Thank you for your interest in the Sierra Core Retirement Fund.
The Core Fund is a "fund of funds" geared toward retirees as well as other conservative
investors, with two goals:
- To protect your capital by attempting to limit volatility and downside risk, and
specifically attempting to limit drawdowns (periods of decline in the Core Fund's
Net Asset Value) to 4% or less, even in a month or quarter in which the stock market
is very negative.
- To produce satisfying Total Returns (dividend yield and capital gain distributions,
plus-or-minus change in Net Asset Value), with a goal to exceed 8% per year Total
Return as a multi-year average.
As you know, there can be no assurance that these goals can be met, especially in
the short term. There will be some down months, and some down quarters – and we
cannot rule out the possibility of a down year. The past performance that the Portfolio
Managers have achieved on private accounts as shown on page 13 of the Prospectus
is no guarantee that future results will be as good.
The Core Fund is managed by a team with over 20 years of experience in managing
private accounts in a similar style. The Core Fund invests in a very wide range
of Asset Classes to create an unusually diversified portfolio, most of the time
with only moderate correlation with the S&P 500.
Click here for pie chart
to view our recent allocation among investment categories. Mutual funds are the
vehicles through which we will participate in most Asset Classes, and Exchange Traded
Funds (ETFs) will be used for minor parts of the portfolio.
The investment strategies, goals and risks of the Core Fund are detailed in the
Prospectus
and on other pages of this website. Please review the Prospectus carefully before
investing. You can also view and download our
Statement of Additional Information
and account applications.
If you have questions or need more information, please drop us a note here.
We look forward to a long and beneficial relationship with you.
David C. Wright
Portfolio Manager
Kenneth L. Sleeper
Portfolio Manager
Suzanne Torres
Director of Marketing