Ocean Park Tactical Municipal Instl (STMEX)
| Fund Assets | 180.78M |
| Expense Ratio | 1.70% |
| Min. Investment | $10,000 |
| Turnover | 52.00% |
| Dividend (ttm) | 0.85 |
| Dividend Yield | 3.51% |
| Dividend Growth | 22.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 24.20 |
| YTD Return | -3.55% |
| 1-Year Return | -5.23% |
| 5-Year Return | 6.56% |
| 52-Week Low | 23.47 |
| 52-Week High | 26.10 |
| Beta (5Y) | n/a |
| Holdings | 32 |
| Inception Date | Dec 27, 2018 |
About STMEX
Ocean Park Tactical Municipal Fund Institutional Shares is a mutual fund focused on pursuing long-term total return, including tax-free income, primarily through investments in U.S. municipal bonds. The fund’s strategy is distinctive in its tactical approach—seeking to enhance returns and control portfolio risk by dynamically allocating among various municipal bond funds and exchange-traded funds (ETFs). Its primary objective is twofold: to provide total return while working to limit exposure to downside risks typically associated with fixed-income securities. Managed by an experienced team, the fund holds a concentrated portfolio, with a large portion of assets allocated to high-yield municipal bond funds and ETFs, as shown by its top holdings which include prominent municipal bond vehicles. The fund is positioned within the high yield municipal category and is designed to appeal to investors who seek income that is generally exempt from federal taxes, alongside an emphasis on risk management. It benchmarks its performance against the Bloomberg Municipal Bond Index, aiming to offer an attractive blend of yield, diversification, and tactical risk controls in the broader context of the municipal bond market.
Performance
STMEX had a total return of -5.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.08%.
Top 10 Holdings
90.82% of assets| Name | Symbol | Weight |
|---|---|---|
| Allspring Municipal Bond Inst | WMBIX | 19.31% |
| Nuveen High Yield Municipal Bond I | NHMRX | 17.64% |
| Nuveen Short Duration Hi Yld Muni Bd I | NVHIX | 11.82% |
| PIMCO High Yield Municipal Bond I | PHMIX | 11.29% |
| PIMCO Municipal Bond Fund | PFMIX | 5.84% |
| Nuveen All-American Municipal Bond I | FAARX | 5.67% |
| Russell Inv Tax-Exempt High Yield Bd S | RTHSX | 5.66% |
| SPDR Nuveen ICE High Yield Municipal Bond ETF | HYMB | 5.63% |
| Thornburg Limited Term Municipal Fund | LTMIX | 5.15% |
| First Trust Municipal High Income ETF | FMHI | 2.80% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.0975 | Aug 29, 2025 |
| Jul 30, 2025 | $0.082 | Jul 31, 2025 |
| Jun 27, 2025 | $0.0682 | Jun 30, 2025 |
| May 29, 2025 | $0.0528 | May 30, 2025 |
| Apr 29, 2025 | $0.0918 | Apr 30, 2025 |
| Mar 28, 2025 | $0.0682 | Mar 31, 2025 |