Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
Sierra Tactical Municipal Institutional STMEX
- NAV / 1-Day Return 25.36 / +0.12 %
- Total Assets 283.3 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.480%
- Distribution Fee Level High
- Share Class Type Institutional
- Category High Yield Muni
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 2.43%
- Effective Duration 7.84 years
USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 12:05 AM GMT+0
Morningstar’s Analysis STMEX
Will STMEX 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 84.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Nuveen High Yield Municipal Bond I | 16.73 | 47.8 Mil | — |
Invesco National AMT-Free Muni Bd ETF | 10.62 | 30.3 Mil | — |
Nuveen Intermediate Duration Muni Bd I | 10.53 | 30.1 Mil | — |
BlackRock Strategic Muni Opps Instl | 9.94 | 28.4 Mil | — |
JPMorgan National Municipal Income I | 9.53 | 27.2 Mil | — |
Russell Inv Tax-Exempt High Yield Bd S | 6.55 | 18.7 Mil | — |
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETF | 6.24 | 17.8 Mil | — |
VanEck High Yield Muni ETF | 5.71 | 16.3 Mil | — |
iShares National Muni Bond ETF | 5.58 | 16.0 Mil | — |
Vanguard Tax-Exempt Bond ETF | 2.94 | 8.4 Mil | — |