OASRX — Oakhurst Strategic Defined Risk Fund
Data updated: 2026-03-30
OASRX — Oakhurst Strategic Defined Risk Fund. Market-Neutral · $72.26M AUM · 1.83% expense ratio. Holdings, fees, performance and SEC filings.
OASRX Fund Overview
OASRX — Oakhurst Strategic Defined Risk Fund is a US mutual fund managed by Series Portfolios Trust, categorised as Market-Neutral. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Series Portfolios Trust
- Category: Market-Neutral
- Assets under management: $72.26M
- Ticker: OASRX
- SEC CIK: 0001650149
- SEC series ID: S000054556
- Share class ID: C000171307
OASRX Investment Objective and Strategy
Oakhurst Strategic Defined Risk Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Series Portfolios Trust.
Investment objective
The Oakhurst Strategic Defined Risk Fund (the Fund) seeks capital appreciation while seeking to limit short-term risk.
Principal investment strategy
The Advisor seeks to achieve the Funds investment objective by pursuing a variety of alternative investment strategies, including hedging strategies. The Advisor implements the strategies primarily through a fund of funds structure, allocating Fund assets among one or more investment companies, including mutual funds, exchange-traded funds (ETFs) and hedge funds (including real estate hedge funds) (the Underlying Funds). The Fund may, at times, also implement these strategies directly. The Fund invests principally in unaffiliated open-end investment companies. The Advisor seeks to deliver risk-adjusted returns relative to the overall equity market, as reflected in the MSCI All Country World Index, during a wide range of market conditions. The Advisor invests in Underlying Funds that expose the Fund to a variety of alternative investment strategies including, but not limited to, (i) long/short strategies that combine long investments with short sales; (ii) market neutral strategies designed to produce consistent returns regardless of market conditions; (iii) opportunistic strategies that allow the Fund to capitalize on changing market conditions; (iv) credit and derivatives strategies that seek to use leverage to increase potential gains; and (v) and global macro strategies , which represent a variety of globally-oriented or international-focused long/short equity strategies.
The selection of, and allocation among, the Underlying Funds is determined by the Advisor through a proprietary methodology which seeks low volatility risk-adjusted returns using quantitative and qualitative factors. The qualitative investment process seeks to determine overall market conditions and identify a universe of Underlying Funds in which the Fund may invest. Factors considered in the qualitative analysis of potential Underlying Funds may include, but are not limited to: analysis of an investment companys process and methodology for selecting investments, underlying philosophy driving investments, and investment personnel. The quantitative selection process seeks to identify those Underlying Funds that may provide better risk-adjusted returns relative to the overall equity market.
Among other factors, the quantitative selection process takes into account an Underlying Funds expense ratio, as well as the after-expense performance of the Underlying Fund as measured daily at the close of the New York Stock Exchange (NYSE). Volatility is a measure of the fluctuations in a financial instruments value over time and greater volatility typically results from rapid price swings. The Advisor intends on maintaining the portfolios volatility at roughly 30-70% of the volatility of the MSCI All Country World Index under normal market conditions, which the Advisor uses as a representation of the overall equity markets. For example, if the volatility of the MSCI All Country World Index is 16%, then the Advisor intends on maintaining the Funds volatility between 4.8% and 11.2% (30% of 16% and 70% of 16%, respectively).
The Advisor reserves the ability to manage the Funds assets below or above the 30-70% volatility range based on market conditions. The Fund will invest primarily through other investment companies, including ETFs, which may in turn invest in stocks, options, futures, and fixed-income securities, including fixed-incomes securities that are below investment grade, also referred to as high yield securities or junk bonds, ( i.e., securities that receive low ratings from independent rating agencies, such as those rated lower than BBB- by Standard & Poors (S&P) and Baa3 by Moodys Investors Service, Inc. (Moodys), or if unrated, are determined to be of equivalent quality by the Advisor), in proportions consistent with the Advisors evaluation of their expected risks and returns. The fixed-income securities in which the Fund invests may have maturities or duration of any length and may have variable and floating interest rates.
