Salient High Yield Institutional
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
15.8%
3 Yr Avg Return
3.0%
5 Yr Avg Return
5.6%
Net Assets
$15 M
Holdings in Top 10
36.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.85%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 178.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$100,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AHBAX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.95%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameSalient High Yield Fund
-
Fund Family NameSalient Funds
-
Inception DateMay 01, 2000
-
Shares Outstanding739661
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJames P. Sivco
Fund Description
AHBAX - Performance
Return Ranking - Trailing
Period | AHBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -9.3% | 23.9% | N/A |
1 Yr | 15.8% | -9.4% | 5.6% | N/A |
3 Yr | 3.0%* | -6.5% | 8.5% | N/A |
5 Yr | 5.6%* | -8.6% | 2.2% | N/A |
10 Yr | 5.9%* | -13.4% | 4.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | AHBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -23.1% | -0.4% | N/A |
2022 | N/A | -9.5% | 28.5% | N/A |
2021 | N/A | -14.4% | 28.6% | N/A |
2020 | N/A | -34.3% | 1.0% | N/A |
2019 | N/A | -23.1% | 27.7% | N/A |
Total Return Ranking - Trailing
Period | AHBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -9.3% | 23.9% | N/A |
1 Yr | 15.8% | -9.4% | 6.8% | N/A |
3 Yr | 3.0%* | -6.5% | 11.2% | N/A |
5 Yr | 5.6%* | -7.8% | 6.2% | N/A |
10 Yr | 5.9%* | -13.4% | 8.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | AHBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -23.1% | 1.3% | N/A |
2022 | N/A | -4.9% | 36.8% | N/A |
2021 | N/A | -14.4% | 39.0% | N/A |
2020 | N/A | -28.3% | 4.3% | N/A |
2019 | N/A | -21.8% | 27.7% | N/A |
AHBAX - Holdings
Concentration Analysis
AHBAX | Category Low | Category High | AHBAX % Rank | |
---|---|---|---|---|
Net Assets | 15 M | 1.02 M | 25 B | N/A |
Number of Holdings | 23 | 6 | 1547 | N/A |
Net Assets in Top 10 | 21 M | -1.5 M | 3.71 B | N/A |
Weighting of Top 10 | 36.14% | 5.1% | 99.6% | N/A |
Top 10 Holdings
- US Treasury Bond 2.875% 6.64%
- US Treasury Bond 2.25% 4.34%
- Halcon Resources Corp 3.95%
- Owens Brockway 144A 5.375% 3.49%
- Sandridge Engy 144A 8.75% 3.41%
- Calpine 5.375% 3.34%
- Teck Resources 6.25% 2.92%
- SandRidge Energy Inc 2.72%
- Equinix 5.75% 2.72%
- Polyone 5.25% 2.59%
Asset Allocation
Weighting | Return Low | Return High | AHBAX % Rank | |
---|---|---|---|---|
Cash | 51.38% | -3.02% | 117.48% | N/A |
Bonds | 41.66% | -17.48% | 100.06% | N/A |
Stocks | 6.95% | -0.44% | 99.77% | N/A |
Preferred Stocks | 0.00% | 0.00% | 11.13% | N/A |
Other | 0.00% | -1.24% | 11.36% | N/A |
Convertible Bonds | 0.00% | 0.00% | 11.82% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | AHBAX % Rank | |
---|---|---|---|---|
Energy | 6.95% | -0.06% | 2.74% | N/A |
Utilities | 0.00% | -0.04% | 1.62% | N/A |
Technology | 0.00% | -0.17% | 30.62% | N/A |
