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Trending ETFs

Westwood Global Real Estate Fund

mutual fund
KIRYX
Payout Change
Pending
Price as of:
$13.1 -0.15 -1.13%
primary theme
International Real Estate
KIRYX (Mutual Fund)

Westwood Global Real Estate Fund

Payout Change
Pending
Price as of:
$13.1 -0.15 -1.13%
primary theme
International Real Estate
KIRYX (Mutual Fund)

Westwood Global Real Estate Fund

Payout Change
Pending
Price as of:
$13.1 -0.15 -1.13%
primary theme
International Real Estate

Name

As of 10/07/2024

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

$13.10

$17.5 M

2.55%

$0.34

1.74%

Vitals

YTD Return

5.3%

1 yr return

21.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$17.5 M

Holdings in Top 10

42.2%

52 WEEK LOW AND HIGH

$13.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.74%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/07/2024

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

$13.10

$17.5 M

2.55%

$0.34

1.74%

KIRYX - Profile

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Westwood Global Real Estate Fund
  • Fund Family Name
    Salient Fund Complex
  • Inception Date
    Apr 28, 2006
  • Shares Outstanding
    253867
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Palmer

Fund Description

Under normal conditions, the Fund invests at least 80%, and usually substantially all, 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. The Fund may invest in equity securities, limited partnership interests, exchange-traded funds (“ETFs”), American Depositary Receipts and European Depositary Receipts. The Fund may invest in securities of companies having any capitalization.

The Fund will also invest, under normal circumstances, at least 40% of its net assets in securities of real estate industry companies that are economically tied to countries outside the United States. However, the Fund retains the ability to invest its net assets in U.S. real estate industry companies up to 5% beyond the percentage of U.S. real estate industry companies represented in the FTSE EPRA NAREIT Developed Index (the “Index”). In these situations, the Fund’s investment in securities of real estate industry companies that are economically tied to countries outside the United States may be less than their percentage represented in the Index. The Fund considers a company that derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S. as doing a substantial amount of business outside the U.S. The non-U.S. companies in which the Fund invests may include those domiciled in emerging market countries. Typically, emerging markets are in countries that are in the process of industrialization, with lower gross national products per capita than more developed countries. The Fund is not limited in the extent to which it may invest in emerging market companies.

The Advisor allocates the Fund’s assets among securities of countries and in currency denominations that the Advisor expects to provide the best opportunities for meeting the Fund’s investment objective. In analyzing specific companies for possible investment, the Advisor utilizes fundamental real estate analysis and quantitative analysis to select investments for the Fund, including analyzing a company’s management and strategic focus, evaluating the location, physical attributes and cash flow generating capacity of a company’s properties, calculating relative return potential, and assessing the impacts of unexpected economic events such as major recessions, significant geopolitical events or pandemics.

Fundamental analysis is a method of analysis that evaluates the financial characteristics of an investment opportunity with projections of the future in potential metrics like cash generation and policy, revenue and earnings growth, margins and balance sheet/liability management. For core real estate fundamentals, the Advisor evaluates characteristics like occupancy, tenant concentration and maturity schedule.

Market and macro fundamental analysis also includes metrics like new supply in operating markets and sub-markets for real estate, and current market lease terms including headline rental rates. For macro analysis, the Advisor evaluates interest rate policy, economic growth rates, inflation conditions, and housing market conditions as part of the investment positioning and input.

Quantitative analysis is a method of analysis that uses current and historical data to point to potential investments in a large opportunity set, for which the Advisor then performs fundamental analysis for final selection and evaluation. Any quantitative analysis is overseen and reviewed by the Advisor on an ongoing basis.

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KIRYX - Performance

Return Ranking - Trailing

Period KIRYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -5.4% 20.1% 79.12%
1 Yr 21.8% -10.3% 36.4% 84.07%
3 Yr N/A* -13.0% 21.7% 5.38%
5 Yr N/A* -9.3% 18.4% 41.90%
10 Yr N/A* -1.5% 11.9% 78.07%

* Annualized

Return Ranking - Calendar

Period KIRYX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -16.8% 16.7% 39.44%
2022 N/A -43.9% 4.5% 61.29%
2021 N/A -13.9% 30.7% 83.87%
2020 N/A -20.7% 13.7% 35.68%
2019 N/A 1.0% 26.5% 91.23%

