SRSJX Fees and Costs — Ocean Park Tactical Risk Spectrum 70 Fund, Instl Class
Data updated: 2026-08-27
The net expense ratio is 1.64% (1.77% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $35K in broker commissions, 0.0539% of average net assets, and portfolio turnover was 217%.
SRSJX Fees and Expenses
Annual operating expenses and sales charges of SRSJX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.77% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.64% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
SRSJX Costs Over Time
On $10,000 invested in SRSJX, assuming 5% a year before costs, total costs come to $1,045 over 5 years, cutting the return by 1.78% 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 1.64%) | $172 | $533 | $918 |
| Trading costs (broker commissions) | $6 | $18 | $30 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $178 | $578 | $1,045 |
| Value after costs | $10,322 | $10,998 | $11,718 |
| Impact on return, per year | 1.78% | 1.78% | 1.78% |
SRSJX 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): 0.0539%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $43.8M
- Portfolio turnover (prospectus): 217%
- Securities on loan, average value: $4.7M
- Net income from securities lending: $35K (0.054% of average net assets)
SRSJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $28K | 81.07% |
| Goldman Sachs & Co. LLC | $7K | 18.93% |
SRSJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bancorp Investments, Inc. | $43.8M | 100.00% |
Ocean Park Tactical Risk Spectrum 70 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SRSJX | Instl Class | 1.64% | none |
| SRSNX | Investor Class | 2.04% | 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.