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Sierra Tactical All Asset Fund Class I (SIRIX)

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


1 month-0.21% 3 years+2.59%
3 months+1.84% 5 years+2.37%
1 year+7.13% Since inception+5.30%
Data through --

Peer Comparisonvs. Multisector bond

Performance 5-yr return+2.37%+3.59%
Expense ratio2.43%1.08%
Risk 5 year sharpe ratio0.720.93
Net assets$508.0M$2.5B
Average market cap$28.4B$30.0B
Average P/E20.717.8
Portfolio turnover153%153%

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Fund Management and Purchase Info

Fund familySierra Trust
Fund manager & tenureKenneth Sleeper / 9 Years
Minimal initial investment$10,000.00
Minimum IRA investment--


Fixed income73.70%
U.S. stock10.96%
International stock8.04%
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
OOSYX Oppenheimer Senior Floating Rate Fund Class Y11.48%
NHMRX Nuveen High Yield Municipal Bond Fund Class I10.00%
PPSIX Principal Preferred Securities Fund Institutional Class7.03%
HBLIX The Hartford Balanced Income Fund Class I6.09%
MGGIX Morgan Stanley Institutional Fund, Inc. Global Opportunity Portfolio Class I5.33%
PDVYX Putnam Diversified Income Trust Class Y5.02%
PHIZX Prudential Muni High Income Fund Class Z5.01%
PEBIX PIMCO Emerging Markets Bond Fund Institutional Class5.00%
TGEIX TCW Emerging Markets Income Fund Class Institutional4.97%
PDMYX Putnam Absolute Return 700 Fund Class Y4.94%