Sierra High Yield Corporate Bond Program (S:0P0001NDF6)
11.97
+0.14
(+1.17%)
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 | |
The Sierra High Yield Corporate Bond Program seeks to produce satisfying long-term returns while limiting downside risk. Returns are created from interest income as well as increases in bond prices. |
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 | High Yield Bond |
Category Index | ICE BofA US High Yield TR USD |
Global Category Name | US Fixed Income |
YCharts Categorization | US Fixed Income |
YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
Fund Owner Firm Name | Sierra Investment Management Inc |
Broad Asset Class Benchmark Index | |
^BBUSATR | 100.0% |
Manager Tenure | |
Kenneth Sleeper | 6.42 yrs |
Douglas Loeffler | 2.17 yrs |
Marshall Quan | 2.17 yrs |
Annual Total Returns Versus Peers
As of March 31, 2024.
Asset Allocation
Top 8 Holdings
Name | % Weight | Price | % Change |
---|---|---|---|
BlackRock High Yield Bond Instl | 20.54% | 7.01 | -0.28% |
PIMCO High Yield Instl | 19.85% | 7.92 | -0.13% |
Rydex High Yield Strategy H | 19.66% | 121.40 | -0.17% |
Access Flex High Yield ProFund Inv | 15.09% | 29.72 | -2.04% |
Payden High Income | 13.98% | 6.25 | -0.16% |
PIMCO High Yield Spectrum Instl | 5.97% | 9.00 | -0.11% |
Credit Suisse Strategic Income I | 4.90% | 9.48 | 0.00% |
TD Canadian Money Market - A | 0.00% | 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 | |
The Sierra High Yield Corporate Bond Program seeks to produce satisfying long-term returns while limiting downside risk. Returns are created from interest income as well as increases in bond prices. |
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 | High Yield Bond |
Category Index | ICE BofA US High Yield TR USD |
Global Category Name | US Fixed Income |
YCharts Categorization | US Fixed Income |
YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
Fund Owner Firm Name | Sierra Investment Management Inc |
Broad Asset Class Benchmark Index | |
^BBUSATR | 100.0% |
Manager Tenure | |
Kenneth Sleeper | 6.42 yrs |
Douglas Loeffler | 2.17 yrs |
Marshall Quan | 2.17 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 |