Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A 15-Year-Old Fund Family Adds Its Sixth MF Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 30, 2022

A 15-Year-Old Fund Family Adds Its Sixth MF

Reported by Neil Anderson, Managing Editor

A group of tactical fixed income shops in Southern California have added a sixth mutual fund to their 15-year-old fund family.

Albert George "Skip" Schweiss III
Sierra Group of Companies
CEO
Earlier this month, James St. Aubin (chief investment officer for the Sierra Group of Companies' Sierra Mutual Funds [profile]) and David Wright (co-founder of the Sierra Mutual Funds) unveiled the launch of the Sierra Tactical Risk Spectrum 30 Fund. Like with the existing Sierra funds, Wright Fund Management, LLC (part of the Sierra group) serves as the new fund's investment advisor, and the fund is a series of the Northern Lights Fund Trust.

The new fund's inception date was September 30, and it now has $44.9 million in AUM. It comes in four flavors: A shares (SRTAX) with up to 375 basis points in up front load, up to 100 bps in deferred load, and an expense ratio of 204 bps; C shares with an expense ratio of 279 bps; Investor shares (SRTNX) with an expense ratio of 219 bps; and Institutional shares (SRTJX) with an expense ratio of 179 bps. All those expense ratios included an 8-bps fee waiver promised through January 31, 2024.

The Sierra Tactical Risk Spectrum 30 Fund's PM team includes: Kenneth Sleeper, managing director and portfolio manager at Wright; Douglas Loeffler, executive vice president and PM; and Marshall Quan, lead portfolio analyst and PM. The new fund is a fund of funds that invests in unaffilied underlying mutual funds and ETFs (another Sierra company, Ocean Park, is a model portfolio shop) across a variety of areas. The idea is to have, under normal market conditions, an average equity exposure ranging from 15 to 30 percent over a three-year period.

The launch of the Sierra Tactical Risk Spectrum 30 Fund comes after the launch last May of a similar fund featuring a slightly different equity exposure target range. That fund, the Sierra Tactical Risk Spectrum 50 Fund now has about $178 million in AUM. Both funds incorporate Sierra's "proprietary trailing-stop discipline" for signaling when to sell holdings.

St. Aubin describes the launch of the Sierra Tactical Risk Spectrum 30 Fund as offering "another multi-asset solution for investors with a conservative risk profile to access Sierra's time-tested, truly tactical investment process."

"The markets are as volatile as ever, and investors are looking for investment approaches that remain disciplined but provide the ability to participate in the market's upside," Wright states.

The new fund's other service providers included: BBD, LLP as independent accounting firm; Northern Lights Distributors, LLC as distributor; Thompson Hine LLP as counsel; U.S. Bank, N.A. as custodian; and Ultimus Fund Solutions, LLC as transfer agent. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. WE Pacific NW - Year-End Holiday Social and Chapter Leadership Drive, December 5
  2. WE South - A Deep Dive Into the Offshore Ecosystem, December 6
  3. MFDF webinar - Unique Oversight Considerations For ETFs, December 6
  4. Stradley Ronon's Financial Services Regulatory Workshop, December 6
  5. MMI webinar - From an Idea to a Movement: Choosing Self-Confidence + Finding Our Strengths, December 7
  6. SEC Investor Advisory Committee Meeting, December 7
  7. MMI webinar - Make Your Money Work For You, December 12
  8. MFDF In Focus: Impacts of SCOTUS Affirmative Action Decision on Fund Boards and Industry Diversity Efforts, December 12
  9. P&I Best Places to Work In Money Management - The Future of Asset Management, December 12
  10. MFDF webinar - Investment Valuation and Governance: Deloitte's 21st Annual Fair Valuation Pricing Survey, December 13
  11. MFDF Director Discussion Series - Open Forum via Zoom, December 14
  12. MFDF 2024 Directors' Institute, January 22 - 24, 2024
  13. 2024 ICI Innovate, February 6 - 8, 2024
  14. The Advyzon Conference, February 20 - 22, 2024
  15. Raymond James 2024 Annual Shareholders Meeting, February 22, 2024
  16. MFDF 2024 Fund Governance & Regulatory Insights Conference, March 7 - 8, 2024
  17. Nicsa 2024 Strategic Leadership Forum, March 13 - 15, 2024
  18. 2024 MMI Summit, March 13 - 14, 2024
  19. Women In ETFs 10-Year Anniversary Celebration, March 14, 2024
  20. Wealth Management Edge 2024, May 13 - 16, 2024
  21. MFDF Conference of Fund Leaders Forum, June 5, 2024
  22. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20, 2024
  23. Morningstar Investment Conference Conference 2024, June 26 - 27, 2024
  24. 2024 MMI Annual Conference, October 15 - 17, 2024




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use