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Trending ETFs

Sierra Tactical Risk Spectrum 50 Fund

mutual fund
SRFQX
Payout Change
Pending
Price as of:
$24.1 -0.04 -0.17%
primary theme
U.S. Conservative/Balanced Allocation
SRFQX (Mutual Fund)

Sierra Tactical Risk Spectrum 50 Fund

Payout Change
Pending
Price as of:
$24.1 -0.04 -0.17%
primary theme
U.S. Conservative/Balanced Allocation
SRFQX (Mutual Fund)

Sierra Tactical Risk Spectrum 50 Fund

Payout Change
Pending
Price as of:
$24.1 -0.04 -0.17%
primary theme
U.S. Conservative/Balanced 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

$24.10

$373 M

1.63%

$0.39

1.87%

Vitals

YTD Return

6.2%

1 yr return

9.4%

3 Yr Avg Return

0.1%

5 Yr Avg Return

N/A

Net Assets

$373 M

Holdings in Top 10

48.5%

52 WEEK LOW AND HIGH

$24.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.87%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

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

$24.10

$373 M

1.63%

$0.39

1.87%

SRFQX - Profile

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.72%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Sierra Tactical Risk Spectrum 50 Fund
  • Fund Family Name
    Navigator Funds
  • Inception Date
    May 26, 2021
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kenneth Sleeper

Fund Description

The Sierra Tactical Risk Spectrum 50 Fund (the “Fund”) is a “fund of funds”. Ocean Park Asset Management, LLC (the “Adviser”) seeks to achieve the Fund’s investment objective by investing in a combination of unaffiliated mutual funds and exchange traded funds (“ETFs”), (collectively, “Underlying Funds”).

Among the types of underlying instruments in which this Fund will invest, through Underlying Funds, are the following:

U.S. common stocks
Foreign common stocks, including from emerging markets
U.S. fixed income securities
Foreign fixed income securities, including from emerging markets
High yield (or “junk) corporate bonds
Preferred stock
Municipal bonds
Physical commodities, such as crude oil, copper and wheat, through mutual funds and ETFs that invest in commodity-linked derivatives

Under normal market conditions, the Fund’s target exposure over a three-year period to equity securities, of any market capitalization, through the Underlying Funds will average between 30%-50% of the Fund’s assets. The Fund does not have a target allocation for non-equity securities exposure and may invest in underlying fixed income funds without constraint as to maturity or credit quality. The Adviser may make changes in the target allocations across asset classes and fund categories, and the specific Underlying Funds in the Fund’s portfolio that in its view would be in the best interest of the Fund. The Fund considers high-yield corporate bonds (“junk bonds”) to be those that are rated lower than Baa3 by Moody’s Investors Service (“Moody’s”) or lower than BBB- by Standard and Poor’s Rating Group (“S&P”).

The Adviser constructs the Fund’s portfolio by quantitatively analyzing all Underlying Funds to identify those that exhibit the most attractive positive trends and have been given a “buy” signal under the Adviser’s proprietary investment process.

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 loss 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 Adviser may engage in frequent buying and selling of portfolio securities to achieve the Fund’s investment objectives.

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SRFQX - Performance

Return Ranking - Trailing

Period SRFQX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% 0.4% 18.2% 7.29%
1 Yr 9.4% -0.3% 27.6% 30.82%
3 Yr 0.1%* -15.1% 6.4% 65.31%
5 Yr N/A* -0.9% 8.0% N/A
10 Yr N/A* 0.8% 8.5% N/A

* Annualized

Return Ranking - Calendar

Period SRFQX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -1.0% 27.4% 72.94%
2022 -11.3% -35.0% -7.4% 2.38%
2021 N/A -11.5% 14.6% N/A
2020 N/A -10.3% 40.7% N/A
2019 N/A -9.5% 22.1% N/A

Total Return Ranking - Trailing

Period SRFQX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% 0.4% 18.2% 7.29%
1 Yr 9.4% -0.3% 27.6% 30.82%
3 Yr 0.1%* -15.1% 6.4% 65.31%
5 Yr N/A* -0.9% 8.0% N/A
10 Yr N/A* 0.8% 8.5% N/A

