Fund Research for Sierra Core Retirement A (SIRAX)

  • Fund Overview

    Fund Inception Date: Dec 18, 2007
    Category: Moderate Allocation
    Overall Risk: —
    Fund Family: Sierra Trust
    Return Since Inception: 11.47%
    YTD Return: 27.85%
    Yield (TTM): 0.74%
    Net Assets: 10.96 M
    Morningstar Rating: —
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 10/08/2009
    The investment seeks long-term total return. Under normal conditions, the fund invests primarily in a broadly diversified portfolio consisting of open-end and/or closed-end investment companies, including mutual funds and exchange-traded funds ("ETFs"), referred to collectively as "Underlying Funds." It may invest in a broad range of Underlying Funds among various investment categories, including those that invest in domestic and foreign equity securities of various sized companies.

    Stock Holdings


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    Size
    Average Market Cap $13,597.90 M
    Market Capitalization Portfolio
    Giant 41.63%
    Large 33.11%
    Medium 18.74%
    Small 6.08%
    Micro 0.44%

    Bond Holdings


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    Details
    Average Eff Duration 4.8 Yrs
    Average Eff Maturity 11.65 Yrs
    Average Credit Quality BB
    View Fund Portfolio
    Style Box Detail calculations do not include the fund's short positions (if any) Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/2007 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 27.85% 27.71% — — — 11.47%
    +/- Category 4.75% -4.12% — — — —
    +/- Morningstar Moderate Target Risk — — — — 4.76% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 20.25% 20.31% — — — 7.99%
    Quarter (as of 09/30/2009) 20.10% 20.04% — — — 8.31%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 10/08/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 10/08/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 12/18/2007
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 1.04%
    Service 2.48%
    Manufacturing 3.13%
    Bond Quality
    AAA 4.17%
    AA 3.02%
    A 7.34%
    BBB 19.68%
    BB 32.22%
    B 18.63%
    Below B 4.99%
    Not Rated 9.95%

    Asset Allocation

    Short Long Net Assets
    Cash 0.47% 23.21% 22.74%
    Stocks 0.00% 7.03% 7.03%
    Bonds 0.19% 56.82% 56.63%
    Other 0.02% 12.05% 12.03%
    Foreign Stocks
    (as a % of assets)    		 0.00% 5.85% 5.85%
    Data as of 09/30/2009 Data as of 06/30/2009 View Fund Portfolio

    Top 10 Holdings

    Stock Holdings Sector P/E Return as of 10/31/2009 Net Assets
    The stock holdings of SIRAX are not amongst the fund's top 10 holdings.
    Bond & Other Holdings Maturity Date Total Holdings Value of Holdings Net Assets
    + Principal Preferred Securities A — 1.95 M 15.15 M 15.28%
    - Fidelity Floating Rate High Income — 1.41 M 12.59 M 12.70%
    * JHancock2 Floating Rate Income I — 1.3 M 11.38 M 11.48%
    + Rydex Commodities Strategy H — 636,316.00 10.16 M 10.25%
    + Principal High Yield Inst — 1.16 M 8.1 M 8.16%
    * Lord Abbett High Yield Municipal Bond A — 680,647.00 6.94 M 7.00%
    * Pioneer Tax Free Income Y — 730,940.00 6.78 M 6.83%
    * ProFunds Falling US Dollar Investor — 219,338.00 5.88 M 5.93%
    + Calamos High Yield A — 568,837.00 4.82 M 4.86%
    * Fidelity New Markets Income — 344,322.00 4.68 M 4.72%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/25/2009
    All other data as of 06/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial 5.75%
    Deferred —
    Taken from prospectus dated 02/01/2009
    Expense Ratio (based on net assets) 1.75%
    Taken from annual report dated 09/30/2008

  • Fund Management

    Kenneth L. Sleeper
    Start Date: 12/18/2007
    Kenneth L. Sleeper has managed investment capital with Mr. Wright as co-founders and principals of Sierra Investment Management since 1987.
    David C. Wright
    Start Date: 12/18/2007
    Wright transitioned into investment analysis in the mid-1980s and served several years as director of technical research for Bateman Eichler, Hill Richards, Inc. Prior to joining Bateman Eichler, Hill Richards, Inc., he worked 13 years for major Los Angeles law firms. Mr. Wright co-founded Sierra Investment Management, Inc. in 1987. Wright holds degrees in civil engineering and law.