Sierra Tactical Bond Fund Class A (STBKX)

Overview

This company focuses on investing in two main categories of funds: open-end investment companies, also known as mutual funds, and exchange-traded funds (ETFs) that specialize primarily in high-yield corporate bonds (commonly referred to as junk bonds) under the HYCB Funds category, or in long-duration U.S. Treasury securities, classified under Treasury Bond Funds. The investment strategy mandates that, under normal circumstances, at least 80% of the fund's net assets—which include both actual net assets and any borrowed funds for investment purposes—are to be allocated across these underlying bond funds. This approach underscores the fund’s commitment to capitalizing on the potential upsides of these specific financial instruments while adhering to its predefined allocation strategy.

Products and Services

• HYCB Funds - These are investments focused primarily on high-yield corporate bonds, also known colloquially as "junk bonds". These bonds carry a higher risk of default but typically offer higher returns to compensate for this increased risk. The fund's strategy involves investing in mutual funds and ETFs that specialize in these types of bonds, aiming to harness their potential for higher income.
• Treasury Bond Funds - This category comprises investments in long-duration U.S. Treasury securities. Treasury bonds are considered one of the safest investment options and offer fixed interest payments over a long period. By investing in mutual funds and ETFs that focus on these securities, the fund aims to provide investors with a stable and reliable income source, albeit with generally lower yields compared to high-risk options.