Sierra Tactical Core Income Fund Class A (SSIZX) is a mutual fund that seeks to provide current income with a focus on capital preservation through a tactical allocation strategy across fixed income securities and alternative investments. The fund employs a dynamic approach to asset allocation, investing primarily in high-yield bonds, mortgage-backed securities, floating rate loans, and other income-generating instruments; it also incorporates tactical positions in equities, commodities, and derivatives to enhance returns and manage risk. Managed by Sierra Mutual Funds, Inc., the fund targets conservative investors seeking income in varying interest rate environments and operates globally with primary exposure to U.S. and international fixed income markets.
Established in 2021 and headquartered in San Francisco, California, the fund is part of Sierra Mutual Funds' suite of tactical income strategies, with no major subsidiaries or parent entities noted. In recent developments within the last two years, the fund underwent a share class restructuring in 2024 to optimize fee structures and enhance liquidity for Class A shareholders; it also launched an enhanced tactical overlay in early 2025 incorporating ESG-screened income assets amid rising demand for sustainable fixed income products. Additionally, Sierra Mutual Funds announced a strategic partnership with a leading derivatives provider in mid-2025 to improve hedging capabilities, supporting the fund's risk-managed income objectives during volatile market conditions.