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Salient Frontier Strategy Instl (FRNMX)

7.83 Up 0.03(0.38%) May 26
Prev Close:7.80
YTD Return*:1.31%
Net Assets*:9.40M
Yield*:3.81%

* As of 30-Apr-16

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

  • No Headlines available for FRNMX at this time.

Top Holdings

Symbol% AssetsYTD Return %
Msci Frontier Net Return Usd Swap13.88N/A
iShares MSCI Frontier 1004.00N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:9.4M
Category:Diversified Emerging Mkts
Annual Report Expense Ratio (net):0.99%

Performance & Risk

YTD Return:1.31%
5y Avg Return:-2.92%
Rank in Category (ytd):86
% Rank in Category (ytd):9.4%
Beta (3y):0.65
Morningstar Risk Rating:1

Fund Summary

The investment seeks capital growth. The fund principally invests in investments that provide exposure to the returns of frontier markets. "Frontier markets" is often used to describe the markets of smaller, less accessible, but still investable, countries of the developing world. The fund's advisor's, Forward Management, LLC's d/b/a Salient ("Salient Management" or the "Advisor"), strategy seeks to approximate the country and industry allocations of the fund's benchmark, the MSCI Frontier Markets Index (the "Benchmark"). View More
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