Fund Evaluator:
Ocean Park Tactical Core Growth Instl (STEJX)
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Best Performing in Tactical Allocation Over the Last Year
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Fund Details
Ocean Park Tactical Core Growth Instl Overview
Ocean Park Tactical Core Growth Instl (STEJX) is an actively managed Allocation Tactical Allocation fund. Ocean Park Asset Management, LLC launched the fund in 2023.
The investment seeks long-term total return while seeking to limit volatility and downside risk. The fund invests in mutual funds and exchange-traded funds (“ETFs”) that primarily invest in domestic and international equities, including emerging markets. The fund can also invest in U.S. Treasury d, directly or through mutual funds and ETFs (collectively “Treasuries”), ultra-short-term bond mutual funds and ETFs, and money market funds.
About Ocean Park Tactical Core Growth Instl (STEJX)
There are 4 members of the management team with an average tenure of 2.65 years: Kenneth Sleeper (2023), Ryan Harder (2023), James St. Aubin (2024), Marshall Quan (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Morningstar US Market NR USD index with a weighting of 100% and Morningstar Global Markets xUS NR USD index with a weighting of 100%. Ocean Park Tactical Core Growth Instl has 33 securities in its portfolio. The top 10 holdings constitute 68.1% 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 Core Growth Instl is part of the Allocation global asset class and is within the Allocation fund group. Ocean Park Tactical Core Growth Instl has 26.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 71.7%. There is 26.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Ocean Park Tactical Core Growth Instl has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $222 million average for the Tactical 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.
STEJX 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 Core Growth Instl expense ratio is high compared to funds in the Tactical Allocation category. Ocean Park Tactical Core Growth Instl has an expense ratio of 1.24%, which is 30% lower than its category average, making the fund expense ratio grade a B. 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 Core Growth Instl has a portfolio turnover rate of 236%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.
Recently, in the month of July 2026, Ocean Park Tactical Core Growth Instl returned -2.2%, which earned it a grade of F, as the Tactical Allocation category had an average return of -0.9%. 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 Core Growth Instl has a trailing yield of 0.66%, which is below the 2.86% 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 Tactical Core Growth Instl Grades
Year to date, the fund has returned 9.2%, 0.9 percentage points better than the category, which translates into a grade of B. The fund has returned 18.3% over the past year (grade of B).
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STEJX 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 |
|
| STEJX Return (NAV) | -2.2% | 2.5% | 18.3% | na | na | na |
| STEJX Grade | F | B | B | na | na | na |
| +/- Category | -1.4% | 1.0% | 2.2% | na | na | na |
| Tactical Allocation Avg | -0.9% | 1.5% | 16.2% | 10.6% | 5.3% | 6.3% |
| STEJX Tax Cost Ratio | na | na | 0.3% | na | na | na |
STEJX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| STEJX Return (NAV) | 9.2% | 7.6% | 10.4% | na | na | na | na | na | na | na | na |
| STEJX Grade | B | F | B | na | na | na | na | na | na | na | na |
| +/- Category | 0.9% | -5.1% | 1.5% | na | na | na | na | na | na | na | na |
| Tactical Allocation Avg | 8.4% | 12.7% | 8.9% | 10.8% | -13.1% | 12.7% | 10.2% | 13.5% | -6.2% | 13.2% | 5.6% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $17 Mil |
| Fund Total Assets: | $ 17 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 236% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 2.8 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Sleeper Kenneth (2023), Harder Ryan (2023), Quan Marshall (2023), St. Aubin James (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 33 |
| % in Top 10 Holdings: | 68.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 26.9% |
Portfolio Allocation |
|
| Domestic Stock: | 71.7% |
| Foreign Stock: | 26.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 1.2% |
Purchase Information
| Fund Family: | Ocean Park Asset Management, LLC |
| Phone Number: | 866-738-4363 |
| Website: |
| Status: | Open |
| Inception Date: | September 29, 2023 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.24% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | Ocean Park Tactical Core Growth Instl |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
