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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
7.8%
1 yr return
11.0%
3 Yr Avg Return
1.4%
5 Yr Avg Return
2.0%
Net Assets
$655 M
Holdings in Top 10
63.5%
Expense Ratio 2.09%
Front Load N/A
Deferred Load N/A
Turnover 159.00%
Redemption Fee N/A
Standard (Taxable)
$10,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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 Funds investment objectives by investing in open-end investment companies (mutual funds) and exchange-traded funds (ETFs) (collectively Underlying Funds) using the Advisers multi-asset diversification strategy. The Adviser constructs the Funds 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 Advisers 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 Funds 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 Advisers 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 Funds 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 Funds investment objectives.
Period | SIRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.8% | -2.9% | 28.6% | 73.49% |
1 Yr | 11.0% | 0.3% | 41.3% | 76.74% |
3 Yr | 1.4%* | -18.6% | 13.7% | 70.42% |
5 Yr | 2.0%* | -11.8% | 22.9% | 92.57% |
10 Yr | 2.1%* | -5.2% | 9.4% | 89.78% |
* Annualized
Period | SIRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.2% | -18.9% | 60.2% | 84.58% |
2022 | -8.3% | -48.5% | 0.1% | 7.98% |
2021 | -2.0% | -19.0% | 48.3% | 75.94% |
2020 | 3.4% | -16.5% | 52.8% | 66.34% |
2019 | 5.0% | -8.5% | 26.6% | 82.23% |
Period | SIRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.8% | -2.9% | 28.6% | 73.49% |
1 Yr | 11.0% | 0.3% | 41.3% | 76.74% |
3 Yr | 1.4%* | -18.6% | 13.7% | 70.42% |
5 Yr | 2.0%* | -11.8% | 22.9% | 92.57% |
10 Yr | 2.1%* | -5.2% | 9.4% | 89.78% |
* Annualized
Period | SIRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.0% | -11.7% | 61.8% | 84.11% |
2022 | -6.8% | -48.5% | 4.6% | 11.27% |
2021 | -0.1% | -14.2% | 48.3% | 91.51% |
2020 | 4.8% | -11.7% | 77.4% | 66.83% |
2019 | 7.7% | -3.9% | 28.4% | 85.28% |
SIRIX | Category Low | Category High | SIRIX % Rank | |
---|---|---|---|---|
Net Assets | 655 M | 2.19 M | 12 B | 27.44% |
Number of Holdings | 67 | 2 | 2477 | 47.44% |
Net Assets in Top 10 | 395 M | 1.55 M | 9.57 B | 32.09% |
Weighting of Top 10 | 63.48% | 20.3% | 105.1% | 63.26% |
Weighting | Return Low | Return High | SIRIX % Rank | |
---|---|---|---|---|
Stocks | 99.69% | 0.00% | 133.08% | 6.98% |
Cash | 0.31% | -33.22% | 90.14% | 90.70% |
Convertible Bonds | 0.08% | 0.00% | 8.92% | 45.58% |
Preferred Stocks | 0.00% | -0.16% | 5.36% | 42.33% |
Other | 0.00% | -29.71% | 154.73% | 59.07% |
Bonds | 0.00% | 0.00% | 106.59% | 55.81% |
Weighting | Return Low | Return High | SIRIX % Rank | |
---|---|---|---|---|
Energy | 60.89% | 0.00% | 60.89% | 2.21% |
Financial Services | 9.19% | 0.00% | 98.22% | 70.17% |
Healthcare | 7.17% | 0.00% | 38.63% | 79.01% |
Utilities | 5.88% | 0.00% | 91.12% | 23.76% |
Communication Services | 5.58% | 0.00% | 21.61% | 52.49% |
Technology | 3.17% | 0.00% | 85.77% | 88.40% |
Industrials | 2.83% | 0.00% | 23.85% | 82.32% |
Basic Materials | 2.06% | 0.00% | 56.73% | 77.35% |
Consumer Cyclical | 1.89% | 0.00% | 25.83% | 85.08% |
Consumer Defense | 0.93% | 0.00% | 37.51% | 87.85% |
Real Estate | 0.40% | 0.00% | 99.45% | 82.87% |
Weighting | Return Low | Return High | SIRIX % Rank | |
---|---|---|---|---|
US | 99.69% | 0.00% | 133.08% | 6.98% |
Non US | 0.00% | -1.94% | 37.95% | 48.84% |
SIRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.09% | 0.45% | 10.24% | 35.81% |
Management Fee | 1.25% | 0.00% | 1.50% | 93.95% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 45.07% |
