Sierra Tactical Core Income Fund (SSIIX)
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
US66537Y4961
66537Y496
Dec 26, 2011
$10,000
Expense Ratio
SSIIX has a high expense ratio of 1.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Sierra Tactical Core Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Sierra Tactical Core Income Fund had a return of 0.92% year-to-date (YTD) and 5.21% in the last 12 months. Over the past 10 years, Sierra Tactical Core Income Fund had an annualized return of 2.33%, while the S&P 500 had an annualized return of 11.31%, indicating that Sierra Tactical Core Income Fund did not perform as well as the benchmark.
SSIIX
0.92%
0.41%
0.78%
5.21%
1.10%
2.33%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2025 | 0.66% | 0.92% | |||||||||||
2024 | 0.05% | -0.19% | 1.07% | -1.60% | 1.15% | 0.62% | 1.71% | 0.99% | 1.22% | -1.85% | 1.35% | -0.67% | 3.84% |
2023 | 1.92% | -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% | -2.19% | 1.12% | -1.76% | -0.11% | 0.07% | 1.08% | -0.86% | -5.30% |
2021 | 0.08% | -0.68% | -0.09% | 0.78% | 0.67% | 0.81% | 0.19% | 0.05% | -0.57% | -0.39% | -0.66% | 0.02% | 0.18% |
2020 | 1.34% | 0.10% | -4.50% | -0.20% | 1.94% | 0.62% | 2.50% | 0.40% | -0.74% | 0.02% | 2.23% | 1.16% | 4.79% |
2019 | 1.26% | 0.41% | 0.96% | 0.51% | 0.63% | 1.49% | 0.67% | 0.72% | -0.34% | 0.29% | 0.04% | 0.86% | 7.76% |
2018 | 0.41% | -1.07% | 0.01% | -0.63% | 0.05% | 0.17% | 0.23% | 0.97% | -0.30% | -1.51% | -0.20% | 0.51% | -1.37% |
2017 | 0.46% | 1.19% | -0.08% | 0.79% | 0.67% | -0.11% | 0.77% | 0.67% | 0.26% | 0.26% | -0.01% | 0.46% | 5.44% |
2016 | 0.55% | 0.14% | 1.42% | 0.87% | 0.25% | 1.92% | 1.02% | 0.71% | 0.22% | -0.45% | -1.47% | 0.66% | 5.96% |
2015 | 1.66% | -0.39% | 0.16% | -0.41% | -0.56% | -0.94% | 0.23% | -0.52% | -0.21% | 0.37% | -0.07% | -0.39% | -1.12% |
2014 | 1.33% | 1.25% | 0.54% | 1.15% | 1.68% | 0.44% | -0.75% | 1.71% | -1.13% | -0.25% | 0.42% | 0.04% | 6.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 76, SSIIX is among the top 24% of 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 Core Income Fund (SSIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Sierra Tactical Core Income Fund provided a 4.27% dividend yield over the last twelve months, with an annual payout of $0.86 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 | $0.86 | $0.86 | $0.75 | $0.28 | $0.54 | $0.52 | $0.59 | $0.54 | $0.67 | $0.55 | $0.68 | $0.52 |
Dividend yield | 4.27% | 4.29% | 3.75% | 1.38% | 2.51% | 2.35% | 2.75% | 2.62% | 3.12% | 2.63% | 3.36% | 2.46% |
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.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2025 | $0.03 | $0.00 | $0.03 | ||||||||||
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 | $0.59 |
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 | $0.04 | $0.52 |
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.
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 0.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-9.35% | Sep 16, 2021 | 515 | Oct 3, 2023 | 222 | Aug 21, 2024 | 737 |
-5.81% | Feb 24, 2020 | 45 | Apr 27, 2020 | 89 | Sep 1, 2020 | 134 |
-3.6% | May 9, 2013 | 74 | Aug 22, 2013 | 155 | Apr 4, 2014 | 229 |
-3.1% | Apr 16, 2015 | 170 | Dec 15, 2015 | 93 | Apr 29, 2016 | 263 |
-2.69% | Jan 30, 2018 | 222 | Dec 14, 2018 | 61 | Mar 15, 2019 | 283 |
Volatility
Volatility Chart
The current Sierra Tactical Core Income Fund volatility is 0.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.