Morningstar

Sierra Tactical Bond Instl STBJX

Morningstar Medalist Rating
Medalist Rating as of | See Sierra Mutual Funds Investment Hub
  • NAV / 1-Day Return 26.91  /  +0.07 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    1.680%
  • Expense Ratio 1.680%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 5.26%
  • Effective Duration 2.92 years

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 12:38 AM GMT+0

Morningstar’s Analysis STBJX

Will STBJX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable STBJX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the STBJX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of STBJX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Sierra Tactical Bond Instl's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings STBJX

More STBJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 91.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
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