SIRAX: Sierra Tactical All Asset A

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

SIRAX Sierra Tactical All Asset A

  • Fund
  • SIRAX
  • Price as of: Dec 06, 2019
  • $23.25
    + $0.04 + 0.17%

Profile

SIRAX - Profile

Vitals

  • YTD Return 5.2%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $561 M
  • Holdings in Top 10 44.7%

52 WEEK LOW AND HIGH

$23.25
$22.06
$23.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.73%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 153.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000
  • IRA $10,000

Fund Classification

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

Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.52%
DIVIDENDS
  • Dividend Yield 0.9%
  • 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 L. 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.


Get Updates About SIRAX

Sign up for Advisor Access to receive email updates about SIRAX competitors, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Categories

Performance

SIRAX - Performance

Return Ranking - Trailing

Period SIRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -25.8% 15.2% 62.72%
1 Yr 5.0% -6.7% 12.7% 43.62%
3 Yr 1.0%* -11.6% 6.9% 34.59%
5 Yr -0.1%* -20.4% 9.3% 40.41%
10 Yr -0.5%* -3.6% 8.7% 88.28%

* Annualized

Return Ranking - Calendar

Period SIRAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.2% -48.0% 0.8% 56.23%
2017 4.8% -14.8% 11.2% 11.11%
2016 1.8% -11.2% 19.1% 75.18%
2015 -5.0% -51.1% -0.7% 35.44%
2014 3.0% -29.8% 5.0% 4.06%

Total Return Ranking - Trailing

Period SIRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -25.8% 15.2% 64.50%
1 Yr 5.0% -6.7% 12.7% 54.90%
3 Yr 1.0%* -13.3% 8.9% 61.30%
5 Yr -0.1%* -21.4% 9.3% 62.45%
10 Yr -0.5%* -3.6% 8.7% 89.84%

* Annualized

Total Return Ranking - Calendar

Period SIRAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.2% -48.0% 4.8% 67.41%
2017 4.8% -14.8% 14.0% 30.21%
2016 1.8% -11.2% 22.5% 82.85%
2015 -5.0% -51.1% 3.8% 47.26%
2014 3.0% -29.8% 11.7% 18.78%

NAV & Total Return History


Holdings

SIRAX - Holdings

Concentration Analysis

SIRAX Category Low Category High SIRAX % Rank
Net Assets 561 M 6.44 M 132 B 58.36%
Number of Holdings 36 5 7570 91.81%
Net Assets in Top 10 266 M -42.1 B 5.96 B 27.78%
Weighting of Top 10 44.67% 6.6% 410.5% 29.53%

Top 10 Holdings

  1. Cohen & Steers Preferred Sec & Inc I 5.36%
  2. Nuveen High Yield Municipal Bond I 5.00%
  3. PIMCO High Yield Instl 4.96%
  4. Neuberger Berman High Income Bond Instl 4.96%
  5. TIAA-CREF High-Yield Inst 4.94%
  6. BlackRock Strategic Muni Opps Instl 4.74%
  7. PGIM Muni High Income Z 4.44%
  8. Nuveen Preferred Secs & Inc I 3.84%
  9. AlphaCentric Income Opportunities I 3.25%
  10. PIMCO International Bond (USD-Hdg) Instl 3.17%

Asset Allocation

Weighting Return Low Return High SIRAX % Rank
Bonds
62.20% 31.88% 157.00% 96.20%
Cash
15.09% -76.54% 62.04% 11.99%
Stocks
13.92% -25.45% 22.96% 1.75%
Preferred Stocks
3.49% 0.00% 64.36% 10.53%
Convertible Bonds
3.28% 0.00% 11.31% 16.37%
Other
2.01% -55.89% 27.77% 8.19%

Stock Sector Breakdown

Weighting Return Low Return High SIRAX % Rank
Utilities
2.23% -0.04% 5.90% 2.33%
Industrials
2.16% -0.12% 4.62% 2.67%
Real Estate
1.37% -0.04% 3.00% 5.00%
Energy
1.34% 0.00% 5.81% 3.67%
Technology
1.24% -0.29% 4.99% 5.00%
Consumer Cyclical
1.19% -0.14% 4.97% 4.33%
Financial Services
0.90% -0.19% 7.13% 13.33%
Healthcare
0.77% -0.17% 5.08% 7.33%
Consumer Defense
0.42% -0.10% 4.40% 8.00%
Communication Services
0.30% -0.04% 4.45% 9.67%
Basic Materials
0.09% 0.00% 3.33% 16.00%

