SIRIX Fees and Costs — Ocean Park Tactical All Asset Fund, Investor Class
Data updated: 2026-08-27
The net expense ratio is 2.17%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $204K in broker commissions, 0.0397% of average net assets, and portfolio turnover was 164%.
SIRIX Fees and Expenses
Annual operating expenses and sales charges of SIRIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.25% |
| Gross expense ratio | 2.17% |
| Fee waiver | — |
| Net expense ratio | 2.17% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SIRIX Costs Over Time
On $10,000 invested in SIRIX, assuming 5% a year before costs, total costs come to $1,349 over 5 years, cutting the return by 2.32% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.17%) | $228 | $702 | $1,202 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $36 | $125 |
| Total costs | $232 | $751 | $1,349 |
| Value after costs | $10,268 | $10,826 | $11,414 |
| Impact on return, per year | 2.32% | 2.32% | 2.32% |
SIRIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0397%
- Total broker commissions: $204K
- Bought from dealers (principal trades, not a cost): $328.7M
- Portfolio turnover (prospectus): 164%
- Securities on loan, average value: $40.5M
- Net income from securities lending: $225K (0.044% of average net assets)
SIRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $153K | 74.80% |
| Goldman Sachs & Co. LLC | $51K | 25.20% |
SIRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bancorp Investments, Inc. | $328.7M | 100.00% |
Ocean Park Tactical All Asset Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SIRRX | Instl Class | 1.92% | none |
| SIRAX | Class A | 2.17% | 3.75% |
| SIRIX | Investor Class | 2.17% | none |
| SIRJX | Class I1 | 2.32% | none |
| SIRZX | Class A1 | 2.32% | 3.75% |
| SIRCX | Class C | 2.92% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.