SIERRA TACTICAL CORE INCOME FUND
OBJECTIVES & STRATEGY

The Sierra Tactical Core Income Fund has two investment goals:

  1. To limit volatility and downside risk, even in a month or quarter where the broader global markets are extremely volatile.
  2. To produce satisfying returns for the client.

The Portfolio Managers analyze and allocate portions of the fund’s portfolio to a wide range of income-oriented asset classes. Each decision must serve one or both of the fund’s two goals: to enhance total return and/or to reduce the overall volatility and downside risk of the portfolio.

The Sierra Tactical Core Income Fund seeks to pay a monthly dividend to its shareholders.

Past performance does not guarantee future results and there is no assurance that the Fund will achieve its investment objective.


Please be advised that effective April 16, 2018, the name of the Sierra Strategic Income Fund was changed to Sierra Tactical Core Income Fund. Consequently, all references to Sierra Strategic Income Fund in the Fund's Prospectus and Statement of Additional Information are deleted and replaced with Sierra Tactical Core Income Fund.

The principal investment strategies and principal investment risks for the Sierra Tactical Core Income Fund have not changed.

The benchmark for the Sierra Tactical Core Income Fund is the Bloomberg Barclays U.S. Aggregate Bond Index, which is a broad-based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market.

PERFORMANCE AND COMPOSITION

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Record Date:

The date the distribution amount is declared.

Ex-Date / Pay Date: The date the distribution is paid to investors.

The Information for this particular tab is presently in the process of being compiled and will ready in the very near future... Please check back with us shortly.

Asset Allocation as of


Class R (SSIRX)

Total Annual Operating Expenses are 1.80%, no Sales Charge (commission or (SSIRX) “load”) or 12b-1 fee.

Class A (SSIZX)

The Total Annual Operating Expenses are 2.18%; Front-End Sales Charge (SSIZX) (commission or “load”) of 5.75%, with lower rates for accounts over $50,000; 12b-1 distribution fee which can be up to .40% per year.

Class C (SSICX)

Total Annual Operating Expenses are 2.78%; no Sales Charge (commission or (SSICX) “load”); 12b-1 distribution fee which can be up to 1.00% per year.

Class I (SSIIX)

Total Annual Operating Expenses are 2.18%; no Sales Charge (commission or “load”); (SSIIX) 12b-1 distribution fee which can be up to .40% per year.

Class Y (SSIYX)

Total Annual Operating Expenses are 1.78%; No Sales Charge (commission or “load”) (SSIYX) or 12b-1 fee.

Note: The Total Annual Operating Expenses include expenses of the underlying funds, which are estimated at 0.83% per year.

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 1-866-738-4363 (1-866-RETI-FND).

  1. Represents the percentage increase/decrease in the net asset value from the prior trading day.
  2. Performance for periods less than one year is not annualized.
  3. The Sierra Tactical Core Income Fund commenced operations on December 21, 2011.

Portfolio holdings are subject to change, vary over time and should not be considered a recommendation to buy any individual security.

Portfolio holdings are subject to change, vary over time and should not be considered a recommendation to buy and individual security.