Sierra Tactical All Asset Fund Class I (SIRIX)

23.18
Net Asset Value
-0.13%
1 Day
-1.57%
Year-to-Date
Overall Morningstar Rating
Multisector bond
Style or Category
No Load
Sales Expenses
2.43%
Expense Ratio
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-0.30% 3 years+1.80%
3 months-2.13% 5 years+1.99%
1 year+4.61% Since inception+5.09%
Data through --

Peer Comparisonvs. Multisector bond

 SIRIXCategory
Performance 5-yr return+1.99%+2.93%
Expense ratio2.43%1.08%
Risk 5 year sharpe ratio0.540.74
Net assets$578.6M$2.6B
Average market cap$32.2B$39.5B
Average P/E20.723.5
Portfolio turnover156%156%

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Fund Management and Purchase Info

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

Holdings

Fixed income65.43%
International stock13.20%
U.S. stock12.29%
Cash5.36%
Other3.72%
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
NHMRX Nuveen High Yield Municipal Bond Fund Class I9.76%
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio Class I9.30%
OOSYX Oppenheimer Senior Floating Rate Fund Class Y9.12%
PPSIX Principal Preferred Securities Fund Institutional Class7.94%
HBLIX The Hartford Balanced Income Fund Class I7.41%
PDMYX Putnam Absolute Return 700 Fund Class Y4.88%
TGEIX TCW Emerging Markets Income Fund Class Institutional4.81%
PEBIX PIMCO Emerging Markets Bond Fund Institutional Class4.80%
PHIZX Prudential Muni High Income Fund Class Z4.79%
PDVYX Putnam Diversified Income Trust Class Y4.78%