Apr 1, 2021 | 281 |
| -19.19% | Jan 5, 2022 | 202 | Oct 24, 2022 | 442 | Jul 30, 2024 | 644 |
| -13.7% | Jul 11, 2011 | 21 | Aug 8, 2011 | 112 | Jan 18, 2012 | 133 |
| -13.16% | Mar 24, 2015 | 225 | Feb 11, 2016 | 60 | May 9, 2016 | 285 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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