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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$22.42

$879 M

0.00%

$0.00

2.47%

Vitals

YTD Return

-4.6%

1 yr return

-4.1%

3 Yr Avg Return

2.0%

5 Yr Avg Return

1.9%

Net Assets

$879 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$22.4
$22.05
$24.37

Expenses

OPERATING FEES

Expense Ratio 2.47%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 159.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Tactical Allocation


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$22.42

$879 M

0.00%

$0.00

2.47%

SIRIX - Profile

Distributions

  • YTD Total Return -4.6%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.68%
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
    Inv
  • 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.


SIRIX - Performance

Return Ranking - Trailing

Period SIRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.6% -34.5% 32.5% 14.34%
1 Yr -4.1% -32.3% 35.7% 41.85%
3 Yr 2.0%* -2.4% 24.0% 91.06%
5 Yr 1.9%* -0.9% 15.2% 92.79%
10 Yr 2.2%* -2.0% 11.5% 96.08%

* Annualized

Return Ranking - Calendar

Period SIRIX Return Category Return Low Category Return High Rank in Category (%)
2021 -2.0% -19.0% 48.3% 73.66%
2020 3.4% -16.5% 52.8% 64.34%
2019 5.0% -10.4% 27.3% 81.86%
2018 -6.3% -29.6% 2.4% 25.57%
2017 4.9% -11.6% 29.4% 76.47%

Total Return Ranking - Trailing

Period SIRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.6% -34.5% 32.5% 12.87%
1 Yr -4.1% -32.3% 35.7% 36.30%
3 Yr 2.0%* -2.5% 24.0% 89.02%
5 Yr 1.9%* -1.4% 15.2% 90.99%
10 Yr 2.2%* -2.0% 11.5% 93.46%

* Annualized

Total Return Ranking - Calendar

Period SIRIX Return Category Return Low Category Return High Rank in Category (%)
2021 -2.0% -19.0% 48.3% 73.28%
2020 3.4% -16.5% 52.8% 64.34%
2019 5.0% -10.4% 27.3% 81.86%
2018 -6.3% -29.6% 2.4% 38.36%
2017 4.9% -5.4% 29.4% 88.24%

NAV & Total Return History


SIRIX - Holdings

Concentration Analysis

SIRIX Category Low Category High SIRIX % Rank
Net Assets 879 M 1.96 M 15.7 B 19.05%
Number of Holdings 36 2 3255 53.48%
Net Assets in Top 10 907 M 349 K 12.1 B 16.12%
Weighting of Top 10 N/A 22.2% 100.0% 60.98%

Top 10 Holdings

  1. First American Government Obligs X 65.18%
  2. PIMCO High Yield Municipal Bond I 5.00%
  3. Nuveen High Yield Municipal Bond I 3.23%
  4. LoCorr Long/Short Commodity Strats I 3.06%
  5. Dodge & Cox Global Stock I 2.98%
  6. AQR Style Premia Alternative I 2.73%
  7. Tortoise MLP & Pipeline Instl 2.07%

Asset Allocation

Weighting Return Low Return High SIRIX % Rank
Cash
49.48% -163.86% 88.88% 9.16%
Bonds
32.56% 0.00% 194.08% 45.05%
Stocks
8.47% 0.00% 238.38% 85.35%
Other
4.95% -72.87% 73.78% 35.16%
Preferred Stocks
4.47% 0.00% 6.21% 3.30%
Convertible Bonds
0.08% 0.00% 8.92% 44.32%

Stock Sector Breakdown

Weighting Return Low Return High SIRIX % Rank
Energy
60.89% 0.00% 60.89% 2.19%
Financial Services
9.19% 0.00% 98.22% 69.30%
Healthcare
7.17% 0.00% 38.63% 80.70%
Utilities
5.88% 0.00% 91.12% 23.25%
Communication Services
5.58% 0.00% 21.61% 52.63%
Technology
3.17% 0.00% 85.77% 88.60%
Industrials
2.83% 0.00% 23.85% 83.77%
Basic Materials
2.06% 0.00% 56.73% 79.39%
Consumer Cyclical
1.89% 0.00% 25.83% 85.96%
Consumer Defense
0.93% 0.00% 37.51% 88.60%
Real Estate
0.40% 0.00% 99.45% 84.65%

Stock Geographic Breakdown

Weighting Return Low Return High SIRIX % Rank
US
6.66% -1.19% 235.84% 84.62%
Non US
1.81% -6.82% 98.11% 58.24%

Bond Sector Breakdown

Weighting Return Low Return High SIRIX % Rank
Cash & Equivalents
61.61% 0.22% 100.00% 33.70%
Government
17.44% 0.00% 99.78% 65.20%
Municipal
8.01% 0.00% 19.13% 2.93%
Derivative
6.45% 0.00% 72.21% 21.98%
Corporate
6.01% 0.00% 98.30% 45.42%
Securitized
0.47% 0.00% 52.99% 39.19%

Bond Geographic Breakdown

Weighting Return Low Return High SIRIX % Rank
US
28.86% -17.22% 123.28% 38.83%
Non US
3.70% -2.67% 70.80% 50.92%

SIRIX - Expenses

Operational Fees

SIRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.47% 0.44% 3.72% 11.03%
Management Fee 1.25% 0.00% 1.50% 93.77%
12b-1 Fee 0.25% 0.00% 1.00% 39.89%
Administrative Fee N/A 0.05% 0.70% 32.91%

Sales Fees

SIRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SIRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

SIRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 159.00% 0.00% 441.00% 71.36%

SIRIX - Distributions

Dividend Yield Analysis

SIRIX Category Low Category High SIRIX % Rank
Dividend Yield 0.00% 0.00% 13.47% 35.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SIRIX Category Low Category High SIRIX % Rank
Net Income Ratio 2.68% -2.12% 13.72% 8.21%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

SIRIX - Fund Manager Analysis

Managers

David Wright


Start Date

Tenure

Tenure Rank

Dec 24, 2007

14.44

14.4%

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.

Kenneth Sleeper


Start Date

Tenure

Tenure Rank

Dec 24, 2007

14.44

14.4%

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.

Douglas Loeffler


Start Date

Tenure

Tenure Rank

Jan 28, 2022

0.34

0.3%

Doug oversees the operations of the Investment Management team and related trading, contributes to portfolio decisions, and supervises analytic research. Doug earned a BA in Economics at Washington State University and an MBA from the University of Chicago Booth School of Business. He is a CFA and CAIA charterholder. Doug has been active in investment management full-time since 1988.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.83 6.55 13.0