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Trending ETFs

Salient Tactical Plus Fund

mutual fund
SBTAX
Dividend policy
Suspended
Price as of:
$11.82 -0.04 0%
primary theme
Long-Short Equity
SBTAX (Mutual Fund)

Salient Tactical Plus Fund

Dividend policy
Suspended
Price as of:
$11.82 -0.04 0%
primary theme
Long-Short Equity
SBTAX (Mutual Fund)
Salient Tactical Plus Fund
Dividend policy
Suspended
Price as of:
$11.82 -0.04 0%
primary theme
Long-Short Equity

SBTAX - Snapshot

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 5.3%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $70.8 M
  • Holdings in Top 10 99.3%

52 WEEK LOW AND HIGH

$11.86
$11.02
$12.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.23%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Theme Long-Short Equity
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Compare SBTAX to Popular Long-Short Equity Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$8.69

+0.35%

$1.20 B

8.58%

$0.74

blocked
blocked
blocked

6.23%

1.28%

$11.52

+0.09%

$70.96 M

8.19%

$0.94

blocked
blocked
blocked

1.86%

2.19%

$12.23

-0.33%

$70.82 M

-

$0.00

blocked
blocked
blocked

2.95%

1.99%

$14.44

-0.28%

$41.04 M

0.00%

$0.00

blocked
blocked
blocked

-4.56%

0.80%

$12.43

-0.40%

$20.12 M

1.42%

$0.18

blocked
blocked
blocked

4.63%

1.13%

Compare SBTAX to Popular Long-Short Equity ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$34.87

-0.63%

$134.42 M

0.58%

$0.20

blocked
blocked
blocked

6.08%

0.39%

$37.61

+0.47%

$37.14 M

-

-

blocked
blocked
blocked

3.08%

1.64%

$23.25

-1.07%

$5.71 M

1.02%

$0.24

blocked
blocked
blocked

11.56%

-

$24.29

+0.52%

$3.59 M

1.72%

$0.42

blocked
blocked
blocked

10.77%

6.30%

SBTAX - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Salient Tactical Plus Fund
  • Fund Family Name
    Salient Funds
  • Inception Date
    Dec 15, 2014
  • Shares Outstanding
    49610
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Guptill

Fund Description

The fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of instruments that provide exposure to U.S. and non-U.S. equity securities. These instruments generally include futures and options on securities, securities indices and shares of exchange-traded funds ("ETFs").


SBTAX - Performance

Return Ranking - Trailing

Period SBTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -10.7% 38.4% 78.50%
1 Yr 11.5% -22.9% 106.6% 82.23%
3 Yr 5.3%* -16.2% 23.2% 50.81%
5 Yr 6.5%* -6.8% 17.2% 50.00%
10 Yr N/A* -0.3% 9.9% N/A

* Annualized

Return Ranking - Calendar

Period SBTAX Return Category Return Low Category Return High Rank in Category (%)
2020 0.6% -47.6% 88.4% 58.46%
2019 1.1% -12.0% 37.8% 90.32%
2018 -0.8% -41.4% 12.7% 12.43%
2017 -0.4% -67.1% 21.9% 87.80%
2016 1.3% -17.3% 25.3% 58.74%

Total Return Ranking - Trailing

Period SBTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -11.0% 38.4% 77.50%
1 Yr 5.4% -26.7% 106.6% 86.80%
3 Yr 3.3%* -17.3% 23.2% 64.32%
5 Yr 5.3%* -7.2% 17.2% 56.63%
10 Yr N/A* -0.3% 9.9% N/A

* Annualized

Total Return Ranking - Calendar

Period SBTAX Return Category Return Low Category Return High Rank in Category (%)
2020 0.6% -47.6% 88.4% 58.46%
2019 1.1% -12.0% 37.8% 90.32%
2018 -0.8% -23.0% 12.7% 16.38%
2017 -0.4% -3.6% 24.8% 95.12%
2016 1.3% -15.5% 25.3% 60.84%

