Salient Global Real Estate Fund (KIRYX)
Under normal conditions, the fund invests at least 80% of its net assets plus borrowings for investment purposes, if any, in common stocks and other equity securities issued by U.S. and non-U.S. real estate companies, including real estate investment trusts ("REITs") and similar REIT-like entities in at least three different countries. It may invest in equity securities, debt securities, limited partnership interests, ETFs, American Depositary Receipts and European Depositary Receipts, and its investments may include other securities, such as synthetic instruments.
Fund Info
US34986P1012
34986P101
Apr 27, 2006
$100,000
Mid-Cap
Blend
Expense Ratio
KIRYX has a high expense ratio of 1.14%, 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
KIRYX
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^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 KIRYX, 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 | -0.81% | 0.16% | -0.65% | ||||||||||
| 2024 | -3.79% | -0.25% | 3.37% | -5.91% | 2.12% | -0.49% | 7.32% | 3.53% | 2.23% | -3.88% | 2.87% | -6.34% | -0.20% |
| 2023 | 8.60% | -4.20% | -3.08% | 2.57% | -5.18% | 3.94% | 3.51% | -3.23% | -4.15% | -3.14% | 10.19% | 7.28% | 12.05% |
| 2022 | -4.47% | -0.96% | 3.83% | -5.51% | -1.42% | -10.17% | 7.27% | -7.38% | -11.32% | 2.96% | 9.34% | -3.86% | -21.61% |
| 2021 | 0.08% | 6.29% | 1.77% | 3.77% | 3.00% | -0.57% | 2.26% | 1.61% | -3.74% | 3.64% | -3.11% | 5.68% | 22.10% |
| 2020 | -1.44% | -6.88% | -24.61% | 9.82% | -2.65% | 2.44% | -0.55% | 4.80% | -3.48% | -4.40% | 20.81% | 2.30% | -9.94% |
| 2019 | 11.52% | 0.15% | 3.03% | -0.57% | -1.78% | 1.57% | -0.93% | 0.43% | 3.87% | 1.88% | -1.03% | 2.00% | 21.31% |
| 2018 | 4.97% | -6.29% | 2.17% | 3.21% | -2.14% | -1.53% | 1.38% | -0.79% | -1.98% | -5.45% | 2.34% | -6.09% | -10.46% |
| 2017 | 0.08% | 2.09% | 1.04% | 5.11% | 2.39% | -0.45% | 3.51% | -0.76% | 0.56% | 1.18% | 1.64% | 3.75% | 21.89% |
| 2016 | -6.44% | 0.79% | 9.11% | 2.76% | -2.12% | -2.32% | 3.93% | -1.64% | -0.07% | -3.26% | -1.12% | 2.25% | 0.98% |
| 2015 | 2.18% | 2.81% | -1.21% | 6.35% | -1.19% | -2.11% | -2.22% | -6.74% | -1.45% | 4.97% | -3.97% | -0.49% | -3.76% |
| 2014 | -4.04% | 3.20% | -1.39% | 0.33% | 2.85% | 1.80% | 4.08% | 0.43% | -6.17% | 2.68% | 0.45% | -1.94% | 1.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of KIRYX is 36, 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 Global Real Estate Fund (KIRYX) 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 Global Real Estate Fund provided a 102.56% dividend yield over the last twelve months, with an annual payout of $12.51 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $12.51 | $0.33 | $0.32 | $0.31 | $0.46 | $0.23 | $0.36 | $0.91 | $1.01 | $0.72 | $0.62 | $1.22 |
Dividend yield | 102.56% | 2.70% | 2.52% | 2.67% | 3.02% | 1.75% | 2.44% | 7.34% | 6.86% | 5.54% | 4.56% | 8.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Salient Global Real Estate 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 | $0.04 | $12.20 | $12.24 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.33 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.31 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.23 | $0.46 |
| 2020 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.23 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.18 | $0.36 |
| 2018 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.91 |
| 2017 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $1.01 |
| 2016 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.72 |
| 2015 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.22 | $0.62 |
| 2014 | $0.18 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.81 | $1.22 |
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 Global Real Estate 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 Global Real Estate Fund was 70.83%, occurring on Mar 9, 2009. Recovery took 2169 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.83% | Feb 26, 2007 | 511 | Mar 9, 2009 | 2169 | Oct 18, 2017 | 2680 |
| -42.23% | Feb 18, 2020 | 25 | Mar 23, 2020 | 285 | May 10, 2021 | 310 |
| -29.89% | Jan 5, 2022 | 196 | Oct 14, 2022 | — | — | — |
| -17.76% | Jan 29, 2018 | 229 | Dec 24, 2018 | 204 | Oct 16, 2019 | 433 |
| -10.8% | May 10, 2006 | 25 | Jun 14, 2006 | 38 | Aug 9, 2006 | 63 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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