Address And Details

3420 Ocean Park Blvd., Suite 3060 , Santa Monica, CA 80405
Fund Manager Kenneth L. Sleeper
Manager Tenure 9 Years 9 Months

Strategy And Objective

The Funds two investment objectives are to provide total return (with income contributing a significant part) and to limit volatility and downside risk. o access a wide variety of underlying asset classes and special strategies of unaffiliated mutual funds, the Sierra Tactical Core Income Fund invests in (1) open-end investment companies (mutual funds) and (2) exchange-traded funds (ETFs). The Adviser seeks to achieve the Funds investment objectives by investing primarily in Underlying Funds that in turn invest in a wide variety of fixed-income instruments of any maturity,including domestic and foreign bonds, some of which are hedged against currency risk, funds that are designed to have returns that are inverse to the 10-year U.S. Treasury note or the 30-year U.S. Treasury bond, as well as real estate investment trusts (REIT) and other income-generating underlying assets. The Fund invests in Underlying Funds without restriction as to issuer credit quality (including high-yield or junk bonds), capitalization, country or the individual security maturity of the securities held by the Underlying Funds.

Net Asset Value

as of 7:37 PM ET 09/17/2021


  • 1 Week
  • +0.09%
  • 1 Month
  • +0.18%
  • 3 Months
  • -0.05%
  • 1 Yr Return
  • +1.90%
  • 5 Yr Return
  • +4.16%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 86.04%
Cash 13.96%
Stocks 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.58 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 1.35 1.63 n/a
Beta 0.51 0.54 n/a
R Squared 0.21 0.28 n/a
Std Deviation 3.90 3.30 n/a
Sharpe Ratio 0.93 0.83 n/a

Purchase Information

as of 7:23 PM ET 09/16/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +4.93%
  • +7.52%
+4.93% +7.52%
3 Year
  • +4.64%
  • +4.76%
+4.64% +4.76%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +4.35%
  • +4.34%
+4.35% +4.34%

Top 10 Holdings

Symbol Company Name % Of Assets


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