Deer Park Total Return Credit A (DPFAX)
| Fund Assets | 113.00M |
| Expense Ratio | 2.09% |
| Min. Investment | $2,500 |
| Turnover | 40.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 6.80% |
| Dividend Growth | 0.23% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 8.03 |
| YTD Return | 1.56% |
| 1-Year Return | -1.55% |
| 5-Year Return | 1.26% |
| 52-Week Low | 7.95 |
| 52-Week High | 8.49 |
| Beta (5Y) | 0.07 |
| Holdings | 321 |
| Inception Date | Oct 16, 2015 |
About DPFAX
Deer Park Total Return Credit Fund Class A is an open-end mutual fund focused on income and capital appreciation through credit-sensitive securitized markets. The strategy centers on deeply discounted, high‑yielding mortgage‑backed and asset‑backed securities that the adviser deems significantly undervalued, with portfolios typically emphasizing high cash‑flow bonds and relatively short durations to help manage interest‑rate risk. The fund primarily invests in asset‑backed debt securities, predominantly backed by mortgages on real estate, while maintaining daily liquidity under the Investment Company Act of 1940. It targets opportunities across legacy non‑agency residential and commercial mortgage exposures and other collateralized structures within the broader structured‑credit universe, seeking to capitalize on dislocations and prepayment or recovery dynamics in seasoned pools. The Class A share class offers 1099 tax reporting and low minimums, positioning the vehicle for accessibility to a wide range of investors who allocate to securitized credit within diversified fixed‑income sleeves. Morningstar covers the share class, reflecting its footprint in the U.S. mutual fund market for specialized credit strategies.
Performance
DPFAX had a total return of -1.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.76%.
Top 10 Holdings
22.91% of assets| Name | Symbol | Weight |
|---|---|---|
| Home Eqty Ln Tst - HELT 2007-FRE1 M1 | HELT.2007-FRE1 M1 | 2.68% |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5 - WFCM 2013-LC12 D | WFCM.2013-LC12 D | 2.50% |
| Saxon Asset Securities Trust 2004-2 - SAST 2007-4 M1 | SAST.2007-4 M1 | 2.43% |
| Carrington Mortgage Loan Trust - CARR 2005-FRE1 M4 | CARR.2005-FRE1 M4 | 2.33% |
| JPMBB Commercial Mortgage Securities Trust 2016-C1 - JPMBB 2016-C1 E | JPMBB.2016-C1 E | 2.32% |
| Starwood Retail Property Trust 2014-Star - SRPT 2014-STAR A | SRPT.2014-STAR A | 2.28% |
| Citigroup Mortgage Loan Trust Inc. - CMLTI 2005-HE4 M5 | n/a | 2.18% |
| Morgan Stanley Bank Of America Merrill Lynch Trust - MSBAM 2016-C30 E | MSBAM.2016-C30 E | 2.17% |
| Bear Stearns Mortgage Funding Trust 2006-Ar5 - BSMF 2006-AR5 1A2 | n/a | 2.12% |
| Bear Stearns Mortgage Funding Trust 2007-Ar1 - BSMF 2007-AR1 1A2 | BSMF.2007-AR1 1A2 | 1.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.0484 | Aug 29, 2025 |
| Jul 30, 2025 | $0.0482 | Jul 31, 2025 |
| Jun 27, 2025 | $0.0484 | Jun 30, 2025 |
| May 29, 2025 | $0.0483 | May 30, 2025 |
| Apr 29, 2025 | $0.0482 | Apr 30, 2025 |
| Mar 28, 2025 | $0.0484 | Mar 31, 2025 |