Fund Evaluator:

Ocean Park Tactical Risk Spectrum 50 C Overview

Ocean Park Tactical Risk Spectrum 50 C (SRFKX) is an actively managed Allocation Global Moderately Conservative Allocation fund. Ocean Park Asset Management, LLC launched the fund in 2021.

The investment seeks to provide total return and to limit exposure to downside risk. The fund is a “fund of funds”. The Adviser seeks to achieve the fund’s investment objective by investing in a combination of unaffiliated mutual funds and exchange traded funds (“ETFs”), (collectively, “underlying funds”). Under normal market conditions, the fund’s target exposure over a three-year period to equity securities, of any market capitalization, through the underlying funds will average between 30%-50% of the fund’s assets.

About Ocean Park Tactical Risk Spectrum 50 C (SRFKX)

There are 4 members of the management team with an average tenure of 3.82 years: Kenneth Sleeper (2021), Ryan Harder (2023), James Aubin (2024), Marshall Quan (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Morningstar US Mod Cons TgtRsk TR USD index with a weighting of 100%. Ocean Park Tactical Risk Spectrum 50 C has 73 securities in its portfolio. The top 10 holdings constitute 53.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Ocean Park Tactical Risk Spectrum 50 C is part of the Allocation global asset class and is within the Allocation fund group. Ocean Park Tactical Risk Spectrum 50 C has 26.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 35.2%. There is 13.2% allocated to foreign stock, and 1.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 51.1% (37.5% domestic bond, 13.6% foreign bond and 0.4% convertible bond). Ocean Park Tactical Risk Spectrum 50 C has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $304 million average for the Global Moderately Conservative Allocation 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.

SRFKX 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 Tactical Risk Spectrum 50 C expense ratio is high compared to funds in the Global Moderately Conservative Allocation category. Ocean Park Tactical Risk Spectrum 50 C has an expense ratio of 2.69%, which is 174% higher than its category average, making the fund expense ratio grade a F. 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 Tactical Risk Spectrum 50 C has a portfolio turnover rate of 168%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Moderately Conservative Allocation category.

Recently, in the month of July 2026, Ocean Park Tactical Risk Spectrum 50 C returned -0.9%, which earned it a grade of D, as the Global Moderately Conservative Allocation category had an average return of -0.5%. 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 funds in that category.

Ocean Park Tactical Risk Spectrum 50 C has a trailing yield of 1.30%, which is below the 3.07% category average. The fund normally distributes its income quarterly.

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 Tactical Risk Spectrum 50 C Grades

Year to date, the fund has returned 2.4%, 2.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 7.7% over the past year (grade of F), 4.9% over the past three years (grade of F) and 1.3% per year over the past five years (grade of F).

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