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Trending ETFs

Sierra Tactical All Asset Fund

mutual fund
SIRCX
Payout Change
Pending
Price as of:
$22.74 -0.02 -0.09%
primary theme
Tactical Allocation
SIRCX (Mutual Fund)

Sierra Tactical All Asset Fund

Payout Change
Pending
Price as of:
$22.74 -0.02 -0.09%
primary theme
Tactical Allocation
SIRCX (Mutual Fund)

Sierra Tactical All Asset Fund

Payout Change
Pending
Price as of:
$22.74 -0.02 -0.09%
primary theme
Tactical Allocation

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.74

$655 M

2.29%

$0.52

2.84%

Vitals

YTD Return

4.2%

1 yr return

7.3%

3 Yr Avg Return

-1.1%

5 Yr Avg Return

1.0%

Net Assets

$655 M

Holdings in Top 10

56.8%

52 WEEK LOW AND HIGH

$22.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.84%

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


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.74

$655 M

2.29%

$0.52

2.84%

SIRCX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.92%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Sierra Tactical All Asset Fund
  • Fund Family Name
    Navigator Funds
  • Inception Date
    Feb 05, 2010
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Wright

Fund Description

The Sierra Tactical All Asset Fund is a “fund of funds”. To access a wide variety of underlying asset classes and strategies, the Adviser (defined below) seeks to achieve the Fund’s investment objectives by investing in open-end investment companies (mutual funds) and exchange-traded funds (“ETFs”) (collectively “Underlying Funds”) 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 (each an “Asset Class”).

Underlying Funds include those that invest in:

equity securities (common and preferred stock) of both domestic and foreign companies of various sizes;
fixed-income securities of domestic and foreign corporate and government issuers, without restriction as to maturity or credit quality, including “high yield” securities;
physical commodities, such as crude oil, copper and wheat, through mutual funds and ETFs that invest in commodity-linked derivatives;
currencies and the Dollar Index, and its inverse;
funds that rise in value when interest rates rise; and
money-market instruments.

The Fund defines high yield securities, also known as “junk bonds,” as fixed-income securities rated below investment grade (rated BB+ or lower by S&P or comparably rated by another nationally recognized statistical rating organization (NRSRO)), and if unrated, determined by the Adviser to be of comparable quality.

The Adviser’s multi-asset diversification strategy employs unusually broad diversification across Asset Classes (investment categories), markets, industries and issuers in an effort to limit downside risk as well as to seek opportunities to enhance return. The Adviser constructs the Fund’s portfolio in the following manner: First, the Adviser selects Asset Classes that it believes will respond differently to a variety of economic forces. Second, the Adviser identifies diversified Underlying Funds through which the Fund can participate in each chosen Asset Class. Third, within many Asset Classes, the Adviser attempts to identify Underlying Funds with managers whose history demonstrates an ability to add positive Alpha (above-peer-group-average total return after adjusting for volatility). Where available, the Fund invests in institutional share classes, those with the lowest internal fees for those Underlying Funds. Fourth, the Adviser monitors each Underlying Fund daily, and sells or hedges the Underlying Fund whenever it declines “substantially”, as defined by the Adviser’s proprietary studies of the historic behavior of the Asset Class represented by the Underlying Fund.

The Adviser does not employ a passive “buy and hold,” strategy. As part of its integrated risk-management disciplines, the Adviser monitors each Fund holding daily and applies a trailing stop discipline (a form of sell signal) to each Underlying Fund in the Fund’s portfolio. The Adviser employs a trailing stop discipline which adjusts the sell signal level as the price of a holding rises and is calculated as a percentage or dollar amount below the market price. When the price of a holding decreases by a certain percentage or dollar amount, the Adviser sells the holding in an attempt to protect profits and minimize further impact on the portfolio. A trailing stop discipline is a type of stop calculation managed by the Adviser that rises each day as the price of the underlying security rises, and thus “trails” the price movement. When any Underlying Fund declines in price enough to generate a “Sell signal” the Adviser either sells the Underlying Fund. or hedges by purchasing an inverse Underlying Fund.

The buy and sell disciplines are not designed to attempt to buy at lows or to sell at highs, but to seek to participate in a substantial part of any sustained uptrend in a selected asset class, as well as to step aside during most of any sustained downtrend. The Adviser employs a “reactive” approach, meaning it reacts with discipline to actual reversals in price trends, as distinct from a “predictive” approach to market movements.

The overall asset allocation of the Fund is not fixed. It can and does change significantly over time as the Adviser decides to re-allocate portions of the portfolio in response to trend changes in the U.S. and global economy and in various investment markets. The Adviser may engage in frequent buying and selling of portfolio securities to achieve the Fund’s investment objectives.

