Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Sierra Core Retirement Fund Class I (SIRIX)

22.71
Net Asset Value
+0.04%
1 Day
+1.11%
Year-to-Date
Overall Morningstar Rating
Multisector bond
Style or Category
No Load
Sales Expenses
2.43%
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-0.44% 3 years+1.65%
3 months+1.24% 5 years+2.25%
1 year+4.50% Since inception+5.18%
Data through --

Peer Comparisonvs. Multisector bond

 SIRIXCategory
Performance 5-yr return+2.25%+4.46%
Expense ratio2.43%1.12%
Risk 5 year sharpe ratio0.731.02
Net assets$474.3M$2.2B
Average market cap$12.6B$14.7B
Average P/E--20.8
Portfolio turnover153%153%

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 / 9 Years
Minimal initial investment$10,000.00
Minimum IRA investment--

Holdings

Fixed income70.83%
Cash15.13%
U.S. stock9.18%
Other4.75%
International stock0.11%
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 Y12.03%
PSDYX Putnam Short Duration Income Fund Class Y11.99%
DBLSX DoubleLine Low Duration Bond Fund Class I9.87%
PHSIX PIMCO High Yield Spectrum Fund Institutional Class7.04%
PPSIX Principal Preferred Securities Fund Institutional Class6.81%
HCOYX Highland Global Allocation Fund Class Y6.29%
HBLIX The Hartford Balanced Income Fund Class I6.01%
PDVYX Putnam Diversified Income Trust Class Y5.06%
HYG iShares iBoxx $ High Yield Corporate Bond ETF5.02%
DBLEX DoubleLine Emerging Markets Fixed Income Fund Class I3.96%