Description

The Sierra Tactical Core Income Fund Class A aims to generate substantial overall returns, with a significant portion derived from income, while simultaneously working to mitigate market volatility and protect against significant losses. To achieve this, the fund primarily allocates its capital to other investment vehicles, specifically open-end mutual funds and exchange-traded funds (ETFs). This strategy allows for considerable flexibility, as there are no restrictions on the credit quality of the issuers within these underlying funds, potentially including lower-rated "high-yield" or "junk" bonds. Moreover, the fund is not constrained by the capitalization size of companies, the geographical location of assets, or the individual maturity dates of securities held by those underlying funds.