Sierra Core Retirement Fund Class I (SIRIX)

23.50
Net Asset Value
+0.04%
1 Day
+4.17%
Year-to-Date
Overall Morningstar Rating
Multisector bond
Style or Category
No Load
Sales Expenses
2.19%
Expense Ratio
Low
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-0.13% 3 years+3.31%
3 months+1.74% 5 years+6.01%
1 year+5.30% Since inception+6.98%
Data through --

Peer Comparisonvs. Multisector bond

 SIRIXCategory
Performance 5-yr return+6.01%+9.45%
Expense ratio2.19%1.17%
Risk 5 year sharpe ratio1.811.83
Net assets$674.0M$2.4B
Average market cap$3.0B$39.5B
Average P/E--16.5
Portfolio turnover234%234%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familySierra Trust
Fund manager & tenureKenneth Sleeper / 6 Years
Minimal initial investment$10,000.00
Minimum IRA investment$10,000.00

Holdings

Fixed income106.01%
Other2.26%
U.S. stock1.14%
International stock0.85%
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 Institutional7.08%
LAHYX Lord Abbett High Yield I6.63%
NERYX Loomis Sayles Core Plus Bond Y6.31%
ORNAX Oppenheimer Rochester┬« High Yld Muni A6.03%
OMFYX Oppenheimer Rochester┬« AMT-Free Munis Y6.00%
SMMYX Western Asset Managed Municipals I5.91%
PIMIX PIMCO Income Instl5.85%
TGLMX TCW Total Return Bond I5.77%
PFATX PIMCO Fundamental Advtg Abs Ret Strat I5.74%
PDVYX Putnam Diversified Income Y4.91%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.