Real Estate | 0.00% | -0.03% | 3.03% | N/A |
Industrials | 0.00% | 0.00% | 13.99% | N/A |
Healthcare | 0.00% | 0.00% | 14.35% | N/A |
Financial Services | 0.00% | -0.03% | 17.51% | N/A |
Communication Services | 0.00% | -0.04% | 2.00% | N/A |
Consumer Defense | 0.00% | -0.09% | 4.47% | N/A |
Consumer Cyclical | 0.00% | -0.14% | 15.44% | N/A |
Basic Materials | 0.00% | 0.00% | 1.36% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AHBAX % Rank | |
---|---|---|---|---|
US | 6.95% | -0.43% | 50.95% | N/A |
Non US | 0.00% | -0.01% | 48.82% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | AHBAX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 51.38% | -1.24% | 117.48% | N/A |
Corporate | 25.94% | 0.00% | 100.08% | N/A |
Government | 10.98% | -5.69% | 65.95% | N/A |
Derivative | 3.20% | -17.48% | 8.43% | N/A |
Securitized | 0.00% | 0.00% | 60.24% | N/A |
Municipal | 0.00% | 0.00% | 100.03% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AHBAX % Rank | |
---|---|---|---|---|
US | 36.82% | -17.48% | 99.77% | N/A |
Non US | 4.84% | 0.00% | 53.13% | N/A |
AHBAX - Expenses
Operational Fees
AHBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.85% | 0.00% | 6.42% | N/A |
Management Fee | 0.50% | 0.00% | 1.00% | N/A |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.07% | 0.01% | 0.45% | N/A |
Sales Fees
AHBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
AHBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AHBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 178.00% | 5.00% | 1334.00% | N/A |
AHBAX - Distributions
Dividend Yield Analysis
AHBAX | Category Low | Category High | AHBAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.50% | N/A |
Dividend Distribution Analysis
AHBAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
AHBAX | Category Low | Category High | AHBAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.95% | -1.92% | 7.22% | N/A |
Capital Gain Distribution Analysis
AHBAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 13, 2017 | $0.041 | |
Dec 27, 2016 | $0.029 | |
Nov 23, 2016 | $0.013 | |
Oct 26, 2016 | $0.013 | |
Sep 27, 2016 | $0.034 | |
Aug 26, 2016 | $0.048 | |
Jul 26, 2016 | $0.038 | |
Jun 27, 2016 | $0.058 | |
May 25, 2016 | $0.049 | |
Apr 26, 2016 | $0.051 | |
Mar 28, 2016 | $0.054 | |
Feb 24, 2016 | $0.047 | |
Jan 26, 2016 | $0.030 | |
Dec 28, 2015 | $0.036 | |
Nov 24, 2015 | $0.055 | |
Oct 27, 2015 | $0.048 | |
Sep 25, 2015 | $0.047 | |
Aug 26, 2015 | $0.047 | |
Jul 28, 2015 | $0.051 | |
Jun 25, 2015 | $0.051 | |
May 26, 2015 | $0.046 | |
Apr 27, 2015 | $0.052 | |
Mar 26, 2015 | $0.050 | |
Feb 24, 2015 | $0.045 | |
Jan 27, 2015 | $0.039 | |
Dec 26, 2014 | $0.060 | |
Nov 24, 2014 | $0.042 | |
Oct 28, 2014 | $0.051 | |
Sep 25, 2014 | $0.052 | |
Aug 26, 2014 | $0.040 | |
Jul 28, 2014 | $0.054 | |
Jun 25, 2014 | $0.044 | |
May 27, 2014 | $0.050 | |
Apr 25, 2014 | $0.047 | |
Mar 26, 2014 | $0.043 | |
Feb 25, 2014 | $0.046 | |
Jan 28, 2014 | $0.044 | |