* Annualized

Total Return Ranking - Calendar

Period SRFQX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% 2.6% 28.2% 90.35%
2022 -10.0% -35.0% -3.1% 20.95%
2021 N/A -11.5% 32.0% N/A
2020 N/A -5.4% 40.7% N/A
2019 N/A 4.5% 27.7% N/A

NAV & Total Return History


SRFQX - Holdings

Concentration Analysis

SRFQX Category Low Category High SRFQX % Rank
Net Assets 373 M 244 K 50.8 B 56.10%
Number of Holdings 75 2 4020 35.45%
Net Assets in Top 10 178 M 261 K 10.1 B 61.97%
Weighting of Top 10 48.46% 6.4% 127.7% 69.48%

Top 10 Holdings

  1. SCHWB-SP500-SEL 10.62%
  2. VANGUARD FTSE ET 7.42%
  3. PIMCO-INCOME-INS 5.57%
  4. PIMCO-I/G CR-INS 4.10%
  5. JPM-L/C GROW-I 3.91%
  6. INVESCO QQQ TRUS 3.70%
  7. VANGUARD GRW ETF 3.67%
  8. PIMCO-T/R-INS 3.50%
  9. ISHARES MSCI USA 3.00%
  10. JPM NSD EQY PRE 2.97%

Asset Allocation

Weighting Return Low Return High SRFQX % Rank
Stocks
99.76% 0.00% 100.48% 23.71%
Cash
0.24% -35.68% 27.77% 70.66%
Convertible Bonds
0.04% 0.00% 71.77% 96.45%
Preferred Stocks
0.00% 0.00% 21.95% 61.97%
Other
0.00% -0.27% 62.24% 67.84%
Bonds
0.00% 0.00% 80.16% 71.13%

Stock Sector Breakdown

Weighting Return Low Return High SRFQX % Rank
Energy
62.93% 0.00% 62.93% 0.24%
Financial Services
9.54% 0.00% 83.50% 93.56%
Healthcare
7.60% 0.00% 24.25% 95.23%
Communication Services
6.03% 0.00% 11.11% 62.29%
Technology
3.42% 0.22% 27.92% 96.66%
Industrials
2.59% 0.14% 17.90% 97.37%
Utilities
2.50% 0.00% 48.33% 79.71%
Basic Materials
2.06% 0.00% 32.82% 96.42%
Consumer Cyclical
1.89% 0.00% 14.20% 93.79%
Consumer Defense
1.00% 0.00% 18.62% 98.33%
Real Estate
0.44% 0.00% 43.16% 98.33%

Stock Geographic Breakdown

Weighting Return Low Return High SRFQX % Rank
US
99.76% 0.00% 100.48% 23.71%
Non US
0.00% 0.00% 23.57% 65.02%

SRFQX - Expenses

Operational Fees

SRFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.87% 0.06% 21.26% 7.75%
Management Fee 1.05% 0.00% 1.25% 99.06%
12b-1 Fee 0.25% 0.00% 1.00% 33.33%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

SRFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 5.75% 82.35%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SRFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

SRFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 380.00% 42.74%

SRFQX - Distributions

Dividend Yield Analysis

SRFQX Category Low Category High SRFQX % Rank
Dividend Yield 1.63% 0.00% 7.99% 67.84%

Dividend Distribution Analysis

SRFQX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

SRFQX Category Low Category High SRFQX % Rank
Net Income Ratio 2.72% -1.22% 6.83% 19.52%

Capital Gain Distribution Analysis

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

Distributions History

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SRFQX - Fund Manager Analysis

Managers

Kenneth Sleeper


Start Date

Tenure

Tenure Rank

May 26, 2021

1.01

1.0%

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.

Marshall Quan


Start Date

Tenure

Tenure Rank

Jan 28, 2022

0.34

0.3%

Mr. Quan is Lead Portfolio Analyst at Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management. He joined Sierra in 1999 and is responsible for investment monitoring & analysis, securities screening execution & reporting, technical analysis and portfolio construction among other investment management and operational duties. Marshall earned his BS degree in Business Administration: Classical Management – Finance from Cal State University at Dominguez Hills.

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
0.09 28.73 6.41 2.41