The Fund may invest without regard to market capitalization and/or geographic location. The Funds strategy is designed to provide the Fund with more stable returns over a wide range of fixed-income and equity market environments. The Fund may also invest directly in illiquid securities (limited to 15% of the Funds net assets), including limited partnership interests. To a limited extent, such illiquid investments may include hedge funds, which are private funds that charge a performance fee and which the Fund generally considers to be illiquid. The Fund may also invest in other private funds that are considered more liquid. The Fund, through the Underlying Funds, may also short sell securities based on market conditions. Though not a principal part of its strategy, the Fund may, at times, invest directly in each of these types of securities, except that the Fund will not short sell securities that it holds directly.
The Fund may, however, invest directly in inverse ETFs. While the Fund is considered diversified, it may invest in a single Underlying Fund or small group of issuers. Investment Process . When reviewing investment opportunities for the Fund, the Advisor considers various factors regarding the Underlying Funds including macroeconomic conditions, corporate earnings of the Underlying Funds holdings, anticipated inflation and interest rates, consumer risk and its perception of the outlook of the capital markets as a whole. A macroeconomic strategy focuses on broad trends and is generally distinguished from a strategy that focuses on the prospects of particular companies or issuers. The Advisor may allocate the Funds investments between Underlying Funds that invest in equity and fixed-income securities at its discretion, without limitation.
Investment selection for the Fund is driven by the Advisors quantitative and qualitative analysis of market conditions, the Advisors perception of investor sentiment and investment flows. Once the Advisor has identified target allocations given market conditions, it seeks to implement those allocations in an effort to achieve risk-adjusted Fund returns while also reducing volatility. The Advisor makes buy and sell decisions primarily based on the assessment of current market conditions and future expectations. In addition, investments selected are expected to meet their goals over time. Generally, when an investment underperforms for two quarters the Advisor will sell such holdings unless the Advisor determines there is a justification for continued investment.
OASRX Holdings
Top 2 holdings of Oakhurst Strategic Defined Risk Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Government Obli | 45.29% |
| State Street SPDR S&P 500 ETF | 15.72% |
OASRX Portfolio Allocation
Asset-class allocation of Oakhurst Strategic Defined Risk Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 45.3% |
| Derivatives | 18.3% |
| Equity | 15.7% |
OASRX Performance
Total returns for OASRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 10.3% |
| 3 years (annualised) | 14.3% |
| 5 years (annualised) | 8.9% |
OASRX Risk Information
Risk metrics for OASRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.6%
OASRX Costs and Fees
OASRX costs about $183 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.83%
- Gross expense ratio: 1.83%
- Portfolio turnover: 6%
- Brokerage commissions: 1.48 bps of average net assets (SEC N-CEN)
OASRX Cashflows
Over the 12 months to 2026-01, Oakhurst Strategic Defined Risk Fund had net outflows of $6.74M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-01 | −$452.39K |
| 2025-12 | $3.87M |
| 2025-11 | $43.88K |
| 2025-10 | −$216.99K |
| 2025-09 | $718.48K |
| 2025-08 | −$1.21M |
OASRX Debt Constituents
No individual debt constituents are reported in Oakhurst Strategic Defined Risk Fund's latest SEC N-PORT filing.
OASRX Prospectus and SEC Filings
Official Oakhurst Strategic Defined Risk Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-08-27
- Prospectus (485BPOS) — filed 2024-08-26
- Prospectus (485BPOS) — filed 2023-08-28
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Portfolio holdings (N-PORT) — filed 2025-12-29
- Portfolio holdings (N-PORT) — filed 2025-09-26
- Annual census (N-CEN) — filed 2025-07-14
- Annual census (N-CEN) — filed 2024-07-15
Related Funds
Other Market-Neutral funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.