Sierra Tactical Municipal Fund (STMYX)

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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.

Sierra Tactical Municipal Fund (STMYX) has returned -0.35% so far this year and -0.41% over the past 12 months.

Based on dividend-adjusted daily data since Jan 3, 2019, STMYX's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, your investment would double in approximately 27.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Mar 2020 at -8.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, STMYX closed higher 47% of trading days. The best single day was Dec 30, 2021 with a return of +2.9%, while the worst single day was Mar 12, 2020 at -3.4%.

Sierra Tactical Municipal Fund has an annualized alpha of 2.10%, beta of 0.02, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 04, 2019.

• This fund participated in 22.46% of S&P 500 Index downside but only 14.86% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.02 may look defensive, but with R² of 0.01 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.01 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

STMYX has an expense ratio of 0.92%, placing it in the medium range.

STMYX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Sierra Tactical Municipal Fund (STMYX) and compare them to a chosen benchmark (S&P 500 Index).

Sierra Tactical Municipal Fund provided a 3.68% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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 3.32%.

The chart below shows the rolling one-month volatility.