Stock Geographic Breakdown

Weighting Return Low Return High SIRAX % Rank
US
9.30% -25.45% 22.23% 5.56%
Non US
4.62% 0.00% 4.62% 0.88%

Bond Sector Breakdown

Weighting Return Low Return High SIRAX % Rank
Corporate
32.44% 0.00% 97.25% 80.99%
Municipal
19.06% 0.00% 39.07% 3.51%
Cash & Equivalents
15.12% -76.54% 62.04% 11.99%
Government
9.71% -47.30% 99.34% 59.36%
Securitized
5.98% 0.00% 111.40% 76.61%
Derivative
1.72% -4.82% 43.66% 11.40%

Bond Geographic Breakdown

Weighting Return Low Return High SIRAX % Rank
US
45.74% 14.19% 140.38% 91.23%
Non US
16.46% -13.53% 77.28% 59.94%

Expenses

SIRAX - Expenses

Operational Fees

SIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.00% 76.93% 28.61%
Management Fee 1.25% 0.00% 2.25% 92.05%
12b-1 Fee 0.25% 0.00% 1.00% 31.92%
Administrative Fee 0.08% 0.00% 0.50% 32.48%

Sales Fees

SIRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 4.35%
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 0.00% 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 153.00% 2.00% 899.00% 85.63%

Distributions

SIRAX - Distributions

Dividend Yield Analysis

SIRAX Category Low Category High SIRAX % Rank
Dividend Yield 0.87% 0.00% 6.86% 83.24%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SIRAX Category Low Category High SIRAX % Rank
Net Income Ratio 2.52% 0.87% 10.10% 94.28%

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 L. Sleeper


Start Date

Tenure

Tenure Rank

Dec 24, 2007

11.94

11.9%

With extensive background in statistical and computer applications, Dr. Sleeper has focused on risk management, developing and refining computerized techniques for timing bond and equity mutual funds. Dr. Sleeper has extensive managerial experience and was responsible for managing educational programs with budgets in excess of several hundred million dollars. Dr. Sleeper writes and speaks on various investment topics and can be seen regularly on KJLA TV, a financial news station in Los Angeles. Dr. Sleeper has been a guest speaker and panel participant at the Charles Schwab and First Trust/DATAlynx conferences for investment advisors. Dr. Sleeper currently serves on the First Trust/DATAlynx advisory board. He has an earned MBA and Ph.D. degrees from the University of Southern California. With extensive background in statistical and computer applications, Dr. Sleeper has focused on risk management, developing and refining computerized techniques for timing bond and equity mutual funds. Dr. Sleeper has extensive managerial experience and was responsible for managing educational programs with budgets in excess of several hundred million dollars. Dr. Sleeper writes and speaks on various investment topics and can be seen regularly on KJLA TV, a financial news station in Los Angeles. Dr. Sleeper has been a guest speaker and panel participant at the Charles Schwab and First Trust/DATAlynx conferences for investment advisors. Dr. Sleeper currently serves on the First Trust/DATAlynx advisory board. He has an earned MBA and Ph.D. degrees from the University of Southern California.

David C. Wright


Start Date

Tenure

Tenure Rank

Dec 24, 2007

11.94

11.9%

Mr. Wright holds a bachelor’s degree in Civil Engineering and a law degree. He served for several years as the head of quantitative research for a large brokerage firm, and organized an investment management group there. Mr. Wright and Dr. Sleeper set up an independent investment management company in 1987, that has grown to over $1.6 billion under management. 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

1.84

1.8%

Ms. Spath has been employed as Chief Investment Officer with Sierra since 2015. Prior to joining Sierra, she was employed by Mercer Advisors as Deputy Chief Investment Officer. Her previous roles have included portfolio management and analyst responsibilities at Franklin Templeton, Fidelity Investment and RSF Capital Management. Ms. Spath has published and spoken on a wide range of investment topics for both public and professional audiences.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.56 5.34 0.92