Sierra Core Retirement Fund Class I (SIRIX)

23.62
Net Asset Value
+0.13%
1 Day
+1.68%
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-0.08% 3 years+3.61%
3 months+1.63% 5 years+4.12%
1 year+4.59% Since inception+6.63%
Data through --

Peer Comparisonvs. Multisector bond

 SIRIXCategory
Performance 5-yr return+4.12%+6.57%
Expense ratio2.28%1.11%
Risk 5 year sharpe ratio1.391.37
Net assets$586.0M$2.3B
Average market cap$13.1B$34.3B
Average P/E22.418.3
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 income75.29%
U.S. stock11.13%
Cash7.88%
Other4.10%
International stock1.60%
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 Class7.12%
NERYX Loomis Sayles Core Plus Bond Fund Class Y6.10%
SMMYX Western Asset Managed Municipals Fund Class I5.87%
MMHIX MainStay High Yield Municipal Bond Fund Class I5.83%
PIMIX PIMCO Income Fund Institutional Class5.75%
WYMHX Ivy Municipal High Income Fund Class I5.23%
PDVYX Putnam Diversified Income Trust Class Y4.70%
TGLMX TCW Total Return Bond Fund Class I4.60%
BCOIX Baird Core Plus Bond Fund Class Institutional4.50%
IIBWX Voya Intermediate Bond Fund Class W4.49%

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