Administrative Fee | N/A | 0.05% | 0.70% | 32.91% |
SIRIX 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 |
SIRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
SIRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 159.00% | 1.75% | 441.00% | 68.60% |
SIRIX | Category Low | Category High | SIRIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.72% | 0.00% | 24.95% | 19.07% |
SIRIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
SIRIX | Category Low | Category High | SIRIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.68% | -2.01% | 13.72% | 9.77% |
SIRIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.157 | OrdinaryDividend |
Mar 27, 2024 | $0.170 | OrdinaryDividend |
Dec 28, 2023 | $0.210 | OrdinaryDividend |
Sep 28, 2023 | $0.158 | OrdinaryDividend |
Jun 29, 2023 | $0.097 | OrdinaryDividend |
Mar 30, 2023 | $0.127 | OrdinaryDividend |
Dec 29, 2022 | $0.223 | OrdinaryDividend |
Sep 29, 2022 | $0.018 | OrdinaryDividend |
Mar 30, 2022 | $0.101 | CapitalGainShortTerm |
Sep 29, 2021 | $0.131 | OrdinaryDividend |
Jun 29, 2021 | $0.265 | OrdinaryDividend |
Mar 30, 2021 | $0.058 | OrdinaryDividend |
Dec 30, 2020 | $0.187 | OrdinaryDividend |
Sep 29, 2020 | $0.077 | OrdinaryDividend |
Jun 29, 2020 | $0.036 | OrdinaryDividend |
Mar 30, 2020 | $0.028 | OrdinaryDividend |
Dec 27, 2019 | $0.209 | OrdinaryDividend |
Dec 27, 2019 | $0.043 | CapitalGainShortTerm |
Sep 27, 2019 | $0.123 | OrdinaryDividend |
Jun 27, 2019 | $0.099 | OrdinaryDividend |
Mar 28, 2019 | $0.109 | OrdinaryDividend |
Dec 27, 2018 | $0.093 | OrdinaryDividend |
Sep 27, 2018 | $0.153 | OrdinaryDividend |
Jun 28, 2018 | $0.117 | OrdinaryDividend |
Mar 28, 2018 | $0.131 | OrdinaryDividend |
Dec 27, 2017 | $0.211 | OrdinaryDividend |
Sep 28, 2017 | $0.116 | OrdinaryDividend |
Jun 29, 2017 | $0.107 | OrdinaryDividend |
Mar 30, 2017 | $0.135 | OrdinaryDividend |
Dec 28, 2016 | $0.169 | OrdinaryDividend |
Sep 29, 2016 | $0.122 | OrdinaryDividend |
Jun 29, 2016 | $0.130 | OrdinaryDividend |
Mar 30, 2016 | $0.062 | OrdinaryDividend |
Dec 29, 2015 | $0.174 | OrdinaryDividend |
Sep 29, 2015 | $0.072 | OrdinaryDividend |
Jun 29, 2015 | $0.116 | OrdinaryDividend |
Mar 30, 2015 | $0.197 | OrdinaryDividend |
Dec 29, 2014 | $0.088 | OrdinaryDividend |
Sep 29, 2014 | $0.104 | OrdinaryDividend |
Jun 27, 2014 | $0.145 | OrdinaryDividend |
Mar 28, 2014 | $0.171 | OrdinaryDividend |
Dec 27, 2013 | $0.533 | OrdinaryDividend |
Dec 27, 2013 | $0.023 | CapitalGainLongTerm |
Jun 27, 2013 | $0.129 | OrdinaryDividend |
Mar 27, 2013 | $0.127 | OrdinaryDividend |
Dec 27, 2012 | $0.256 | OrdinaryDividend |
Sep 27, 2012 | $0.150 | OrdinaryDividend |
Jun 28, 2012 | $0.168 | OrdinaryDividend |
Mar 29, 2012 | $0.156 | OrdinaryDividend |
Dec 29, 2011 | $0.176 | OrdinaryDividend |
Dec 29, 2011 | $0.103 | CapitalGainLongTerm |
Sep 29, 2011 | $0.120 | OrdinaryDividend |
Jun 29, 2011 | $0.227 | OrdinaryDividend |
Mar 30, 2011 | $0.249 | OrdinaryDividend |
Dec 30, 2010 | $0.223 | OrdinaryDividend |
Dec 30, 2010 | $0.375 | CapitalGainShortTerm |
Dec 30, 2010 | $0.466 | CapitalGainLongTerm |
Sep 29, 2010 | $0.176 | OrdinaryDividend |
Jun 30, 2010 | $0.105 | OrdinaryDividend |
Mar 31, 2010 | $0.234 | OrdinaryDividend |
Dec 31, 2009 | $0.344 | OrdinaryDividend |
Dec 22, 2009 | $1.346 | CapitalGainShortTerm |
Dec 22, 2009 | $0.020 | CapitalGainLongTerm |
Sep 30, 2009 | $0.163 | OrdinaryDividend |
Jun 30, 2009 | $0.057 | OrdinaryDividend |
Mar 31, 2009 | $0.116 | OrdinaryDividend |
Dec 31, 2008 | $0.052 | OrdinaryDividend |
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.
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.83 | 6.69 | 13.0 |
Dividend Investing Ideas Center
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