Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Sierra Tactical Municipal Institutional STMEX
- NAV / 1-Day Return 25.97 / −0.04 %
- Total Assets 291.3 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.480%
- Distribution Fee Level High
- Share Class Type Institutional
- Category High Yield Muni
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 10,000
- Status Open
- TTM Yield 2.69%
- Effective Duration 7.98 years
USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 12:43 AM GMT+0
Morningstar’s Analysis STMEX
Will STMEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 88.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Nuveen High Yield Municipal Bond I | 19.30 | 55.8 Mil | — |
Invesco National AMT-Free Muni Bd ETF | 10.49 | 30.3 Mil | — |
Nuveen Intermediate Duration Muni Bd I | 9.98 | 28.9 Mil | — |
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETF | 9.77 | 28.3 Mil | — |
BlackRock Strategic Muni Opps Instl | 9.70 | 28.1 Mil | — |
JPMorgan National Municipal Income I | 7.29 | 21.1 Mil | — |
Russell Inv Tax-Exempt High Yield Bd S | 6.69 | 19.4 Mil | — |
BlackRock High Yield Municipal Instl | 6.40 | 18.5 Mil | — |
VanEck High Yield Muni ETF | 5.65 | 16.3 Mil | — |
PGIM Muni High Income Z | 2.94 | 8.5 Mil | — |