Total Return Ranking - Trailing

Period KIRYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -5.4% 20.1% 79.12%
1 Yr 21.8% -10.3% 36.4% 84.07%
3 Yr N/A* -13.0% 21.7% 6.45%
5 Yr N/A* -9.3% 18.4% 48.04%
10 Yr N/A* -1.5% 11.9% 26.32%

* Annualized

Total Return Ranking - Calendar

Period KIRYX Return Category Return Low Category Return High Rank in Category (%)
2023 12.0% -14.6% 23.4% 24.44%
2022 N/A -39.5% 10.1% 61.29%
2021 N/A 5.7% 101.8% 83.87%
2020 N/A -17.8% 14.7% 35.68%
2019 N/A 4.3% 37.2% 84.80%

NAV & Total Return History


KIRYX - Holdings

Concentration Analysis

KIRYX Category Low Category High KIRYX % Rank
Net Assets 17.5 M 4.27 M 7.48 B 93.85%
Number of Holdings 32 5 691 98.35%
Net Assets in Top 10 7.07 M 1.9 M 4.55 B 94.51%
Weighting of Top 10 42.20% 19.5% 64.5% 36.46%

Top 10 Holdings

  1. Outfront Media, Inc. 4.84%
  2. Ventas, Inc. REIT 4.39%
  3. COPT Defense Properties REIT 4.32%
  4. Equinix, Inc. REIT 4.24%
  5. Rexford Industrial Realty, Inc. 4.18%
  6. Phillips Edison Company, Inc. REIT 4.08%
  7. Mitsubishi Estate Company Ltd. 4.07%
  8. Cyberspace REIT 4.05%
  9. Digital Realty Trust, Inc. REIT 4.01%
  10. Gaming and Leisure Properties, Inc. REIT 4.01%

Asset Allocation

Weighting Return Low Return High KIRYX % Rank
Stocks
97.56% 3.01% 126.54% 76.92%
Cash
2.44% 0.00% 11.23% 31.32%
Preferred Stocks
0.00% 0.00% 7.41% 85.16%
Other
0.00% -33.49% 99.87% 85.71%
Convertible Bonds
0.00% 0.00% 0.07% 83.98%
Bonds
0.00% 0.00% 23.39% 84.62%

Stock Sector Breakdown

Weighting Return Low Return High KIRYX % Rank
Real Estate
100.00% 72.53% 100.00% 8.47%
Utilities
0.00% 0.00% 0.96% 84.75%
Technology
0.00% 0.00% 4.92% 90.40%
Industrials
0.00% 0.00% 4.91% 87.01%
Healthcare
0.00% 0.00% 1.54% 83.62%
Financial Services
0.00% 0.00% 9.53% 85.31%
Energy
0.00% 0.00% 0.11% 83.62%
Communication Services
0.00% 0.00% 10.08% 92.09%
Consumer Defense
0.00% 0.00% 0.18% 85.31%
Consumer Cyclical
0.00% 0.00% 13.03% 94.92%
Basic Materials
0.00% 0.00% 1.63% 84.75%

Stock Geographic Breakdown

Weighting Return Low Return High KIRYX % Rank
US
67.62% 0.00% 102.76% 10.99%
Non US
29.94% 0.00% 98.87% 85.16%

KIRYX - Expenses

Operational Fees

KIRYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.10% 36.96% 29.12%
Management Fee 0.70% 0.09% 1.50% 27.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% 49.50%

Sales Fees

KIRYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

KIRYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

KIRYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 1.00% 165.00% 45.45%

KIRYX - Distributions

Dividend Yield Analysis

KIRYX Category Low Category High KIRYX % Rank
Dividend Yield 2.55% 0.00% 5.52% 41.21%

Dividend Distribution Analysis

KIRYX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

KIRYX Category Low Category High KIRYX % Rank
Net Income Ratio 1.23% -0.23% 3.84% 57.87%

Capital Gain Distribution Analysis

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

Distributions History

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KIRYX - Fund Manager Analysis

Managers

John Palmer


Start Date

Tenure

Tenure Rank

May 01, 2021

1.08

1.1%

Mr. Palmer leads the real estate team, a group of professionals whose broad experience investing in the real estate sector and relationships with industry executives are critical elements in operating the Fund. As a team leader and Portfolio Manager, Mr. Palmer has ultimate responsibility for all Fund investment decisions. Mr. Palmer has been a member of the Salient real estate team since September 2013 and has acted as sole Portfolio Manager since May 2021.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 20.42 7.11 10.42