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Morningstar

Sierra Tactical All Asset Inv SIRIX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 22.24  /  0.13 %
  • Total Assets 871.7 Mil
  • Adj. Expense Ratio
    1.700%
  • Expense Ratio 2.470%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Tactical Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Status Open
  • TTM Yield 1.59%
  • Turnover 542%

USD | NAV as of Jan 28, 2023 | 1-Day Return as of Jan 28, 2023, 1:16 AM GMT+00:00

Morningstar’s Analysis SIRIX

Will SIRIX 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 SIRIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SIRIX 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 SIRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Sierra Tactical All Asset Inv earns a Morningstar Quantitative Rating of Negative on the basis of subpar People and Parent Pillar ratings. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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