Sierra Tactical Bond Program

Ideal for investors seeking higher returns than traditional bond strategies, but with greater diversification than the Sierra High Yield Corporate Bond Program.

Program Description

The Sierra Tactical Bond Program seeks to produce satisfying long-term returns while limiting downside risk. It uses a tactical approach to move between three uncorrelated asset classes: High Yield Corporate Bonds, U.S. Treasuries, or Cash. Tactical Bond Program accounts are diversified among typically eight or more High Yield Corporate Bond mutual funds. When each underlying High Yield Corporate Bond mutual fund hits its sell point, we will move the relevant assets temporarily into a long-term Treasury bond fund, provided the Treasury fund is in an uptrend, until the next set of buy signals in the High Yield Corporate Bond funds. If the Treasury fund is not in an uptrend, we will instead move temporarily into a money market fund until either the High Yield Corporate Bond funds or Treasury fund gives an new buy signal.


Targets an average annual total return of 6%-8% or more per year, after fees, while limiting downside risk to 5%, even in a bad month or quarter.

*Although Sierra believes its risk-mitigating disciplines will continue to limit the impact of major market declines, no assurance can be given that these goals can be consistently achieved in the future.