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 has an expense ratio of 0.92%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Sierra Tactical Municipal Fund (STMYX) returned -4.53% year-to-date (YTD) and -2.26% over the past 12 months.
STMYX
-4.53%
-0.33%
-5.86%
-2.26%
0.34%
2.03%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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% | 1.29% | -2.14% | -3.26% | -0.37% | -4.53% | |||||||
| 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% | -1.01% | -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% | 0.20% | 3.35% |
| 2020 | 2.28% | 2.07% | -8.65% | -1.17% | 2.01% | 2.84% | 1.58% | -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% | 0.47% | 7.99% |
| 2018 | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of STMYX is 1, meaning it’s performing worse than 99% of other 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 Municipal Fund (STMYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Sierra Tactical Municipal Fund provided a 3.17% 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 | $1.26 | $0.66 | $0.70 |
Dividend yield | 3.17% | 3.03% | 2.46% | 1.13% | 4.79% | 2.46% | 2.67% |
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 | $0.09 | $0.07 | $0.09 | $0.00 | $0.27 | |||||||
| 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 | $0.77 | $1.26 |
| 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 | $0.14 | $0.70 |
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 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 6.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.71% | Mar 2, 2020 | 42 | Apr 29, 2020 | 172 | Jan 4, 2021 | 214 |
| -6.92% | Jul 28, 2021 | 225 | Jun 16, 2022 | 383 | Dec 26, 2023 | 608 |
| -6.82% | Oct 3, 2024 | 159 | May 22, 2025 | — | — | — |
| -2.3% | Feb 17, 2021 | 26 | Mar 24, 2021 | 52 | Jun 8, 2021 | 78 |
| -1.79% | Mar 14, 2024 | 30 | Apr 25, 2024 | 14 | May 15, 2024 | 44 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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