Sierra Tactical Bond Program (S:0P0001N7BR)
12.48
+0.12
(+1.00%)
USD |
Mar 31 2024
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
| Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
|---|---|---|---|
| Upgrade | Upgrade | Upgrade | Upgrade |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| We apply our time-tested risk management disciplines to managing a portfolio of three uncorrelated asset classes: 1. High Yield Corporate Bonds (to capture trends in risk-on environments) 2. U.S. Treasuries (during flight to quality) 3. Cash (to preserve capital) |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Small Cap/Value |
| Fixed Income Style | Low Quality/Limited Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Sierra Investment Management Inc |
| Prospectus Benchmark Index | |
| Bloomberg Barclays US Aggregate Index | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Kenneth Sleeper | 6.42 yrs |
| Douglas Loeffler | 3.17 yrs |
| Marshall Quan | 2.67 yrs |
| Ryan Harder | 1.42 yrs |
Annual Total Returns Versus Peers
As of March 31, 2024.
Asset Allocation
Top 7 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Sierra Tactical Bond Instl | 49.72% | 26.10 | -0.31% |
| Rydex High Yield Strategy H | 10.21% | 121.81 | -0.35% |
| BlackRock High Yield Bond Instl | 10.08% | 7.02 | -0.28% |
| Principal High Yield Inst | 10.01% | 6.65 | -0.30% |
| PIMCO High Yield Instl | 9.99% | 7.93 | -0.25% |
| Osterweis Strategic Income | 9.96% | 11.18 | -0.09% |
| TD Canadian Money Market - A | 0.03% | 10.00 | 0.00% |
Fees & Availability
| Fees | |
| Negotiable Fee | No |
| Administrative Fee | -- |
| Maximum Management Fee | Upgrade |
| Prospectus Custodian Fee | -- |
| Trustee Fee | -- |
| Purchase Details | |
| Open to New Investors |
|
| Open to Existing Investors |
|
| Minimum Initial Investment | -- |
| Minimum Subsequent Investment | -- |
Basic Info
| Investment Strategy | |
| We apply our time-tested risk management disciplines to managing a portfolio of three uncorrelated asset classes: 1. High Yield Corporate Bonds (to capture trends in risk-on environments) 2. U.S. Treasuries (during flight to quality) 3. Cash (to preserve capital) |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Small Cap/Value |
| Fixed Income Style | Low Quality/Limited Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Sierra Investment Management Inc |
| Prospectus Benchmark Index | |
| Bloomberg Barclays US Aggregate Index | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Kenneth Sleeper | 6.42 yrs |
| Douglas Loeffler | 3.17 yrs |
| Marshall Quan | 2.67 yrs |
| Ryan Harder | 1.42 yrs |
Fundamentals
Fund Details
| Key Dates | |
| Inception Date | 1/2/2018 |
| Last Annual Report Date | 12/31/2020 |
| Last Prospectus Date | -- |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |