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Time-Tested
Investment Process

For over three decades, Sierra’s rules-based buy-and-sell disciplines have sought to help investors limit downside risk, grow their wealth, and achieve their investment goals.

Investment Strategies That Aim to
Grow and Protect Wealth

Risk Management Outcomes

We believe investing is about more than charts and performance metrics – it’s about helping clients achieve their real-life goals. Sierra’s investment programs are engineered to meet a variety of investment objectives and risk profiles. We pursue positive results through market cycles and are laser-focused on our goal of limiting downside risk.

The investment rate of return necessary to recover the loss or get back on your growth track is larger than the loss.

If you’re close to retiring or already retired, losing 20% of your money can make it really hard to bounce back. It might take a long time to get back to where you started, and that could be tough.

This is an educational illustration of how breakeven can be calculated only, and is not intended to reflect the actual performance of any particular security or portfolio. This illustration does not reflect the deduction of any fees, transaction costs, or expenses and the impact they may have on achieving breakeven or meeting any future goals. This illustration includes certain assumptions of future returns needed to achieve breakeven or certain goals, however, there is no guarantee that such returns can or will be achieved, or if achieved would lead to the illustrative outcomes shown.

Pursue your goals with a range of investment solutions

Our investment team meets daily to review buy and sell signals — all with one objective: to help ensure our strategies remain aligned with long-term goals through changing market cycles. It’s this daily discipline and focus that allow us to support our clients in a way that matter.

Our portfolio construction process starts with a discussion of your goals, risk tolerance, and how you prefer to work with us. From there, we design portfolios that align with your objectives — whether that means using all, some, or none of our affiliated investment programs.

Tactical Risk Management Solutions

A chart showing how there is an inverse relationship that exists between risk, and return and where the programs fit on that scale.

Program Details

Click on the fund name in the chart to learn more about the program.

Growth Allocation Program

The Sierra Growth Allocation Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers a diversified multi-asset portfolio designed for investors with an aggressive risk profile. When equities are in an uptrend, the Program targets equity exposure between 85% and 100%. Equity exposure may vary below this range depending on market conditions.

The Program seeks to participate opportunistically in global investment uptrends, while aiming to limit downside risk. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview
Moderate Growth Allocation Program

The Sierra Moderate Growth Allocation Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers a diversified multi-asset portfolio designed for investors with a moderately aggressive risk profile. When equities are in an uptrend, the Program targets equity exposure between 70% and 85%. Equity exposure may vary above or below this range depending on market conditions.

The Program seeks to participate opportunistically in global investment uptrends, while aiming to limit downside risk. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview
Moderate Allocation Program

The Sierra Moderate Allocation Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers a diversified multi-asset portfolio designed for investors with a moderate risk profile. When equities are in an uptrend, the Program targets equity exposure between 50% and 70%. Equity exposure may vary above or below this range depending on market conditions.

The Program seeks to participate opportunistically in global investment uptrends, while aiming to limit downside risk. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview
Moderately Conservative Allocation Program

The Sierra Moderately Conservative Allocation Program (the “Program”) has two objectives, to provide total return and to limit exposure to market risk.

The Program offers a diversified multi-asset portfolio designed for investors with a moderately conservative risk profile. When equities are in an uptrend, the Program targets equity exposure between 30% and 50%. Equity exposure may vary above or below this range depending on market conditions.

The Program seeks to participate opportunistically in global investment uptrends, while aiming to limit downside risk. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview
Conservative Allocation Program

The Sierra Conservative Allocation Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers a diversified multi-asset portfolio designed for investors with a conservative risk profile. When equities are in an uptrend, the Program targets equity exposure between 15% and 30%. Equity exposure may vary above or below this range depending on market conditions.

The Program seeks to participate opportunistically in global investment uptrends, while aiming to limit downside risk. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview

Specialized Programs

Strategic Income
Program

The Sierra Strategic Income Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers exposure to an income-oriented portfolio. Income-oriented asset classes include, but are not limited to, government bonds, corporate bonds, floating rate notes, preferred securities, convertibles and master limited partnerships (MLPs). The Program may hold funds that primarily invest in either investment grade or non-investment grade securities.

The Program seeks to participate opportunistically in global uptrends in income-oriented funds, while aiming to limit downside risk. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview
Tactical Bond
Program

The Sierra Tactical Bond Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers exposure to high yield corporate bonds and long-term Treasuries. The Program will tactically allocate between high yield corporate bond funds, long-term Treasury funds, and cash equivalents and/or short term bond funds.

The Program seeks to participate opportunistically in bond market uptrends. When high yield corporate bonds are in an uptrend, the Program will be invested across several high yield corporate bond funds. When high yield corporate bonds are not in an uptrend, the Program may invest in long-term Treasuries, provided that long-term Treasuries are in an uptrend. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview
High Yield Corporate
Bond Program

The Sierra High Yield Corporate Bond Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers exposure to high yield corporate bonds. The Program will tactically allocate between high yield corporate bond funds and cash equivalents and/or short term bond funds.

The Program seeks to participate opportunistically in high yield corporate bond market uptrends. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview
Municipal Bond
Program

The Sierra Municipal Bond Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers exposure to municipal bonds of any credit quality and maturity. The Program will tactically allocate between municipal bond funds and cash equivalents and/or short term bond funds. The Program may also invest in state-specific municipal bond funds.

The Program seeks to participate opportunistically in municipal bond market uptrends. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview
California Municipal
Bond Program

The Sierra California Municipal Bond Program (the “Program”) has two objectives, to provide total return and to limit exposure to downside risk.

The Program offers exposure to California municipal bonds. The Program will tactically allocate between California municipal bond funds and cash equivalents and/or short term bond funds. The Program will invest in both investment grade and non-investment grade California municipal bond funds. The Program may also invest in national municipal bond funds.

The Program seeks to participate opportunistically in California municipal bond market uptrends. Sierra programs directly hold registered funds (“Funds”). Exposure to equity, fixed income, or cash allocations are therefore viewed through the underlying holdings of each Fund directly held in Sierra Programs on a look-through basis.

Program Summary Overview

Investments are made through registered funds. “Stock” allocations depicted are representative of equity allocated funds. Additional information on each program is available upon request. Allocations and holdings are subject to change at any time. For illustrative purposes only. Results may differ materially.

SIM Investment Team around table

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If our investment process aligns with your needs, we believe Sierra is the ideal partner to help manage your wealth.

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