Sierra Strategic Income Fund

U.S. News evaluated 82 Multisector Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 1.75 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 2.6%
1 Year 1.8%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to provide total return (with income contributing a significant part) and to limit volatility and downside risk. The fund is a "fund of funds" and will invest in (1) open-end investment companies (mutual funds), (2) exchange-traded funds ("ETFs"), and (3) exchange-traded notes ("ETNs") (collectively "underlying funds"). It invests in underlying funds without restriction as to issuer credit quality (including "high-yield" or "junk bonds"), capitalization, country or the individual security maturity of the securities held by the underlying funds.

Fees

Fees are Above Average compared to funds in the same category.
Sierra Strategic Income Fund has an expense ratio of 1.30 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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See Also:

Top Sierra Trust Funds