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Morningstar

Sierra Tactical Core Income A SSIZX

Morningstar Medalist Rating
Medalist Rating as of | See Sierra Mutual Funds Investment Hub
  • NAV / 1-Day Return 19.95  /  +0.10 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.720%
  • Expense Ratio 1.720%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 4.21%
  • Effective Duration 4.31 years

USD | NAV as of May 14, 2024 | 1-Day Return as of May 14, 2024, 11:49 PM GMT+0

Morningstar’s Analysis SSIZX

Will SSIZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SSIZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SSIZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SSIZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Sierra Tactical Core Income A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings SSIZX

More SSIZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 61.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
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