SANTA MONICA, Calif.--(BUSINESS WIRE)--Sierra Mutual Funds, Inc., a pioneer in tactical asset management, today announced the launch of the Sierra Tactical Core Growth Fund (STEJX) (the Fund), a mutual fund that may invest up to 100% in global equity funds under favorable market conditions. Like the other funds in Sierra’s suite of mutual funds, Sierra Tactical Core Growth Fund will utilize Sierra’s distinctive tactical investment approach to achieve the objectives of producing satisfying long-term returns while limiting downside risk.
“Our recent focus at Sierra has been on expanding our suite of funds for advisors and their investors to span the full risk/return spectrum,” said Skip Schweiss, CEO of Sierra Investment Management. “We now offer solutions to address the full range of investor risk profiles, yet one thing remains consistent throughout all of them. The outcomes you’ll achieve with us are based on rigorous research and a truly tactical, rules-based process developed by our founders more than 35 years ago.”
The new fund completes Sierra’s suite of tactical multi-asset mutual funds that range from fully fixed income- focused to fully equity-focused with select blends of both in between. Sierra Tactical Core Growth Fund joins the Sierra Tactical Core Income Fund (SSIRX), the Sierra Tactical Risk Spectrum 30 Fund (SRTJX), the Sierra Tactical Risk Spectrum 50 Fund (SRFJX), the Sierra Tactical Risk Spectrum 70 Fund (SRSJX), in the Sierra Mutual Funds multi-asset suite. Each fund offers a distinct risk profile, allowing investors and their advisors choice when it comes to the appropriate risk exposure for their tolerance level.
“The Tactical Core Growth Fund is the first fund in our line-up that fully targets global equity exposure, and we are delighted to offer it to clients and advisors who know and trust our tactical, rules-based investment approach,” said James St. Aubin, chief investment officer. “The Fund may invest in U.S. Treasuries or cash for safe harbor when equities prices are falling. The result is a uniquely flexible fund that provides downside protection to global equity exposure by adhering to Sierra’s time-tested risk management approach.”
The Sierra Tactical Core Growth Fund seeks to achieve its investment objectives by investing in a combination of mutual funds and exchange traded funds (ETFs) for exposure to U.S. and foreign equities (including emerging markets). Equity funds that decline in price sufficient enough to breach a level that triggers a Sell signal will be sold and reallocated to government bond funds or individual U.S. Treasury securities (“Treasuries”), conditionally based on a positive price trend signal. If neither equities nor Treasuries are in an uptrend, the Fund will hold sale proceeds in cash.
The outcome is a well-diversified portfolio that may be suited for investors looking for risk-managed equity exposure. In favorable market conditions, the Fund will invest at least 80% of its net assets in equity funds, but there will be times when it will own less than 80%. Sierra may make changes in the target allocations across equity asset classes and fund categories and the specific equity funds in the Fund’s portfolio.
The Sierra Tactical Core Growth Fund will be managed by Sierra Co-founder Kenneth L. Sleeper, MBA, PhD; Chief Investment Strategist Ryan Harder, CFA; Executive Vice President of Investment Management Douglas Loeffler CFA, CAIA; and Senior Research Analyst Marshall Quan.
For more information on Sierra Mutual Funds, please visit www.sierramutualfunds.com.
About The Sierra Companies:
The Sierra group of companies ("Sierra") comprises Sierra Investment Management, Inc., Ocean Park Asset Management, Inc., and Wright Fund Management, LLC, which manages the Sierra Mutual Funds, which includes seven mutual funds. Since 1987, it has been Sierra’s goal to help investors preserve and grow their wealth. Through the years, Sierra has rigorously executed its risk management discipline in an effort to limit the depth and duration of drawdowns, while delivering satisfying returns over a market cycle. The Sierra group manages over $5.8 billion in assets.
Past performance does not guarantee future results and there is no assurance that any investment strategy will achieve its investment objective. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Sierra Mutual Funds. This and other information about the funds is contained in the prospectuses and should be read carefully before investing. The prospectus can be obtained on our website sierramutualfunds.com or by calling toll free 1-800-729-1467. The Sierra Mutual Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Neither Sierra Investment Management, Inc., Ocean Park Asset Management, Inc. nor Wright Fund Management LLC are affiliated with Northern Lights Distributors, LLC
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund. This and other information about the Fund is contained in the prospectus and should be read carefully investing. The prospectus can be obtained at sierramutualfunds.com or by calling 1-844-727-1813. The Sierra Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC. As with all mutual funds, there is the risk that you could lose money through your investment in the Fund.
Underlying Funds may invest in foreign emerging market countries that may have relatively unstable governments, weaker economies, and less-developed legal systems, which do not protect investors. In general, the price of a fixed income security falls when interest rates rise. Any strategy that includes inverse securities could cause the Fund to suffer significant losses. Underlying Fund investments in lower quality bonds, known as high-yield or junk bonds, present greater risk than bonds of higher quality. Municipal securities are subject to the risk that legislature changes and economic developments may adversely affect the value of the Fund’s investments. REIT risks include declines from deteriorating economic conditions, changes in property value, and defaults by borrower. Underlying Funds that own small and mid-capitalization companies may be more vulnerable than larger, more established organizations to adverse business or economic developments. In some instances, it may be less expensive for an investor to invest in the Underlying Funds directly.
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