NAV & Total Return History


SBTAX - Holdings

Concentration Analysis

SBTAX Category Low Category High SBTAX % Rank
Net Assets 70.8 M 0 4.6 B 54.95%
Number of Holdings 6 3 3211 93.47%
Net Assets in Top 10 69.6 M -99.2 M 675 M 26.63%
Weighting of Top 10 99.34% 0.1% 100.0% 2.96%

Top 10 Holdings

  1. SPDR® S&P 500 ETF Trust 52.50%
  2. Fidelity® Inv MM Fds Government Instl 46.34%
  3. E-mini Nasdaq 100 Future Sept 20 0.72%
  4. E-mini Nasdaq 100 Future Sept 20 0.72%
  5. E-mini Nasdaq 100 Future Sept 20 0.70%
  6. E-mini Nasdaq 100 Future Sept 20 0.70%
  7. E-mini Nasdaq 100 Future Sept 20 0.70%
  8. E-mini Nasdaq 100 Future Sept 20 0.70%
  9. E-mini Nasdaq 100 Future Sept 20 0.70%
  10. E-mini Nasdaq 100 Future Sept 20 0.70%

Asset Allocation

Weighting Return Low Return High SBTAX % Rank
Stocks
52.70% -8.47% 153.48% 80.10%
Cash
47.30% -140.68% 108.46% 18.09%
Preferred Stocks
0.00% -0.01% 13.55% 45.23%
Other
0.00% -70.40% 38.53% 51.76%
Convertible Bonds
0.00% 0.00% 3.53% 44.22%
Bonds
0.00% -3.48% 152.17% 57.21%

Stock Sector Breakdown

Weighting Return Low Return High SBTAX % Rank
Technology
23.95% 0.00% 43.72% 29.26%
Financial Services
14.26% 0.00% 75.98% 44.68%
Healthcare
13.26% 0.00% 97.32% 43.62%
Consumer Cyclical
12.18% 0.00% 76.87% 50.53%
Communication Services
11.02% 0.00% 25.58% 29.26%
Industrials
8.89% 0.00% 40.20% 63.30%
Consumer Defense
6.38% 0.00% 55.76% 55.32%
Energy
2.83% 0.00% 15.00% 32.45%
Utilities
2.50% 0.00% 27.45% 32.45%
Real Estate
2.44% 0.00% 16.28% 34.57%
Basic Materials
2.29% 0.00% 17.64% 60.11%

Stock Geographic Breakdown

Weighting Return Low Return High SBTAX % Rank
US
52.24% -33.28% 150.78% 57.29%
Non US
0.46% -2.50% 67.09% 86.43%

SBTAX - Expenses

Operational Fees

SBTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.23% 0.39% 12.79% 51.52%
Management Fee 1.45% 0.00% 2.25% 78.71%
12b-1 Fee 0.25% 0.00% 1.00% 40.52%
Administrative Fee N/A 0.03% 1.47% 63.54%

Sales Fees

SBTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.50% 5.75% 52.94%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SBTAX 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.

SBTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 498.00% 99.54%

SBTAX - Distributions

Dividend Yield Analysis

SBTAX Category Low Category High SBTAX % Rank
Dividend Yield 0.00% 0.00% 0.85% 42.57%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SBTAX Category Low Category High SBTAX % Rank
Net Income Ratio -1.04% -2.70% 3.99% 75.76%

Capital Gain Distribution Analysis

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

Dividend Payout History

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SBTAX - Fund Manager Analysis

Managers

Christopher Guptill


Start Date

Tenure

Tenure Rank

Dec 31, 2012

8.25

8.3%

Mr. Guptill is the Founder and serves as the Co-Chief Executive Officer and Chief Investment Officer at Broadmark Asset Management. Mr. Guptill began his career in 1979 at Paine, Webber, Jackson & Curtis. In 1994 Mr. Guptill joined McKinley Capital Management, as a Senior Portfolio Manager. He later became the firm's Chief Equity Strategist. Additionally, Mr. Guptill developed, launched and co-managed the firm's highly successful alternative investment portfolios. Mr. Guptill is a graduate of California State University, Chico with a B.A. in Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 22.38 5.77 6.76