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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Salient Adaptive US Equity Fund

ASMCX |

-

$12.1 M

-

1.25%

Vitals

YTD Return

N/A

1 yr return

21.8%

3 Yr Avg Return

12.2%

5 Yr Avg Return

12.5%

Net Assets

$12.1 M

Holdings in Top 10

106.2%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 196.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100,000

IRA

$100,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Salient Adaptive US Equity Fund

ASMCX |

-

$12.1 M

-

1.25%

ASMCX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 12.2%
  • 5 Yr Annualized Total Return 12.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Salient Adaptive US Equity Fund
  • Fund Family Name
    Salient Funds
  • Inception Date
    Aug 24, 1992
  • Shares Outstanding
    269418
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Nathan J. Rowader

Fund Description

ASMCX - Performance

Return Ranking - Trailing

Period ASMCX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -9.4% 28.7% N/A
1 Yr 21.8% -37.7% 16.4% N/A
3 Yr 12.2%* -13.9% 13.1% N/A
5 Yr 12.5%* -15.0% 10.1% N/A
10 Yr 10.3%* -4.2% 14.7% N/A

* Annualized

Return Ranking - Calendar

Period ASMCX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -44.3% 7.9% N/A
2022 N/A -20.7% 25.7% N/A
2021 N/A -15.1% 40.3% N/A
2020 N/A -32.9% 1.5% N/A
2019 N/A -42.4% 14.7% N/A

Total Return Ranking - Trailing

Period ASMCX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -9.4% 28.7% N/A
1 Yr 21.8% -37.7% 17.5% N/A
3 Yr 12.2%* -11.1% 19.2% N/A
5 Yr 12.5%* -15.0% 12.5% N/A
10 Yr 10.3%* -4.2% 14.7% N/A

* Annualized

Total Return Ranking - Calendar

Period ASMCX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -44.3% 7.9% N/A
2022 N/A -8.7% 25.7% N/A
2021 N/A -4.9% 40.3% N/A
2020 N/A -32.9% 2.7% N/A
2019 N/A -42.4% 17.2% N/A

ASMCX - Holdings

Concentration Analysis

ASMCX Category Low Category High ASMCX % Rank
Net Assets 12.1 M 1.66 M 105 B N/A
Number of Holdings 3 5 3267 N/A
Net Assets in Top 10 21.8 M 1.78 M 7.14 B N/A
Weighting of Top 10 106.23% 5.1% 98.8% N/A

Top 10 Holdings

  1. E-Mini S&P® 500 106.23%

Asset Allocation

Weighting Return Low Return High ASMCX % Rank
Stocks 		106.23% 24.97% 100.45% N/A
Preferred Stocks 		0.00% 0.00% 9.10% N/A
Other 		0.00% -12.18% 3.09% N/A
Convertible Bonds 		0.00% 0.00% 0.36% N/A
Bonds 		0.00% 0.00% 40.52% N/A
Cash 		-6.23% -0.69% 40.74% N/A

Stock Sector Breakdown

Weighting Return Low Return High ASMCX % Rank
Financial Services 		22.75% 0.00% 52.69% N/A
Consumer Cyclical 		20.79% 0.00% 35.24% N/A
Technology 		19.86% 0.11% 35.89% N/A
Energy 		9.71% -0.82% 14.35% N/A
Industrials 		7.57% 0.00% 46.61% N/A
Healthcare 		6.62% 0.00% 46.65% N/A
Communication Services 		1.56% 0.00% 25.65% N/A
Consumer Defense 		0.71% -1.17% 15.66% N/A
Basic Materials 		0.15% -0.25% 18.13% N/A
Real Estate 		0.05% -0.49% 12.91% N/A
Utilities 		0.00% -0.50% 28.42% N/A

Stock Geographic Breakdown

Weighting Return Low Return High ASMCX % Rank
US 		106.23% 14.28% 100.30% N/A
Non US 		0.00% 0.00% 50.33% N/A

ASMCX - Expenses

Operational Fees

ASMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.03% 6.27% N/A
Management Fee 0.50% 0.00% 2.00% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.07% 0.01% 0.35% N/A

Sales Fees

ASMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ASMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

ASMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 196.00% 1.00% 196.54% N/A

ASMCX - Distributions

Dividend Yield Analysis

ASMCX Category Low Category High ASMCX % Rank
Dividend Yield 0.00% 0.00% 0.04% N/A

Dividend Distribution Analysis

ASMCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

ASMCX Category Low Category High ASMCX % Rank
Net Income Ratio 0.74% -4.72% 2.61% N/A

Capital Gain Distribution Analysis

ASMCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

ASMCX - Fund Manager Analysis

Managers

Nathan J. Rowader

Start Date

Tenure

Tenure Rank

Sep 20, 2010

7.87

7.9%

Nathan Rowader is a senior portfolio manager at Salient and member of the firm’s quantitative asset allocation team. He is responsible for overseeing trading, valuation, risk and portfolio management. Previously, Nathan was chief investment officer at Accessor Capital Management. In 2008, Forward acquired Accessor, and subsequently in 2015, Salient acquired Forward. Before joining Accessor in 2007, Nathan held roles involving the development and execution of quantitative and systematic portfolio strategies across equity, commodity, rates and currency asset classes primarily using derivatives. Nathan earned an MBA from the University of Colorado in Denver.

Roberto M. Croce

Start Date

Tenure

Tenure Rank

Jan 04, 2016

2.57

2.6%

Roberto Croce is a member of the Salient Risk Parity Index Committee and Director of Quantitative Research for the Investments Group at Salient Partners. Dr. Croce builds and implements the models underlying Salient's proprietary hedge fund risk monitoring, manager selection, MLP hedging, and asset allocation tools. He also serves as a portfolio manager for Salient's internally-managed strategies and oversees research into new investment initiatives. Prior to joining Salient, Dr. Croce worked with the Teacher Retirement System of Texas, a $100bn+ pension fund, to develop a new suite of global strategic asset allocation models.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 40.52 6.87 0.02

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