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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-0.34% 3 years+2.51%
3 months+0.27% 5 years+2.75%
1 year+4.92% Since inception+5.48%
Data through --

Peer Comparisonvs. Multisector bond

Performance 5-yr return+2.75%+5.31%
Expense ratio2.31%1.13%
Risk 5 year sharpe ratio0.921.19
Net assets$469.0M$2.1B
Average market cap$11.3B$16.1B
Average P/E25.221.3
Portfolio turnover131%131%

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Fund Management and Purchase Info

Fund familySierra Trust
Fund manager & tenureKenneth Sleeper / 8 Years
Minimal initial investment$10,000.00
Minimum IRA investment--


Fixed income79.21%
U.S. stock5.06%
International stock2.48%
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
AGDYX AB High Income Fund Advisor Class9.42%
WYMHX Ivy Municipal High Income Fund Class I8.57%
SMMYX Western Asset Managed Municipals Fund Class I8.14%
PEBIX PIMCO Emerging Markets Bond Fund Institutional Class7.08%
ORNYX Oppenheimer Rochester® High YieldMunicipal Fund Class Y6.26%
PPSIX Principal Preferred Securities Fund Institutional Class5.86%
TOLIX Deutsche Global Infrastructure Fund Institutional Class5.50%
MMHIX MainStay High Yield Municipal Bond Fund Class I5.41%
DBLTX DoubleLine Total Return Bond Fund Class I5.32%
TGLMX TCW Total Return Bond Fund Class I4.89%