Deer Park Total Return Credit I (DPFNX)
| Fund Assets | 113.00M |
| Expense Ratio | 1.84% |
| Min. Investment | $100,000 |
| Turnover | 40.00% |
| Dividend (ttm) | 0.60 |
| Dividend Yield | 7.46% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 8.05 |
| YTD Return | 1.61% |
| 1-Year Return | -1.40% |
| 5-Year Return | 2.56% |
| 52-Week Low | 7.97 |
| 52-Week High | 8.50 |
| Beta (5Y) | n/a |
| Holdings | 321 |
| Inception Date | Oct 16, 2015 |
About DPFNX
Deer Park Total Return Credit Fund – Class I is an open-end mutual fund focused on generating income and total return from securitized credit. According to its stated objective, the fund seeks income and capital appreciation by investing primarily in asset‑backed debt securities, predominantly those backed by residential and other real estate mortgages, including legacy non‑agency mortgage-backed securities and related collateralized structures. The strategy emphasizes discounted, high-yielding mortgage-backed and asset-backed credit, drawing on specialized analysis of loan pools, deal structures, and servicer behavior. Positioned within the high yield bond category, the fund’s portfolio is largely securitized credit exposures rather than traditional corporate high yield bonds, reflecting a niche role in the market for complex structured products. Class I shares are designed for institutional investors, featuring a higher minimum initial investment and institutional pricing. By concentrating on seasoned mortgage credit and other ABS, the fund serves investors seeking diversified exposure to U.S. securitized markets and the potential for cash flows tied to housing and consumer credit cycles, while relying on active security selection, structural analysis, and risk management across tranches and vintages.
Performance
DPFNX had a total return of -1.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.02%.
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 | $0.050 | Aug 29, 2025 |
| Jul 30, 2025 | $0.050 | Jul 31, 2025 |
| Jun 27, 2025 | $0.050 | Jun 30, 2025 |
| May 29, 2025 | $0.050 | May 30, 2025 |
| Apr 29, 2025 | $0.050 | Apr 30, 2025 |
| Mar 28, 2025 | $0.050 | Mar 31, 2025 |