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The Re-Named Sierra Tactical All Asset Fund (SIRRX) Marks 10-year Anniversary
The Fund has a Track Record of Effective Downside Protection and Upside Participation
Santa Monica, CA (January 29, 2018) – The Sierra Group of Companies is proud to announce that Sierra Tactical All Asset Fund (SIRRX), formerly known as Sierra Core Retirement Fund, celebrated its 10th anniversary on December 24th, 2017.
“Ten years ago, we chose the name ‘Sierra Core Retirement Fund’ because we wanted to signal that the fund’s conservative mandate and focus on limiting downside risk and volatility can make it appropriate for retirees,” said David Wright, co-founder and managing director at Sierra. “The new name, Sierra Tactical All Asset Fund, more accurately reflects to advisors and investors our concentration on tactical allocation across a wide variety of asset classes, as well as the competitive space we play in.”
The fund utilizes an approach that is globally diversified, tactical, and focused on managing volatility and limiting the downside risk of the overall portfolio, while producing what we believe to be a satisfying return over the course of each market cycle. $10,000 invested in SIRRX at inception would equate to the total value of investment including reinvestment of dividends and capital gains of $17,234 today, an annualized average annual return of 5.6%, as of December 31st, 2017, for the Class R shares.
Sierra portfolio managers allocate from time-to-time to an unusually wide range of asset classes, including U.S. and international equities and debt, commodities and currencies, and utilize a proprietary trailing stop-loss approach, allowing the fund to function as a total low-volatility global allocation solution. Each allocation 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 Tactical All Asset Fund’s distinct tactical approach is nimble enough to allow it to ‘run with the bulls’, but is managed with a specific focus on protecting against downside risk,” continued Mr. Wright. “We can be defensive, and even allocate completely to cash. For example, from inception of the fund through the market bottom of March 9, 2009 SIRRX returned -5.8%, versus -53.4% for the S&P 500. But the fund’s tactical approach allows us to participate in up-markets as well, illustrated by the fact SIRRX fully recovered that drawdown in just four weeks, while the S&P took almost three years. By limiting drawdowns while offering the ability to realize solid gains over a market cycle, we believe Sierra Tactical All Asset Fund will continue to appeal to conservative investors of all kinds.”
Mutual Funds involve risk including possible loss of principal.
The inception date of the Sierra Tactical All Asset Fund is December 24, 2007.
The performance data quoted here represents past performance for Class R Shares (symbol SIRRX), and are net of total annual operating expenses of the Class R Shares (see below). For performance numbers current to the most recent month end, please call toll-free 866-728-4363 or visit sierramutualfunds.com. 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 in the fund will fluctuate, so that investors’ shares, when redeemed, may be worth more or less than their original cost. The total annual operating expenses, including expenses of the underlying funds (estimated at 0.60% per year) are 2.31% for Classes A and I, 2.47% for Classes A1, 3.07% for Class C, 2.46% for Class I1 and 2.11% for Class R.
About The Sierra Companies
The Sierra Group of Companies ("Sierra") comprises Sierra Investment Management, Inc., Ocean Park Asset Management Inc., and Wright Fund Management, LLC, which manages the Sierra Mutual Funds, which include the Sierra Tactical All Asset Fund and Sierra Strategic Income Fund.
Since 1987 Sierra has been helping retirees and other conservative investors preserve and grow their wealth. Through the years, Sierra has fine-tuned an investment approach specifically designed to try to limit downside risk and to provide satisfying returns over a market cycle by reflecting Sierra’s current market and manager views. Using decades of strategic research and proven risk management disciplines, Sierra strives to help its clients meet their specific investment goals.
As of December 31st, 2017, Sierra manages or advises over $3.0 billion in assets for conservative clients.
Neither Sierra Investment Management, Inc., Ocean Park Asset Management, Inc. nor Wright Fund Management LLC are affiliated with Northern Lights Distributors, LLC.
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