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.
Sierra Tactical Bond Instl STBJX
- NAV / 1-Day Return 25.94 / +0.27 %
- Total Assets 1.8 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.680%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Nontraditional Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 5.01%
- Effective Duration 3.06 years
USD | NAV as of Apr 27, 2024 | 1-Day Return as of Apr 27, 2024, 12:03 AM GMT+0
Morningstar’s Analysis STBJX
Will STBJX 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 91.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
BlackRock High Yield Bond Instl | 26.47 | 475.0 Mil | — |
SPDR® Blmbg High Yield Bd ETF | 14.95 | 268.2 Mil | — |
iShares Broad USD High Yield Corp Bd ETF | 10.22 | 183.3 Mil | — |
iShares iBoxx $ High Yield Corp Bd ETF | 10.19 | 182.9 Mil | — |
SPDR® Blmbg ST HY Bd ETF | 7.40 | 132.8 Mil | — |
Osterweis Strategic Income | 6.98 | 125.3 Mil | — |
Xtrackers USD High Yield Corp Bd ETF | 4.38 | 78.5 Mil | — |
iShares 0-5 Year High Yield Corp Bd ETF | 3.86 | 69.3 Mil | — |
City National Rochdale Fxd Inc Opps N | 3.69 | 66.2 Mil | — |
SPDR® Portfolio High Yield Bond ETF | 3.23 | 58.0 Mil | — |