SIRJX: Sierra Tactical All Asset I1

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SIRJX Sierra Tactical All Asset I1

  • Fund
  • SIRJX
  • Price as of: Dec 12, 2019
  • $23.44
    - $0.01 - 0.04%

Profile

SIRJX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $561 M
  • Holdings in Top 10 44.7%

52 WEEK LOW AND HIGH

$23.44
$22.19
$23.50

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.88%

SALES FEES

  • Front Load N/A
  • 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 5.4%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.20%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Sierra Tactical All Asset Fund
  • Fund Family Name
    Sierra Trust
  • Inception Date
    Jun 07, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • 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.


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Categories

Performance

SIRJX - Performance

Return Ranking - Trailing

Period SIRJX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -35.1% 13.7% 62.43%
1 Yr 5.3% -6.5% 19.3% 42.60%
3 Yr 1.1%* -11.6% 10.2% 35.40%
5 Yr 0.0%* -20.4% 9.3% 47.74%
10 Yr N/A* -3.6% 8.7% 17.52%

* Annualized

Return Ranking - Calendar

Period SIRJX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.2% -48.0% 0.8% 55.27%
2017 4.9% -14.8% 11.2% 9.72%
2016 1.8% -11.2% 19.1% 76.64%
2015 -5.0% -51.1% -0.7% 34.60%
2014 3.0% -29.8% 5.0% 4.55%

Total Return Ranking - Trailing

Period SIRJX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -35.1% 13.7% 63.91%
1 Yr 5.3% -6.5% 19.3% 53.85%
3 Yr 1.1%* -13.3% 10.2% 61.17%
5 Yr 0.0%* -21.4% 9.3% 65.84%
10 Yr N/A* -3.6% 8.7% 33.58%

* Annualized

Total Return Ranking - Calendar

Period SIRJX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.2% -48.0% 4.8% 66.45%
2017 4.9% -14.8% 14.0% 28.13%
2016 1.8% -11.2% 22.5% 83.21%
2015 -5.0% -51.1% 3.8% 45.15%
2014 3.0% -29.8% 11.7% 19.19%

NAV & Total Return History


Holdings

SIRJX - Holdings

Concentration Analysis

SIRJX Category Low Category High SIRJX % Rank
Net Assets 561 M 6.44 M 132 B 57.51%
Number of Holdings 36 5 7570 91.98%
Net Assets in Top 10 266 M -42.1 B 5.96 B 28.37%
Weighting of Top 10 44.67% 6.6% 410.5% 29.80%

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 SIRJX % Rank
Bonds
62.20% 31.88% 157.00% 95.99%
Cash
15.09% -76.54% 62.04% 11.46%
Stocks
13.92% -25.45% 22.96% 1.43%
Preferred Stocks
3.49% 0.00% 64.36% 7.16%
Convertible Bonds
3.28% 0.00% 11.31% 15.76%
Other
2.01% -55.89% 27.77% 7.74%

Stock Sector Breakdown

Weighting Return Low Return High SIRJX % Rank
Utilities
2.23% -0.04% 5.90% 2.00%
Industrials
2.16% -0.12% 4.62% 2.33%
Real Estate
1.37% -0.04% 2.84% 4.33%
Energy
1.34% 0.00% 5.81% 3.33%
Technology
1.24% -0.29% 4.99% 4.67%
Consumer Cyclical
1.19% -0.14% 4.97% 4.00%
Financial Services
0.90% -0.19% 7.13% 13.00%
Healthcare
0.77% -0.17% 5.08% 7.00%
Consumer Defense
0.42% -0.10% 4.40% 7.33%
Communication Services
0.30% -0.04% 4.45% 9.33%
Basic Materials
0.09% 0.00% 3.33% 16.00%

Stock Geographic Breakdown

Weighting Return Low Return High SIRJX % Rank
US
9.30% -25.45% 22.23% 5.16%
Non US
4.62% 0.00% 4.62% 0.57%

Bond Sector Breakdown

Weighting Return Low Return High SIRJX % Rank
Corporate
32.44% 0.00% 97.25% 79.08%
Municipal
19.06% 0.00% 39.07% 3.15%
Cash & Equivalents
15.12% -76.54% 62.04% 11.46%
Government
9.71% -47.30% 99.34% 60.46%
Securitized
5.98% 0.00% 111.40% 76.50%
Derivative
1.72% -5.84% 43.66% 10.89%

Bond Geographic Breakdown

Weighting Return Low Return High SIRJX % Rank
US
45.74% 14.19% 140.38% 91.69%
Non US
16.46% -13.53% 77.28% 59.60%

Expenses

SIRJX - Expenses

Operational Fees

SIRJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.88% 0.00% 76.93% 21.39%
Management Fee 1.25% 0.00% 2.25% 91.04%
12b-1 Fee 0.40% 0.00% 1.00% 62.79%
Administrative Fee 0.08% 0.00% 0.50% 33.12%

Sales Fees

SIRJX 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

SIRJX 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.

SIRJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 153.00% 2.00% 899.00% 85.33%

Distributions

SIRJX - Distributions

Dividend Yield Analysis

SIRJX Category Low Category High SIRJX % Rank
Dividend Yield 0.79% 0.00% 6.88% 84.03%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SIRJX Category Low Category High SIRJX % Rank
Net Income Ratio 2.20% 0.86% 10.10% 97.29%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SIRJX - 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 5.28 0.92