Dec 26, 2013 | $0.070 | |
Nov 25, 2013 | $0.047 | |
Oct 28, 2013 | $0.053 | |
Sep 25, 2013 | $0.045 | |
Aug 27, 2013 | $0.049 | |
Jul 26, 2013 | $0.048 | |
Jun 25, 2013 | $0.047 | |
May 28, 2013 | $0.050 | |
Apr 25, 2013 | $0.048 | |
Mar 25, 2013 | $0.047 | |
Feb 25, 2013 | $0.050 | |
Jan 28, 2013 | $0.045 | |
Dec 26, 2012 | $0.060 | |
Nov 27, 2012 | $0.063 | |
Oct 26, 2012 | $0.052 | |
Sep 25, 2012 | $0.048 | |
Aug 28, 2012 | $0.055 | |
Jul 26, 2012 | $0.056 | |
Jun 26, 2012 | $0.063 | |
May 25, 2012 | $0.070 | |
Apr 25, 2012 | $0.065 | |
Mar 27, 2012 | $0.066 | |
Feb 24, 2012 | $0.060 | |
Jan 26, 2012 | $0.047 | |
Dec 27, 2011 | $0.071 | |
Nov 25, 2011 | $0.060 | |
Oct 26, 2011 | $0.052 | |
Sep 27, 2011 | $0.075 | |
Aug 26, 2011 | $0.068 | |
Jul 26, 2011 | $0.058 | |
Jun 27, 2011 | $0.070 | |
May 25, 2011 | $0.057 | |
Apr 26, 2011 | $0.055 | |
Mar 28, 2011 | $0.062 | |
Feb 23, 2011 | $0.058 | |
Jan 26, 2011 | $0.045 | |
Dec 28, 2010 | $0.076 | |
Nov 24, 2010 | $0.063 | |
Oct 26, 2010 | $0.059 | |
Sep 27, 2010 | $0.072 | |
Aug 26, 2010 | $0.065 | |
Jul 27, 2010 | $0.064 | |
Jun 25, 2010 | $0.071 | |
May 25, 2010 | $0.063 | |
Apr 27, 2010 | $0.071 | |
Mar 26, 2010 | $0.074 | |
Feb 23, 2010 | $0.067 | |
Jan 26, 2010 | $0.061 | |
Dec 28, 2009 | $0.086 | |
Nov 24, 2009 | $0.066 | |
Oct 27, 2009 | $0.074 | |
Sep 25, 2009 | $0.069 | |
Aug 26, 2009 | $0.067 | |
Jul 28, 2009 | $0.072 | |
Jun 25, 2009 | $0.067 | |
May 26, 2009 | $0.061 | |
Apr 27, 2009 | $0.070 | |
Mar 26, 2009 | $0.067 | |
Feb 24, 2009 | $0.063 | |
Jan 27, 2009 | $0.054 | |
Dec 26, 2008 | $0.077 | |
Nov 24, 2008 | $0.057 | |
Oct 28, 2008 | $0.076 | |
Sep 25, 2008 | $0.071 |
AHBAX - Fund Manager Analysis
Managers
James P. Sivco
Start Date
Tenure
Tenure Rank
Jan 04, 2016
1.08
1.1%
James P. Sivco, CFA. Mr. Sivco, Senior Portfolio Manager, has been with Forward Management since January 2016. Mr. Sivco has also been with Salient since December 2005 where he was named a Senior Portfolio Manager in August 2015 and named Chief Investment Strategist in July 2013. From December 2005 to July 2013, he was a Portfolio Manager at Salient. Mr. Sivco leads the investment team of the Forward High Yield Bond Fund. Mr. Sivco is a Chartered Financial Analyst.
David C. Hinman
Start Date
Tenure
Tenure Rank
Jan 04, 2016
1.08
1.1%
Mr. Hinman is a Managing Principal and Chief Investment Officer of SW, and has held this position since July 2009. Prior to founding SW, Mr. Hinman was Managing Director and Global Head of Credit for Drake Management LLC (September 2006 to July 2009), a Portfolio Manager for Ares Capital Corporation (March 2005 to June 2006), and a Portfolio Manager for Pacific Investment Management Company LLC (PIMCO) (July 1995 to February 2005). Mr. Hinman is a Chartered Financial Analyst and holds an MBA in Finance from The University of Pennsylvania. Mr. Hinman has managed the Fund since February 2011.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.0 | 34.87 | 6.64 | 0.0 |