Sierra Tactical Bond Fund (STBNX)
The fund invests in open-end investment companies (mutual funds) and exchange-traded funds ("ETFs") that primarily invest in high-yield corporate bonds, also commonly known as junk bonds ("HYCB Funds") or long-duration U.S. Treasury securities ("Treasury Bond Funds"). Under normal circumstances, the fund invests at least 80% of its net assets (defined as net assets plus the amount of any borrowing for investment purposes) in underlying bond funds.
Fund Info
US66538J4563
66538J456
Sep 30, 2019
$10,000
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 Bond 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 Bond Fund had a return of 6.27% year-to-date (YTD) and 10.75% in the last 12 months.
STBNX
6.27%
0.33%
4.89%
10.75%
4.39%
N/A
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of STBNX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.01% | 0.22% | 0.99% | -1.03% | 0.86% | 0.81% | 1.79% | 1.29% | 1.30% | -0.79% | 6.27% | ||
| 2023 | 3.00% | -1.90% | 0.24% | 0.61% | -1.09% | 1.21% | 1.55% | 0.14% | -1.38% | -1.18% | 2.45% | 3.28% | 6.97% |
| 2022 | -2.01% | -0.11% | -0.15% | -0.38% | -0.11% | -1.71% | 1.35% | -1.02% | -0.08% | -0.25% | 1.51% | -1.54% | -4.47% |
| 2021 | 0.02% | 0.48% | 0.05% | 0.81% | 0.32% | 1.26% | 0.09% | 0.56% | -0.25% | -0.12% | -0.57% | -1.51% | 1.11% |
| 2020 | -0.30% | -1.63% | 9.00% | -2.26% | 3.35% | 0.80% | 3.23% | 0.96% | -1.56% | -1.39% | 3.33% | -2.81% | 10.58% |
| 2019 | 0.44% | 0.30% | 1.66% | 2.41% |
Expense Ratio
STBNX has a high expense ratio of 1.63%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of STBNX is 89, placing it in the top 11% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Sierra Tactical Bond Fund (STBNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Sierra Tactical Bond Fund provided a 4.77% dividend yield over the last twelve months, with an annual payout of $1.27 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $1.27 | $1.18 | $0.36 | $0.74 | $0.56 | $0.22 |
Dividend yield | 4.77% | 4.53% | 1.41% | 2.74% | 2.05% | 0.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Sierra Tactical Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.10 | $0.14 | $0.10 | $0.10 | $0.14 | $0.10 | $0.10 | $0.13 | $0.11 | $0.00 | $1.03 | |
| 2023 | $0.01 | $0.12 | $0.08 | $0.04 | $0.09 | $0.14 | $0.09 | $0.10 | $0.13 | $0.13 | $0.03 | $0.21 | $1.18 |
| 2022 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.03 | $0.06 | $0.24 | $0.36 |
| 2021 | $0.05 | $0.06 | $0.10 | $0.05 | $0.06 | $0.12 | $0.06 | $0.06 | $0.11 | $0.04 | $0.04 | $0.01 | $0.74 |
| 2020 | $0.02 | $0.05 | $0.02 | $0.06 | $0.06 | $0.14 | $0.01 | $0.05 | $0.07 | $0.03 | $0.04 | $0.00 | $0.56 |
| 2019 | $0.09 | $0.13 | $0.22 |
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 Bond 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 Bond Fund was 8.08%, occurring on Dec 28, 2022. Recovery took 307 trading sessions.
The current Sierra Tactical Bond Fund drawdown is 0.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.08% | Dec 30, 2020 | 503 | Dec 28, 2022 | 307 | Mar 20, 2024 | 810 |
| -5.22% | Apr 6, 2020 | 28 | May 14, 2020 | 13 | Jun 3, 2020 | 41 |
| -3.39% | Sep 3, 2020 | 39 | Oct 28, 2020 | 23 | Dec 1, 2020 | 62 |
| -2.97% | Jan 21, 2020 | 29 | Mar 2, 2020 | 4 | Mar 6, 2020 | 33 |
| -2.96% | Jun 9, 2020 | 19 | Jul 6, 2020 | 17 | Jul 29, 2020 | 36 |
Volatility
Volatility Chart
The current Sierra Tactical Bond Fund volatility is 0.78%, 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.