SIRCX: Sierra Tactical All Asset C

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SIRCX Sierra Tactical All Asset C


Profile

SIRCX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $636 M
  • Holdings in Top 10 62.4%

52 WEEK LOW AND HIGH

$23.64
$22.45
$24.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.49%

SALES FEES

  • Front Load N/A
  • 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 0.9%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.07%
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
    Feb 05, 2010
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Wright

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

SIRCX - Performance

Return Ranking - Trailing

Period SIRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -55.0% 8.4% 24.93%
1 Yr 1.0% -55.3% 10.9% 31.61%
3 Yr 0.3%* -38.1% 4.9% 24.01%
5 Yr 0.6%* -32.8% 17.9% 24.05%
10 Yr -0.2%* -5.4% 0.8% 62.99%

* Annualized

Return Ranking - Calendar

Period SIRCX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -35.1% 15.3% 58.98%
2018 -6.3% -48.0% 0.8% 57.10%
2017 4.9% -14.8% 11.2% 11.11%
2016 1.8% -11.2% 19.1% 73.12%
2015 -5.0% -51.1% 4.0% 36.25%

Total Return Ranking - Trailing

Period SIRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -55.0% 8.4% 24.93%
1 Yr 1.0% -55.3% 7.0% 31.61%
3 Yr 0.3%* -38.1% 3.7% 38.49%
5 Yr 0.6%* -32.8% 17.9% 47.33%
10 Yr -0.2%* -5.4% 5.2% 77.95%

* Annualized

Total Return Ranking - Calendar

Period SIRCX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -35.1% 15.3% 60.78%
2018 -6.3% -48.0% 4.8% 67.42%
2017 4.9% -14.8% 14.0% 29.86%
2016 1.8% -11.2% 22.5% 82.08%
2015 -5.0% -51.1% 4.0% 47.08%

NAV & Total Return History


Holdings

SIRCX - Holdings

Concentration Analysis

SIRCX Category Low Category High SIRCX % Rank
Net Assets 636 M 6.88 M 120 B 48.30%
Number of Holdings 20 6 7819 96.68%
Net Assets in Top 10 366 M -383 M 5.73 B 28.53%
Weighting of Top 10 62.44% 5.8% 214.0% 10.98%

Top 10 Holdings

  1. iShares 7-10 Year Treasury Bond ETF 15.13%
  2. iShares National Muni Bond ETF 11.25%
  3. iShares 20+ Year Treasury Bond ETF 10.13%
  4. iShares Core US Aggregate Bond ETF 5.01%
  5. JPMorgan Intermediate Tax Free Bond I 4.97%
  6. Franklin CA Tax Free Income Adv 4.95%
  7. Merger Investor 4.01%
  8. Abbey Capital Futures Strategy I 2.97%
  9. iShares MBS ETF 2.05%
  10. Arbitrage I 1.98%

Asset Allocation

Weighting Return Low Return High SIRCX % Rank
Bonds
57.16% 9.56% 236.60% 98.35%
Cash
36.32% -144.73% 71.68% 4.16%
Stocks
4.11% -43.86% 13.07% 14.33%
Other
2.36% -8.59% 30.55% 8.59%
Convertible Bonds
0.06% 0.00% 15.09% 80.89%
Preferred Stocks
0.00% 0.00% 79.92% 82.83%

Stock Sector Breakdown

Weighting Return Low Return High SIRCX % Rank
Financial Services
26.69% 0.00% 100.00% 21.14%
Technology
23.66% 0.00% 49.86% 8.94%
Consumer Cyclical
17.63% 0.00% 100.00% 19.92%
Healthcare
9.83% 0.00% 72.73% 25.20%
Industrials
7.02% 0.00% 99.46% 13.82%
Real Estate
3.82% 0.00% 100.00% 24.39%
Communication Services
3.64% 0.00% 100.00% 47.15%
Utilities
3.52% 0.00% 100.00% 30.89%
Energy
2.54% 0.00% 100.00% 36.99%
Consumer Defense
1.33% 0.00% 30.61% 18.29%
Basic Materials
0.30% 0.00% 100.00% 28.05%

Stock Geographic Breakdown

Weighting Return Low Return High SIRCX % Rank
US
3.69% -43.86% 12.79% 14.13%
Non US
0.42% 0.00% 2.06% 10.25%

Bond Sector Breakdown

Weighting Return Low Return High SIRCX % Rank
Cash & Equivalents
42.49% 0.12% 45.23% 1.94%
Government
30.29% 0.00% 99.16% 22.44%
Municipal
19.92% 0.00% 35.72% 2.77%
Securitized
3.42% 0.00% 98.46% 88.37%
Derivative
2.10% -0.44% 44.94% 33.80%
Corporate
1.78% 0.00% 93.55% 93.07%

Bond Geographic Breakdown

Weighting Return Low Return High SIRCX % Rank
US
56.18% 5.88% 236.16% 79.78%
Non US
0.98% -19.98% 68.94% 95.01%

Expenses

SIRCX - Expenses

Operational Fees

SIRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.49% 0.06% 24.26% 13.76%
Management Fee 1.25% 0.00% 2.25% 92.97%
12b-1 Fee 1.00% 0.00% 1.00% 89.00%
Administrative Fee N/A 0.01% 0.70% 39.87%

Sales Fees

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

Trading Fees

SIRCX 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.

SIRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 320.00% 0.00% 421.00% 97.11%

Distributions

SIRCX - Distributions

Dividend Yield Analysis

SIRCX Category Low Category High SIRCX % Rank
Dividend Yield 0.00% 0.00% 5.80% 57.41%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SIRCX Category Low Category High SIRCX % Rank
Net Income Ratio 1.07% 1.07% 18.14% 100.00%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SIRCX - Fund Manager Analysis

Managers

David Wright


Start Date

Tenure

Tenure Rank

Dec 24, 2007

12.53

12.5%

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.

Kenneth Sleeper


Start Date

Tenure

Tenure Rank

Dec 24, 2007

12.53

12.5%

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.

Terri Spath


Start Date

Tenure

Tenure Rank

Jan 29, 2018

2.42

2.4%

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
0.16 29.15 5.76 5.5