Sierra Tactical Municipal Fund (STMYX)
The investment seeks total return, including tax-free income from the dividends of underlying municipal bond funds, while seeking to limit downside risk. The fund invests in open-end investment companies (mutual funds) and exchange-traded funds ("ETFs") that primarily invest in tax-exempt municipal bonds ("underlying municipal bond funds"), as well as municipal money market 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 funds that primarily invest in municipal bonds or other municipal debt instruments.
Fund Info
US66538J5719
Dec 26, 2018
$10,000
Expense Ratio
STMYX features an expense ratio of 0.92%, falling within the medium range.
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 Municipal 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 Municipal Fund had a return of 0.13% year-to-date (YTD) and 2.13% in the last 12 months.
STMYX
0.13%
0.72%
-0.92%
2.13%
0.95%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of STMYX, 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 | -0.07% | 0.13% | |||||||||||
| 2024 | 0.01% | 0.40% | 0.26% | -1.26% | 0.46% | 1.79% | 0.95% | 0.44% | 0.59% | -1.59% | 1.67% | -1.62% | 2.05% |
| 2023 | 2.91% | -2.15% | 0.41% | -0.47% | -1.09% | 0.21% | 0.17% | -1.00% | -1.73% | 0.10% | 4.33% | 2.69% | 4.25% |
| 2022 | -2.42% | -0.08% | -0.08% | -0.08% | 0.43% | -3.77% | 2.38% | -1.75% | 0.01% | 0.13% | 2.70% | -0.28% | -2.93% |
| 2021 | 1.85% | -1.26% | -0.04% | 0.74% | 1.07% | 1.04% | 0.89% | -0.53% | -0.85% | -0.39% | 0.64% | -2.66% | 0.40% |
| 2020 | 2.28% | 2.07% | -8.65% | -1.17% | 2.01% | 2.84% | 1.57% | -0.26% | 0.03% | -0.40% | 2.69% | 1.81% | 4.35% |
| 2019 | 0.47% | 0.63% | 1.73% | 0.56% | 1.36% | 0.46% | 0.89% | 1.69% | -0.67% | -0.07% | 0.21% | 0.36% | 7.88% |
| 2018 | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of STMYX is 32, indicating average performance compared to other mutual funds on our website. Here’s 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 Municipal Fund (STMYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Sierra Tactical Municipal Fund provided a 2.99% dividend yield over the last twelve months, with an annual payout of $0.76 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.77 | $0.63 | $0.29 | $0.49 | $0.66 | $0.67 |
Dividend yield | 2.99% | 3.03% | 2.46% | 1.13% | 1.85% | 2.46% | 2.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Sierra Tactical Municipal 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 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.03 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.77 |
| 2023 | $0.04 | $0.06 | $0.04 | $0.04 | $0.06 | $0.05 | $0.04 | $0.06 | $0.05 | $0.05 | $0.06 | $0.09 | $0.63 |
| 2022 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.02 | $0.03 | $0.04 | $0.09 | $0.29 |
| 2021 | $0.05 | $0.07 | $0.00 | $0.02 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.04 | $0.03 | $0.00 | $0.49 |
| 2020 | $0.06 | $0.06 | $0.04 | $0.02 | $0.02 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.05 | $0.10 | $0.66 |
| 2019 | $0.03 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 | $0.67 |
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 Municipal 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 Municipal Fund was 9.71%, occurring on Apr 29, 2020. Recovery took 172 trading sessions.
The current Sierra Tactical Municipal Fund drawdown is 1.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.71% | Mar 2, 2020 | 42 | Apr 29, 2020 | 172 | Jan 4, 2021 | 214 |
| -9.58% | Jul 28, 2021 | 225 | Jun 16, 2022 | 533 | Aug 1, 2024 | 758 |
| -3.06% | Oct 3, 2024 | 70 | Jan 14, 2025 | — | — | — |
| -2.3% | Feb 17, 2021 | 26 | Mar 24, 2021 | 52 | Jun 8, 2021 | 78 |
| -1.54% | Sep 5, 2019 | 9 | Sep 17, 2019 | 75 | Jan 3, 2020 | 84 |
Volatility
Volatility Chart
The current Sierra Tactical Municipal Fund volatility is 1.09%, 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.