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SIRCX - Performance

Return Ranking - Trailing

Period SIRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -1.8% 26.7% 64.22%
1 Yr 7.3% -7.8% 39.2% 70.97%
3 Yr -1.1%* -21.2% 12.2% 73.15%
5 Yr 1.0%* -12.0% 24.0% 96.04%
10 Yr 1.0%* -4.7% 10.1% 95.42%

* Annualized

Return Ranking - Calendar

Period SIRCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -18.9% 60.2% 85.71%
2022 -8.5% -48.5% 0.1% 9.26%
2021 -2.0% -19.0% 48.3% 75.81%
2020 3.2% -16.5% 52.8% 69.76%
2019 5.2% -8.5% 27.3% 80.00%

Total Return Ranking - Trailing

Period SIRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -1.8% 26.7% 64.22%
1 Yr 7.3% -7.8% 39.2% 70.97%
3 Yr -1.1%* -21.2% 12.2% 73.15%
5 Yr 1.0%* -12.0% 24.0% 96.04%
10 Yr 1.0%* -4.7% 10.1% 95.42%

* Annualized

Total Return Ranking - Calendar

Period SIRCX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -11.7% 61.8% 86.64%
2022 -7.5% -48.5% 4.6% 15.74%
2021 -0.7% -14.2% 48.3% 93.02%
2020 4.0% -11.7% 77.4% 77.07%
2019 7.0% -3.9% 28.4% 92.00%

NAV & Total Return History


SIRCX - Holdings

Concentration Analysis

SIRCX Category Low Category High SIRCX % Rank
Net Assets 655 M 1.98 M 13.3 B 28.44%
Number of Holdings 87 3 2550 46.79%
Net Assets in Top 10 371 M 1.37 M 10.3 B 33.94%
Weighting of Top 10 56.79% 21.1% 120.6% 71.10%

Top 10 Holdings

  1. PIMCO-INCOME-INS 8.74%
  2. VANGUARD FTSE ET 6.94%
  3. PIMCO-T/R-INS 6.37%
  4. SCHWB-SP500-SEL 5.44%
  5. PIMCO-I/G CR-INS 5.30%
  6. SPDR BLACKSTONE 5.16%
  7. INVESCO SENIOR L 4.87%
  8. BLKR-STR INC-INS 4.77%
  9. SPDR BLOOMBERG H 4.65%
  10. PIMCO-IN B $-INS 4.56%

Asset Allocation

Weighting Return Low Return High SIRCX % Rank
Stocks
99.82% 0.00% 139.66% 8.26%
Cash
0.18% -33.22% 88.48% 91.28%
Convertible Bonds
0.08% 0.00% 8.92% 46.33%
Preferred Stocks
0.00% -0.07% 5.36% 70.18%
Other
0.00% -29.71% 137.85% 77.98%
Bonds
0.00% 0.00% 106.59% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High SIRCX % Rank
Energy
60.89% 0.00% 60.89% 3.26%
Financial Services
9.19% 0.00% 98.22% 71.20%
Healthcare
7.17% 0.00% 38.63% 79.89%
Utilities
5.88% 0.00% 91.12% 24.46%
Communication Services
5.58% 0.00% 21.61% 53.26%
Technology
3.17% 0.00% 85.77% 89.13%
Industrials
2.83% 0.00% 23.85% 83.15%
Basic Materials
2.06% 0.00% 56.73% 78.26%
Consumer Cyclical
1.89% 0.00% 25.83% 85.87%
Consumer Defense
0.93% 0.00% 37.51% 88.59%
Real Estate
0.40% 0.00% 99.45% 84.24%

Stock Geographic Breakdown

Weighting Return Low Return High SIRCX % Rank
US
99.82% 0.00% 139.66% 8.26%
Non US
0.00% -1.94% 38.99% 71.10%

SIRCX - Expenses

Operational Fees

SIRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.84% 0.49% 10.24% 14.22%
Management Fee 1.25% 0.00% 1.50% 96.79%
12b-1 Fee 1.00% 0.00% 1.00% 93.10%
Administrative Fee N/A 0.05% 0.70% 39.87%

Sales Fees

SIRCX 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% 1.00% N/A

Trading Fees

SIRCX 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.

SIRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 159.00% 1.75% 441.00% 69.71%

SIRCX - Distributions

Dividend Yield Analysis

SIRCX Category Low Category High SIRCX % Rank
Dividend Yield 2.29% 0.00% 24.95% 35.78%

Dividend Distribution Analysis

SIRCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

SIRCX Category Low Category High SIRCX % Rank
Net Income Ratio 1.92% -2.01% 13.72% 17.43%

Capital Gain Distribution Analysis

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

Distributions History

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SIRCX - 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
0.07 33.83 6.67 13.0