SIRAX: Sierra Tactical All Asset A

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SIRAX Sierra Tactical All Asset A


Profile

SIRAX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $684 M
  • Holdings in Top 10 58.2%

52 WEEK LOW AND HIGH

$23.43
$22.28
$23.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.74%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 320.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.83%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Sierra Tactical All Asset Fund
  • Fund Family Name
    Sierra Trust
  • Inception Date
    Dec 24, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kenneth Sleeper

Fund Description

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.


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Categories

Performance

SIRAX - Performance

Return Ranking - Trailing

Period SIRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -55.0% 9.1% 29.55%
1 Yr 0.8% -55.3% 10.9% 33.43%
3 Yr -0.1%* -40.3% 4.9% 38.23%
5 Yr 0.8%* -35.0% 21.0% 31.08%
10 Yr -0.4%* -3.6% 1.2% 66.09%

* Annualized

Return Ranking - Calendar

Period SIRAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -35.1% 11.0% 63.16%
2018 -6.2% -48.0% 0.8% 59.73%
2017 4.8% -14.8% 8.5% 9.78%
2016 1.8% -11.2% 19.1% 77.15%
2015 -5.0% -51.1% 4.0% 39.04%

Total Return Ranking - Trailing

Period SIRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -55.0% 9.1% 29.55%
1 Yr 0.8% -55.3% 6.4% 33.43%
3 Yr -0.1%* -40.3% 3.7% 48.81%
5 Yr 0.8%* -35.0% 21.0% 53.39%
10 Yr -0.4%* -3.6% 5.0% 83.48%

* Annualized

Total Return Ranking - Calendar

Period SIRAX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -35.1% 12.0% 65.33%
2018 -6.2% -48.0% 4.5% 70.47%
2017 4.8% -14.8% 14.0% 30.07%
2016 1.8% -11.2% 22.5% 85.39%
2015 -5.0% -51.1% 4.0% 52.19%

NAV & Total Return History


Holdings

SIRAX - Holdings

Concentration Analysis

SIRAX Category Low Category High SIRAX % Rank
Net Assets 684 M 5 M 126 B 46.65%
Number of Holdings 36 5 7722 92.82%
Net Assets in Top 10 370 M -418 M 29.7 B 29.89%
Weighting of Top 10 58.19% 4.8% 214.0% 12.10%

Top 10 Holdings

  1. Goldman Sachs FS Government Instl 13.18%
  2. MFS Emerging Markets Debt I 6.93%
  3. Cohen & Steers Preferred Sec & Inc I 5.13%
  4. PIMCO International Bond (USD-Hdg) Instl 5.06%
  5. Principal Spectrum Pref&Cptl Scs IncInst 4.95%
  6. Invesco Oppenheimer Rchst HYMncpl Y 4.77%
  7. iShares Core US Aggregate Bond ETF 4.73%
  8. JPMorgan Intermediate Tax Free Bond I 4.70%
  9. Franklin CA Tax Free Income Adv 4.70%
  10. Western Asset Corporate Bond I 4.05%

Asset Allocation

Weighting Return Low Return High SIRAX % Rank
Bonds
73.72% 14.17% 155.51% 92.00%
Stocks
9.56% -0.27% 13.09% 9.14%
Convertible Bonds
6.36% 0.00% 25.18% 6.90%
Cash
6.26% -71.09% 75.97% 37.64%
Preferred Stocks
3.06% 0.00% 39.23% 4.31%
Other
1.05% -8.59% 18.26% 9.20%

Stock Sector Breakdown

Weighting Return Low Return High SIRAX % Rank
Healthcare
38.16% 0.00% 100.00% 9.79%
Financial Services
20.49% 0.00% 100.00% 22.55%
Technology
14.08% 0.00% 29.78% 11.49%
Consumer Cyclical
9.81% 0.00% 100.00% 28.94%
Industrials
5.08% 0.00% 100.00% 22.98%
Communication Services
3.57% 0.00% 100.00% 44.68%
Real Estate
2.34% 0.00% 100.00% 25.53%
Consumer Defense
2.14% 0.00% 23.37% 19.15%
Utilities
1.82% 0.00% 100.00% 31.06%
Basic Materials
1.65% 0.00% 29.64% 22.98%
Energy
0.86% 0.00% 100.00% 40.85%

