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Tactical Municipal Fund

STMEX
1 Day NAV Change as of 10/03/2024
-0.02
(-0.08%)
NAV Total Return as of 10/03/2024
3.85%

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 1-866-738-4363 (1-866-RETI-FND).

Asset Allocations

Portfolio holdings are subject to change, vary over time and should not be considered a recommendation to buy any individual security.

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Monthly Breakdown

Historical Breakdown

Holdings

Portfolio holdings are subject to change, vary over time and should not be considered a recommendation to buy any individual security.

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Performance

 

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Performance through Oct 3, 2024

Annual Return through Sep 30, 2024

Total Annual Operating Expenses are 1.84%, Total Annual Fund Operating Expenses after Fee Waiver and Reimbursement are 1.84%; no Sales Charge (commission or “load”) or 12b-1 distribution fee.

The performance presented above is net of the maximum sales charge (“load”) for the respective share class.

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 1-866-738-4363 (1-866-RETI-FND).

(1) Represents the percentage increase/decrease in the net asset value from the prior trading day.

(2) Performance for periods of less than one year is not annualized.

(3) The inception date of the Ocean Park Tactical Municipal Fund is December 26, 2018.

Distributions

 

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Record Date: The date the distribution amount is declared.
Ex-Date / Pay Date: The date the distribution is paid to investors.

Fund Documents

 

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Overview

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Investment Objectives

The Fund seeks total return, including tax-free income from the dividends of underlying municipal bond funds, while seeking to limit volatility and downside risk.

The interest income from muni bonds is tax-free at the federal level, a valuable benefit that is passed on to shareholders as to the monthly dividends from the Fund.

The Portfolio Managers typically diversify the Fund among ten or more underlying muni bond mutual funds and/or ETFs, and each holding is monitored daily. The Fund will typically be fully invested when the muni market is in a rising trend. During price declines in the muni bond market a proprietary stop-loss discipline is implemented, with the goal of limiting drawdowns in the price of the Fund. During such episodes, the Fund may be partly or fully in a tax-free money market fund until the muni bond market turns up again.

Managers seek to outperform the Bloomberg Barclays Municipal Bond Index.