Sierra Tactical All Asset Fund (SIRIX)
The fund is a "fund of funds". The Adviser seeks to achieve the fund's investment objectives by investing in (1) open-end investment companies (mutual funds), (2) exchange-traded funds ("ETFs"), and (3) closed-end investment companies using the Adviser's multi-asset diversification strategy. The Adviser constructs the fund's broadly-diversified investment portfolio by investing at various times in a wide range of underlying funds that invest in various security and investment categories.
Fund Info
US66537T5627
66537T562
Dec 23, 2007
$10,000
Large-Cap
Blend
Expense Ratio
SIRIX has a high expense ratio of 1.70%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Sierra Tactical All Asset Fund (SIRIX) returned -2.79% year-to-date (YTD) and -1.02% over the past 12 months. Over the past 10 years, SIRIX returned 1.56% annually, underperforming the S&P 500 benchmark at 10.84%.
SIRIX
-2.79%
1.18%
-5.19%
-1.02%
0.52%
1.07%
1.56%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of SIRIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.84% | -0.62% | -2.57% | -2.66% | 1.27% | -2.79% | |||||||
| 2024 | 0.60% | 1.23% | 1.62% | -2.10% | 2.28% | 1.16% | 1.46% | -0.39% | 1.35% | -1.96% | 2.58% | -2.72% | 5.04% |
| 2023 | 3.11% | -2.52% | -0.24% | 0.65% | -1.57% | 1.44% | 1.12% | -1.06% | -1.82% | -1.15% | 2.70% | 3.52% | 4.03% |
| 2022 | -1.62% | -0.61% | 0.83% | -1.26% | -0.09% | -3.08% | 0.77% | -1.84% | -0.88% | 0.46% | 2.07% | -1.70% | -6.82% |
| 2021 | 0.50% | -0.54% | -0.05% | 1.26% | 0.74% | 0.84% | -0.21% | 0.21% | -1.31% | 0.13% | -1.76% | 0.72% | 0.48% |
| 2020 | 1.04% | -0.60% | -3.70% | 0.31% | 1.87% | 0.29% | 2.31% | 0.43% | -1.03% | -0.13% | 2.54% | 1.54% | 4.81% |
| 2019 | 1.77% | 0.62% | 0.84% | 0.88% | -0.26% | 1.79% | 0.35% | 0.30% | -0.33% | 0.26% | 0.13% | 1.13% | 7.71% |
| 2018 | 1.36% | -1.93% | -0.38% | -0.52% | 0.43% | -0.57% | 0.17% | 1.00% | -0.55% | -2.97% | -0.23% | -0.08% | -4.24% |
| 2017 | 0.53% | 1.06% | -0.33% | 0.97% | 1.01% | -0.06% | 1.18% | 0.69% | 0.54% | 0.51% | 0.30% | 0.81% | 7.45% |
| 2016 | -0.09% | -0.14% | 1.47% | 0.99% | 0.18% | 1.87% | 1.01% | 0.61% | 0.10% | -0.91% | -1.97% | 0.89% | 4.01% |
| 2015 | 2.07% | -0.38% | 0.24% | -0.81% | -0.86% | -0.97% | 0.26% | -1.45% | -0.39% | 0.22% | -0.31% | -0.30% | -2.68% |
| 2014 | 1.06% | 1.32% | 0.39% | 0.96% | 1.51% | 0.27% | -0.85% | 1.67% | -1.46% | 0.00% | 0.43% | -0.14% | 5.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SIRIX is 4, meaning it’s performing worse than 96% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Sierra Tactical All Asset Fund (SIRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Sierra Tactical All Asset Fund provided a 2.99% dividend yield over the last twelve months, with an annual payout of $0.64 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.64 | $0.59 | $0.34 | $0.59 | $0.33 | $0.58 | $0.49 | $0.57 | $0.48 | $0.56 | $0.51 |
Dividend yield | 2.99% | 2.88% | 2.71% | 1.59% | 2.52% | 1.37% | 2.52% | 2.24% | 2.42% | 2.15% | 2.53% | 2.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Sierra Tactical All Asset Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | |||||||
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.64 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.21 | $0.59 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.22 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.59 |
| 2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.19 | $0.33 |
| 2019 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.25 | $0.58 |
| 2018 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.09 | $0.49 |
| 2017 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.21 | $0.57 |
| 2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.48 |
| 2015 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.17 | $0.56 |
| 2014 | $0.17 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Sierra Tactical All Asset Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Sierra Tactical All Asset Fund was 11.31%, occurring on Oct 27, 2023. Recovery took 171 trading sessions.
The current Sierra Tactical All Asset Fund drawdown is 5.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.31% | Jun 14, 2021 | 599 | Oct 27, 2023 | 171 | Jul 5, 2024 | 770 |
| -8.05% | May 21, 2008 | 203 | Mar 12, 2009 | 20 | Apr 9, 2009 | 223 |
| -7.99% | Dec 2, 2024 | 90 | Apr 11, 2025 | — | — | — |
| -6.46% | Jan 29, 2018 | 219 | Dec 10, 2018 | 184 | Sep 4, 2019 | 403 |
| -6.36% | Feb 21, 2020 | 33 | Apr 7, 2020 | 157 | Nov 18, 2020 | 190 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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