FAQs

Shares of the Sierra Tactical All Asset Fund may be purchased by sending a completed new account application to:

Sierra Tactical All Asset Fund, c/o Gemini Fund Services, LLC
17605 Wright Street, Suite 2
Omaha, NE 68130

 

For more information call 1-866-738-4363.

Shares of the Sierra Tactical All Asset Fund are also available on the many investment platforms. Please view the Sierra Tactical All Asset Fund information page for more information.

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The Fund’s two investment objectives are to provide long-term total return (the combination of yield and net price gains from the underlying funds) and to limit volatility and downside risk.

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The Sierra Tactical All Asset Fund, previously known as the Sierra Core Retirement Fund, is a fund-of-funds. The Adviser seeks to achieve the Fund's investment objectives by investing in (1) open-end investment companies (“mutual funds”), (2) exchange-traded funds (“ETFs”), and (3) closed-end investment companies (collectively "underlying funds") using the Adviser's multi-asset diversification strategy. The Adviser constructs the Fund's broadly-diversified investment portfolio by investing at various times in a wide range of underlying funds that invest in various security and investment categories (each an “asset class”).

Underlying Funds include those that invest in:

• Equity securities (common and preferred stock) of both domestic and foreign companies of various sizes,
• Fixed-income securities of domestic and foreign corporate and government issuers, without restriction as to maturity or credit quality, including "high yield" securities,
• Physical commodities, such as crude oil, copper and wheat, through mutual funds and ETFs that invest in commodity-linked derivatives,
• Currencies and the Dollar Index, and its inverse,
• Funds that tend to rise in value when interest rates rise, and
• Money market instruments.

For additional information about the Sierra Tactical All Asset Fund’s investment strategies, please review the prospectus.

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Mutual fund investing involves many risks, including the possible loss of principal. For more detail about the specific risks associated with investing in the Sierra Tactical All Asset Fund, please review the Funds' prospectus.

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The Fund's two investment objectives are to provide total return (with income contributing a significant part) and to limit volatility and downside risk.

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The Sierra Tactical Core Income Fund is a fund-of-funds and will invest in (1) open-end investment companies (“mutual funds”), (2) exchange-traded funds ("ETFs"), and (3) exchange-traded notes ("ETNs") (collectively "Underlying Funds"). The Adviser seeks to achieve the Fund's investment objectives by investing primarily in underlying funds that in turn invest in a wide variety of fixed-income instruments of any maturity, including domestic and foreign bonds, some of which are hedged against currency risk, funds that are designed to have returns that are inverse to the 10-year U.S. Treasury note or the 30-year U.S. Treasury bond, as well as real estate investment trusts ("REITs") and other income-generating underlying assets. The Fund invests in Underlying Funds without restriction as to issuer credit quality (including "high-yield" or "junk bonds"), capitalization, country or the individual security maturity of the securities held by the Underlying Funds. The Fund defines high-yield securities, also known as junk bonds, as fixed income securities rated below investment grade (rated BB+ or lower by S&P or comparably rated by another nationally recognized statistical rating organization (NRSRO)).

Among the types of underlying instruments in which this Fund will invest, through underlying funds, are the following:

   
• Ultra-short-term bonds,
• U.S. government bonds and agency instruments,
• Floating rate instruments,
• Municipal bonds,
• High-yield corporate bonds,
• High-grade corporate bonds,
• Emerging market bonds,
• Bonds of emerging market countries,
• Bonds of European countries,
• REIT common and preferred stocks, and
• Master-Limited partnerships (“MLPs”)

For additional information about the Sierra Tactical Core Income Fund’s investment strategies, please review the prospectus.

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Mutual fund investing involves many risks, including the possible loss of principal. For more detail about the specific risks associated with investing in the Sierra Tactical Core Income Fund, please review the prospectus.

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Shares of the Sierra Tactical Core Income Fund may be purchased by sending a completed application to:

Sierra Tactical Core Income Fund, c/o Gemini Fund Services, LLC
17605 Wright Street, Suite 2
Omaha, NE 68130

For more information, please call 1-866-738-4363. Shares of the Sierra Tactical Core Income Fund are also available on the many investment platforms. Please view the Sierra Tactical Core Income Fund information page for a detailed listing. 

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