Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Sierra Tactical Core Income A SSIZX
- NAV / 1-Day Return 20.02 / −0.05 %
- Total Assets 1.6 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.720%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Nontraditional Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 3.88%
- Effective Duration 4.73 years
USD | NAV as of Mar 19, 2024 | 1-Day Return as of Mar 19, 2024, 12:22 AM GMT+0
Morningstar’s Analysis SSIZX
Will SSIZX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 60.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
PIMCO Income Instl | 11.45 | 178.7 Mil | — |
PIMCO Total Return Instl | 8.69 | 135.7 Mil | — |
SPDR® Blmbg High Yield Bd ETF | 7.86 | 122.7 Mil | — |
Nuveen High Yield Municipal Bond I | 7.21 | 112.5 Mil | — |
BlackRock Strategic Income Opps Instl | 6.47 | 101.0 Mil | — |
PIMCO International Bond (USD-Hdg) Instl | 4.76 | 74.3 Mil | — |
iShares iBoxx $ Invmt Grade Corp Bd ETF | 3.91 | 61.1 Mil | — |
BlackRock Systematic Multi-Strat Instl | 3.61 | 56.4 Mil | — |
PIMCO Investment Grade Credit Bond Instl | 3.44 | 53.7 Mil | — |
Metropolitan West Total Return Bd I | 3.03 | 47.4 Mil | — |