Sierra Tactical All Asset Fund - Class A1 (SIRZX)

Overview

The fund operates as a "fund of funds," where its primary investment strategy involves allocating capital to a diversified mix of open-end investment companies (commonly known as mutual funds) and exchange-traded funds (ETFs). This strategy is executed by the fund's Adviser, who employs a multi-asset diversification approach to construct a broadly diversified investment portfolio. The core objective of the fund is to leverage the expertise of the Adviser in selecting a variety of underlying funds across different investment and security categories, aiming to achieve the investment objectives set for the fund. This approach allows the fund to benefit from the diverse market exposure and investment strategies of the underlying funds, with the aim of optimizing returns for the investors.

Products and Services

• Open-End Investment Companies (Mutual Funds)

  A cornerstone of the fund’s investment approach involves allocating a portion of its assets into mutual funds. These mutual funds cover various asset classes and market sectors, providing the fund's portfolio with a layer of diversification. This strategy aims to capitalize on the performance and expertise of various mutual funds, harnessing their potential for returns while managing risk through diversification.

• Exchange-Traded Funds (ETFs)

  Another key component of the fund's investment strategy is the inclusion of ETFs. ETFs are known for their liquidity, cost-efficiency, and the ability to track a wide range of indexes, sectors, or commodities. By investing in ETFs, the fund gains access to a broad spectrum of assets, from traditional stocks and bonds to more niche market sectors, further enhancing the fund’s portfolio diversification. This approach seeks to leverage the benefits of ETFs, such as their lower operating costs and flexibility, aligning with the fund’s goal of achieving its investment objectives.