Ocean Park Tactical Municipal Investor (STMNX)
| Fund Assets | 180.78M |
| Expense Ratio | 2.03% |
| Min. Investment | $10,000 |
| Turnover | 52.00% |
| Dividend (ttm) | 0.74 |
| Dividend Yield | 3.03% |
| Dividend Growth | 25.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 24.31 |
| YTD Return | -3.69% |
| 1-Year Return | -5.46% |
| 5-Year Return | 4.82% |
| 52-Week Low | 23.55 |
| 52-Week High | 26.17 |
| Beta (5Y) | n/a |
| Holdings | 32 |
| Inception Date | Dec 27, 2018 |
About STMNX
Ocean Park Tactical Municipal Fund Investor Shares is an open-end mutual fund that primarily seeks to deliver total return—comprising both income and capital appreciation—while actively managing to limit downside risk. The fund allocates at least 80% of its assets to funds invested in municipal bonds or related municipal debt instruments, with a focus on high-yield and tax-exempt securities. Distinctly tactical, its portfolio management team strategically rotates exposure between municipal bond funds and cash equivalents depending on prevailing market trends, aiming to capitalize on periods of municipal bond strength while preserving capital during downturns. The fund maintains a concentrated portfolio among a select group of underlying municipal-focused mutual funds and ETFs, spanning various credit qualities and maturities. Designed for investors seeking both regular monthly income and a measured approach to risk, this fund plays a notable role in diversified portfolios, especially for those interested in tax-advantaged income. It reflects Ocean Park’s rules-based, trend-following investment philosophy and disciplined risk management, offering a differentiated approach within the municipal bond fund category.
Performance
STMNX had a total return of -5.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.72%.
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 | $0.0821 | Aug 29, 2025 |
| Jul 30, 2025 | $0.0734 | Jul 31, 2025 |
| Jun 27, 2025 | $0.0606 | Jun 30, 2025 |
| May 29, 2025 | $0.0447 | May 30, 2025 |
| Apr 29, 2025 | $0.0828 | Apr 30, 2025 |
| Mar 28, 2025 | $0.0599 | Mar 31, 2025 |