Forward Funds - Salient Select Income Fund
FSIMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 244 California Street San Francisco CA 94111
- IPO Date
- Feb 2, 2010
- CIK
- 0000889188
- Similar Companies
- Business
- Forward Funds - Salient Select Income Fund (FSIMX) is an open-end mutual fund that seeks high current income and the potential for modest long-term capital growth by investing primarily in income-producing securities of real estate companies, including preferred stocks, convertible preferred stocks, debt securities, and other senior securities issued by real estate investment trusts (REITs), master limited partnerships, and similar entities; high-yielding REIT common stocks; and small-capitalization REITs, with allocations that may shift based on market conditions and the use of portfolio leverage to pursue its objectives. The fund employs a bottom-up investment approach incorporating quantitative and qualitative analyses of issuers' cash flows, assets, and management to select securities with favorable risk-adjusted return potential, while adjusting exposures through sector and geographic rotation and active stock selection. It operates within the fixed income and real estate sectors, targeting income-oriented investors such as individuals and institutions seeking exposure to REIT preferred and senior securities yielding approximately 7% as of late 2023. Salient Select Income Fund, previously known as Forward Select Income Fund, was rebranded under the Forward Funds Trust following Salient Partners' acquisition of Forward Management in 2015, which combined the firms to manage over $27 billion in assets focused on liquid alternatives and real assets. In a significant recent development, Westwood Holdings Group acquired the assets of Salient Partners in May 2025, integrating the fund into Westwood's platform to enhance its multi-asset capabilities across U.S. equity, real assets, and alternatives, thereby providing greater scale, distribution reach, and product innovation opportunities. The fund maintains its focus on REIT merger and acquisition activity, as evidenced by participation in deals like Realty Income's acquisition of Spirit Realty in 2023, and continues to deliver attractive income amid evolving yield environments. Headquartered in Houston, Texas, with historical ties to San Francisco operations from Forward Management, the fund serves U.S. investors through various share classes including Investor (FFSLX), Advisor (FSIMX), and Institutional.