SIERRA CORE RETIREMENT FUND OBJECTIVES & STRATEGY

The Sierra Core Retirement Fund has two investment goals:

  1. To limit downside risk (or drawdowns) of the overall portfolio.
  2. To reflect current market and manager views in order to provide satisfying returns for clients.

Our Portfolio Managers analyze and allocate portions of the fund’s portfolio to a wide range of income-oriented asset classes. Each decision must serve one or both of the fund’s two goals: to enhance total return and/or to reduce the overall volatility and downside risk of the portfolio.

The Sierra Core Retirement Fund seeks to pay a quarterly dividend to its shareholders.

Past performance does not guarantee future results and there is no assurance that the Fund will achieve its investment objective.

PERFORMANCE

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Record Date: The date the distribution amount is declared.
Ex-Date / Pay Date: The date the distribution is paid to investors.

Performance Comparison From Inception: 12/24/2007 - 11/30/2014

 

 

** Core Fund data is net after fees. 
* Benchmark: Average of Morningstar's World Allocation category - managers who like Sierra can invest in the U.S. and/or globally, stocks and/or bonds, etc. 

The S&P 500 Index, a registered trademark of McGraw-Hill Co., Inc., is a market capitalization-weighted index of 500 widely held common stocks.

Asset Allocation as of


Class R (SIRRX)

Total Annual Operating Expenses are 2.18%; no Sales Charge (commission or "load") or 12b-1 Fee

Class A (SIRAX)

Total Annual Operating Expenses are 2.43%; Front-End Sales Charge (commission or "load") of 5.75%, with lower rates for accounts over $50,000; 12b-1 distribution fee which can be up to 0.25% per year

Class I (SIRIX)

Total Annual Operating Expenses are 2.43%; no Sales Charge (commission or "load"); 12b-1 distribution fee which can be up to 0.25% per year

Class C (SIRCX)

Total Annual Operating Expenses are 3.18%; no Sales Charge (commission or "load"); 12b-1 distribution fee which can be up to 1.00% per year

Class A1 (SIRZX)

Total Annual Operating Expenses are 2.58%; Front-End Sales Charge (commission or "load") of 5.75%, with lower rates for accounts over $50,000; 12b-1 distribution fee which can be up to 0.40% per Year

Class I1 (SIRJX)

Total Annual Operating Expenses are 2.58%; no Sales Charge (commission or "load"); 12b-1 distribution fee which can be up to 0.40% per year

Note: The Total Annual Operating Expenses include expenses of the underlying funds, which are estimated at 0.68% per year.

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 1-866-738-4363 (1-866-RETI-FND).

  1. Represents the percentage increase/decrease in the net asset value from the prior trading day.
  2. Performance for periods less than one year is not annualized.
  3. The inception date of the Sierra Core Fund Class A, I and R is December 24, 2007, Class C, is February 5, 2010, Class A1, I1 and Y June 7, 2012.

Portfolio holdings are subject to change, vary over time and should not be considered a recommendation to buy any individual security.

Portfolio holdings are subject to change, vary over time and should not be considered a recommendation to buy and individual security.