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Sierra Core Retirement Fund Class I (SIRIX)

22.49
Net Asset Value
+0.04%
1 Day
-3.19%
Year-to-Date
Overall Morningstar Rating
Multisector bond
Style or Category
No Load
Sales Expenses
2.28%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide long-term total return (the combination of yield and net price gains from the underlying funds) and to limit volatility and downside risk. The fund is a "fund of funds". The Adviser seeks to achieve the fund's investment objectives by investing in (1) open-end investment companies (mutual funds), (2) exchange-traded funds ("ETFs"), and (3) closed-end investment companies using the Adviser's multi-asset diversification strategy. The Adviser constructs the fund's broadly-diversified investment portfolio by investing at various times in a wide range of underlying funds that invest in various security and investment categories.

Performance

1 month-1.19% 3 years+1.29%
3 months-2.10% 5 years+2.51%
1 year-2.95% Since inception+5.83%
Data through --

Peer Comparisonvs. Multisector bond

 SIRIXCategory
Performance 5-yr return+2.51%+5.74%
Expense ratio2.28%1.11%
Risk 5 year sharpe ratio0.981.18
Net assets$500.5M$2.4B
Average market cap$10.5B$28.2B
Average P/E23.116.8
Portfolio turnover78%78%

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Fund Management and Purchase Info

Fund familySierra Trust
Fund manager & tenureKenneth Sleeper / 7 Years
Minimal initial investment$10,000.00
Minimum IRA investment$10,000.00

Holdings

Fixed income85.40%
Other6.62%
U.S. stock4.53%
International stock3.67%
Cash0.00%
Top 5 Sectors
Portfolio weighting
Financial service 85.11%
Healthcare 3.87%
Business service 3.07%
Consumer service 2.43%
Consumer goods 2.38%
Top 10 Holdings
Portfolio weighting
PTCIX PIMCO Long-Term Credit Fund Institutional Class9.01%
MMHIX MainStay High Yield Municipal Bond Fund Class I7.94%
PFORX PIMCO Foreign Bond (U.S. Dollar-Hedged) Fund Institutional Class7.56%
NERYX Loomis Sayles Core Plus Bond Fund Class Y7.22%
SMMYX Western Asset Managed Municipals Fund Class I7.06%
WYMHX Ivy Municipal High Income Fund Class I6.31%
BCOIX Baird Core Plus Bond Fund Class Institutional5.45%
IIBWX Voya Intermediate Bond Fund Class W5.45%
PIMIX PIMCO Income Fund Institutional Class5.01%
PPSIX Principal Preferred Securities Fund Institutional Class5.01%

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