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Lipper
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Zacks Investment Research
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Standard & Poor's
1 / 5 Stars
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TheStreet.com
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U.S. News evaluated 79 Multisector Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 8.07 percent over the past year.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 2.6% |
| 1 Year | 8.1% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
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 invests in open-end investment companies, exchange-traded funds and exchange-traded notes. It invests in underlying funds without restriction as to issuer credit quality, capitalization, country or the individual security maturity of the securities held by the underlying funds. The fund defines high-yield securities, also known as junk bonds, as fixed-income securities rated below investment grade.
Fees
Fees are Average compared to funds in the same category.
Sierra Strategic Income Fund has an expense ratio of 1.30 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
