The High Yield Corporate Bond Program (HYCB) offers a professionally-selected portfolio diversified among several of the best-performing HYCB funds. This offers an excellent approach for a conservative investor seeking income. This asset class is positively correlated to the U.S. stock market but with significantly lower volatility. During times of high volatility, the assets may be invested in money market or similar “safe-haven” funds. The overall asset allocation and specific holdings may be changed at any time by the management team.
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The benchmark for the Sierra High Yield Corporate Bond Program 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.
It is not our goal to equal or exceed the stock market averages.