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Sierra Core Retirement Fund Class I (SIRIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Multisector bond
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


1 month-0.30% 3 years+0.91%
3 months-1.53% 5 years+2.09%
1 year-2.06% Since inception+5.57%
Data through --

Peer Comparisonvs. Multisector bond

Performance 5-yr return+2.09%+5.74%
Expense ratio2.28%1.13%
Risk 5 year sharpe ratio0.791.08
Net assets$472.6M$2.4B
Average market cap$4.9B$26.6B
Average P/E18.216.2
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


Fixed income65.94%
International stock5.48%
U.S. stock5.10%
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
MMHIX MainStay High Yield Municipal Bond Fund Class I8.62%
WYMHX Ivy Municipal High Income Fund Class I6.86%
SMMYX Western Asset Managed Municipals Fund Class I6.60%
PIMIX PIMCO Income Fund Institutional Class5.55%
PPSIX Principal Preferred Securities Fund Institutional Class5.44%
FEHIX First Eagle High Yield Fund Class I5.11%
CPXIX Cohen & Steers Preferred Securities and Income Fund,Inc.Class I4.19%
EMKIX Ashmore Emerging Markets Total Return Fund Institutional Class4.18%
AMFZX 361 Managed Futures Strategy Fund Class I4.18%
KIFYX Forward Select Income Fund Institutional Class4.17%

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