Stock Geographic Breakdown

Weighting Return Low Return High SIRAX % Rank
US
8.74% -0.33% 12.79% 9.20%
Non US
0.82% 0.00% 2.14% 2.87%

Bond Sector Breakdown

Weighting Return Low Return High SIRAX % Rank
Cash & Equivalents
24.98% 0.02% 84.27% 6.03%
Corporate
22.98% 0.00% 94.51% 82.47%
Government
22.79% 0.00% 99.16% 25.57%
Municipal
13.19% 0.00% 36.37% 2.59%
Derivative
9.05% -0.44% 47.67% 19.54%
Securitized
7.01% 0.00% 99.22% 77.59%

Bond Geographic Breakdown

Weighting Return Low Return High SIRAX % Rank
US
50.16% 13.35% 135.69% 83.62%
Non US
23.56% -16.32% 68.65% 41.09%

Expenses

SIRAX - Expenses

Operational Fees

SIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.06% 24.26% 26.39%
Management Fee 1.25% 0.00% 2.25% 90.61%
12b-1 Fee 0.25% 0.00% 1.00% 21.57%
Administrative Fee N/A 0.04% 0.70% 33.54%

Sales Fees

SIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 1.37%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 320.00% 0.00% 421.00% 95.81%

Distributions

SIRAX - Distributions

Dividend Yield Analysis

SIRAX Category Low Category High SIRAX % Rank
Dividend Yield 0.00% 0.00% 5.81% 20.44%

Dividend Distribution Analysis

SIRAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

SIRAX Category Low Category High SIRAX % Rank
Net Income Ratio 1.83% 0.96% 18.14% 97.38%

Capital Gain Distribution Analysis

SIRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

SIRAX - Fund Manager Analysis

Managers

Kenneth Sleeper


Start Date

Tenure

Tenure Rank

Dec 24, 2007

12.7

12.7%

Dr. Kenneth L. Sleeper, MBA, PhD is Co-Founder, Managing Director, and Co-Portfolio Manager at Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management and has over 31 years of industry experience. He jointly oversees all aspects of the organization’s activities, including asset management, research, and client relationships. With an extensive background in statistical and computer applications, Ken previously focused on advanced risk management, developing and refining computerized techniques for reducing downside risk, before co-founding Sierra in 1987 with David C. Wright. Kenneth earned MBA and PhD degrees from the University of Southern California.

David Wright


Start Date

Tenure

Tenure Rank

Dec 24, 2007

12.7

12.7%

David C. Wright, JD, is Co-Founder, Managing Director, and Co-Portfolio Manager at Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management and has over 31 years of industry experience. He jointly oversees all aspects of the organization’s activities, including portfolio management, research, and client relationships. After 13 years with major Los Angeles law firms, Dave served several years as Director of Technical Research for Bateman Eichler, Hill Richards, Inc., then the largest investment banking firm west of Chicago, before co-founding Sierra in 1987 with Dr. Kenneth L. Sleeper. David earned a JD from University of Chicago and a BS, Civil Engineering, from Swarthmore College. Mr. Wright has served on the Board of the Los Angeles Chapter of AAII since 1984. He has often spoken for AAII and other investor groups, as well as several other professional organizations. Mr. Wright has also been quoted in the national press, such as in Mutual Funds magazine, and on television and radio.

Terri Spath


Start Date

Tenure

Tenure Rank

Jan 29, 2018

2.59

2.6%

Terri Spath is Chief Investment Officer at Sierra Investment Management. She jointly oversees the investment activities of the organization and appears frequently in the financial press.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.32 5.6 5.67