Ocean Park Tactical Municipal Fund Institutional Shares (STMEX)

Fund Assets	124.00M
Expense Ratio	1.668%
Min. Investment	$10,000
Turnover	200.00%
Dividend (ttm)	0.83
Dividend Yield	3.54%
Dividend Growth	-1.28%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 29, 2026

Previous Close	23.36
YTD Return	-1.05%
1-Year Return	-0.57%
5-Year Return	1.16%
52-Week Low	23.34
52-Week High	24.58
Beta (5Y)	n/a
Holdings	23
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.

• Fund Family: Ocean Park Asset Management, LLC
• Category: High Yield Muni
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: STMEX
• Share Class: Instl Class Shares
• Index: Bloomberg Municipal Bond TR

Performance

STMEX had a total return of -0.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.97%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
STMYX	Class Special Shares	1.50%
STMKX	Class A Shares	1.81%
STMNX	Investor Class Shares	1.95%
STMHX	Class C Shares	2.56%

Top 10 Holdings

99.72% of assets

Name	Symbol	Weight
Nuveen High Yield Municipal Bond I	NHMRX	22.64%
Allspring Municipal Bond Inst	WMBIX	20.76%
PIMCO High Yield Municipal Bond I	PHMIX	20.12%
American High-Income Municipal Bond F-3	HIMFX	18.42%
Russell Inv Tax-Exempt High Yield Bd S	RTHSX	8.96%
First Trust Municipal High Income ETF	FMHI	3.94%
Franklin Dynamic Municipal Bond ETF	FLMI	2.87%
Invesco National AMT-Free Municipal Bond ETF	PZA	1.55%
Nuveen Short Duration Hi Yld Muni Bd I	NVHIX	0.32%
First American Government Obligs U	FGUXX	0.15%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.0579	Sep 30, 2026
Aug 28, 2026	$0.0668	Aug 31, 2026
Jul 30, 2026	$0.0725	Jul 31, 2026
Jun 29, 2026	$0.0692	Jun 30, 2026
May 28, 2026	$0.0675	May 29, 2026
Apr 29, 2026	$0.0726	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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