Sierra Core Retirement 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+2.07% 3 years+3.97%
3 months+2.41% 5 years+4.30%
1 year+6.28% Since inception+6.40%
Data through --

Peer Comparisonvs. Multisector bond

Performance 5-yr return+4.30%+6.57%
Expense ratio2.28%1.11%
Risk 5 year sharpe ratio1.371.38
Net assets$599.5M$2.4B
Average market cap$13.1B$33.6B
Average P/E22.418.8
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


Fixed income75.29%
U.S. stock11.13%
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 Institutional7.12%
NERYX Loomis Sayles Core Plus Bond Y6.10%
SMMYX Western Asset Managed Municipals I5.87%
MMHIX MainStay High Yield Municipal Bond I5.83%
PIMIX PIMCO Income Instl5.75%
WYMHX Ivy Municipal High Income I5.23%
PDVYX Putnam Diversified Income Y4.70%
TGLMX TCW Total Return Bond I4.60%
BCOIX Baird Core Plus Bond Inst4.50%
IIBWX Voya Intermediate Bond W4.49%

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