ETF Evaluator:
Ocean Park Diversified Income ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Nontraditional Bond Over the Last Year
| 7.1% | Simplify Kayne Anderson Ey&InfrasCrdtETF (KNRG) |
| 6.8% | WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD) |
| 6.3% | ProShares High Yield—Interest Rate Hdgd (HYHG) |
| 6.0% | FolioBeyond Alt Inc and Int Rt Hdg ETF (RISR) |
| 5.6% | NEOS Enhanced Income Credit Select ETF (HYBI) |
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ETF Details
Ocean Park Diversified Income ETF Overview
Ocean Park Diversified Income ETF (DUKZ) is an actively managed Taxable Bond Nontraditional Bond exchange-traded fund (ETF). Ocean Park Asset Management ETF launched the ETF in 2024.
The investment seeks to provide total return and to limit exposure to downside risk.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by tactically allocating the fund’s assets between unaffiliated fixed income ETFs and cash equivalents. Under normal market conditions, the advisor expects to invest substantially all of its assets in underlying ETFs.
About Ocean Park Diversified Income ETF (DUKZ)
There are 3 members of the management team with an average tenure of 2.06 years: Kenneth Sleeper (2024), Ryan Harder (2024) and James St. Aubin (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Ocean Park Diversified Income ETF has 8 securities in its portfolio. The top 10 holdings constitute 85.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Ocean Park Diversified Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Ocean Park Diversified Income ETF has 37.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 83.6% (46.4% domestic bond, 37.2% foreign bond and 0.0% convertible bond). Ocean Park Diversified Income ETF has 16.4% of the portfolio in cash.
Assets Under Management
The fund has $50 million in total assets, which is below the $320 million average for the Nontraditional Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DUKZ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Ocean Park Diversified Income ETF expense ratio is high compared to funds in the Nontraditional Bond category. Ocean Park Diversified Income ETF has an expense ratio of 1.03%, which is 23% lower than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Ocean Park Diversified Income ETF has a portfolio turnover rate of 269%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 190% for the Nontraditional Bond category.
Recently, in the month of July 2026, Ocean Park Diversified Income ETF returned -1.3%, which earned it a grade of D, as the Nontraditional Bond category had an average return of -0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Ocean Park Diversified Income ETF has a trailing yield of 3.91%, which is below the 6.67% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Ocean Park Diversified Income ETF Grades
Year to date, the ETF has returned 1.5%, 1.5 percentage points better than the category, which translates into a grade of C. The fund has returned 4.7% over the past year (grade of B).
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DUKZ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DUKZ Return (NAV) | -1.3% | 0.2% | 4.7% | na | na | na |
| DUKZ Return (Price) | -1.4% | 0.2% | 4.7% | na | na | na |
| NAV +/- Price Return | 0.104% | 0.008% | -0.035% | na | na | na |
| Nontraditional Bond Avg | -0.4% | -0.6% | 2.7% | 5.4% | 3.4% | 4.3% |
| DUKZ Grade (NAV) | D | C | B | na | na | na |
| +/- Category (NAV) | -0.9% | 0.8% | 2.0% | na | na | na |
| DUKZ Tax-Cost Ratio | na | na | 1.6% | na | na | na |
DUKZ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DUKZ Return (NAV) | 1.5% | 4.1% | na | na | na | na | na | na | na | na | na |
| DUKZ Return (Price) | 1.4% | 4.2% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.098% | 0.040% | na | na | na | na | na | na | na | na | na |
| Nontraditional Bond Avg | 0.1% | 4.6% | 8.2% | 9.5% | -3.9% | 6.2% | 0.9% | 7.2% | -0.7% | 4.0% | 7.7% |
| DUKZ Grade (NAV) | C | D | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.5% | -0.5% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 3.9% |
| Total Assets: | $ 51 Mil |
| Share Class Assets: | $ 51 Mil |
| Turnover: | 269.0% |
| Expense Ratio: | 1.03% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.1 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Sleeper Kenneth (2024), Harder Ryan (2024), St. Aubin James (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 85.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 37.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 46.4% |
| Foreign Bond: | 37.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 16.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Ocean Park Asset Management ETF |
| Phone Number: | 866-738-4363 |
| Website: | |
| Inception Date: | July 10, 2024 |
Expenses and Fees
| Expense Ratio (%): | 1.03% (Rating: High) |
| Category Average Expense Ratio (%): | 1.34% |
