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Sierra Tactical Core Income Fund (SSIIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Sierra Tactical Core Income Fund (SSIIX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The fund invests in (1) open-end investment companies (mutual funds), (2) exchange-traded funds ("ETFs"). It invests in underlying funds without restriction as to issuer credit quality (including "high-yield" or "junk bonds"), capitalization, country or the individual security maturity of the securities held by the underlying funds.

Fund Info

ISIN

US66537Y4961

CUSIP

66537Y496

Issuer

Sierra Mutual Funds

Inception Date

Dec 26, 2011

Category

Nontraditional Bonds

Min. Investment

$10,000

Asset Class

Bond

Expense Ratio

SSIIX has a high expense ratio of 1.35%, indicating above-average management fees.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Sierra Tactical Core Income Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Sierra Tactical Core Income Fund (SSIIX) returned -1.65% year-to-date (YTD) and 2.15% over the past 12 months. Over the past 10 years, SSIIX returned 2.10% annually, underperforming the S&P 500 benchmark at 10.84%.

SSIIX

YTD

-1.65%

1M

-0.46%

6M

-2.12%

1Y

2.15%

3Y*

0.99%

5Y*

1.32%

10Y*

2.10%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of SSIIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.66%0.52%-0.74%-1.62%-0.46%-1.65%
20240.05%-0.19%1.07%-1.60%1.15%0.62%1.71%0.99%1.22%-1.85%1.35%-0.67%3.84%
20231.92%-1.92%0.06%0.38%-1.43%0.48%0.51%-0.64%-0.92%-0.53%2.72%3.13%3.68%
2022-1.35%-0.60%-0.19%-0.47%-0.11%-2.18%1.12%-1.76%-0.11%0.07%1.08%-0.86%-5.30%
20210.08%-0.68%-0.09%0.78%0.67%0.81%0.19%0.05%-0.57%-0.39%-0.66%0.02%0.18%
20201.34%0.10%-4.50%-0.20%1.94%0.62%2.50%0.40%-0.74%0.02%2.23%1.16%4.79%
20191.26%0.41%0.96%0.51%0.63%1.49%0.67%0.72%-0.34%0.29%0.04%0.86%7.76%
20180.41%-1.07%0.01%-0.63%0.05%0.17%0.23%0.97%-0.30%-1.51%-0.20%0.51%-1.37%
20170.46%1.19%-0.08%0.79%0.67%-0.11%0.77%0.67%0.26%0.26%-0.01%0.46%5.44%
20160.55%0.14%1.43%0.87%0.25%1.92%1.02%0.71%0.22%-0.45%-1.47%0.66%5.96%
20151.66%-0.39%0.16%-0.41%-0.56%-0.95%0.23%-0.52%-0.21%0.37%-0.07%-0.39%-1.12%
20141.33%1.25%0.54%1.15%1.68%0.44%-0.75%1.71%-1.13%-0.25%0.42%0.04%6.56%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SSIIX is 38, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of SSIIX is 3838
Overall Rank
The Sharpe Ratio Rank of SSIIX is 5151
Sharpe Ratio Rank
The Sortino Ratio Rank of SSIIX is 3535
Sortino Ratio Rank
The Omega Ratio Rank of SSIIX is 3232
Omega Ratio Rank
The Calmar Ratio Rank of SSIIX is 4242
Calmar Ratio Rank
The Martin Ratio Rank of SSIIX is 2929
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Sierra Tactical Core Income Fund (SSIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Sierra Tactical Core Income Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.70
  • 5-Year: 0.46
  • 10-Year: 0.86
  • All Time: 1.24

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Sierra Tactical Core Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Sierra Tactical Core Income Fund provided a 4.73% dividend yield over the last twelve months, with an annual payout of $0.92 per share. The fund has been increasing its distributions for 2 consecutive years.

1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.92$0.86$0.75$0.28$0.54$0.52$0.60$0.54$0.67$0.55$0.68$0.53

Dividend yield

4.73%4.29%3.75%1.38%2.51%2.35%2.76%2.62%3.12%2.63%3.36%2.50%

Monthly Dividends

The table displays the monthly dividend distributions for Sierra Tactical Core Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.08$0.08$0.10$0.00$0.30
2024$0.03$0.07$0.06$0.07$0.08$0.06$0.07$0.07$0.06$0.07$0.07$0.14$0.86
2023$0.04$0.05$0.04$0.04$0.05$0.06$0.06$0.07$0.07$0.09$0.06$0.13$0.75
2022$0.02$0.00$0.00$0.00$0.01$0.00$0.01$0.05$0.02$0.02$0.05$0.11$0.28
2021$0.04$0.04$0.04$0.04$0.04$0.06$0.04$0.04$0.05$0.02$0.05$0.08$0.54
2020$0.03$0.05$0.03$0.01$0.03$0.04$0.04$0.04$0.04$0.03$0.03$0.15$0.52
2019$0.01$0.05$0.04$0.06$0.04$0.06$0.05$0.05$0.02$0.02$0.05$0.16$0.60
2018$0.03$0.03$0.05$0.05$0.04$0.04$0.06$0.03$0.06$0.01$0.04$0.10$0.54
2017$0.05$0.05$0.06$0.04$0.04$0.07$0.04$0.04$0.07$0.03$0.04$0.15$0.67
2016$0.05$0.03$0.05$0.04$0.04$0.06$0.05$0.05$0.06$0.03$0.03$0.07$0.55
2015$0.02$0.18$0.05$0.04$0.04$0.06$0.05$0.04$0.05$0.02$0.05$0.09$0.68
2014$0.04$0.05$0.07$0.05$0.06$0.06$0.04$0.03$0.05$0.02$0.02$0.05$0.53

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 Core Income 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 Core Income Fund was 9.35%, occurring on Oct 3, 2023. Recovery took 222 trading sessions.

The current Sierra Tactical Core Income Fund drawdown is 3.16%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-9.35%Sep 16, 2021515Oct 3, 2023222Aug 21, 2024737
-5.81%Feb 24, 202045Apr 27, 202089Sep 1, 2020134
-3.74%Sep 17, 2024143Apr 11, 2025———
-3.6%May 9, 201374Aug 22, 2013155Apr 4, 2014229
-3.1%Apr 16, 2015170Dec 15, 201593Apr 29, 2016263
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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