SRTJX Fees and Costs — Ocean Park Tactical Risk Spectrum 30 Fund, Instl Class
Data updated: 2026-08-27
The net expense ratio is 1.77% (1.78% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $65K in broker commissions, 0.0550% of average net assets, and portfolio turnover was 181%.
SRTJX Fees and Expenses
Annual operating expenses and sales charges of SRTJX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.78% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.77% |
| 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 |
SRTJX Costs Over Time
On $10,000 invested in SRTJX, assuming 5% a year before costs, total costs come to $1,123 over 5 years, cutting the return by 1.92% 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 1.77%) | $186 | $575 | $988 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $30 | $104 |
| Total costs | $192 | $622 | $1,123 |
| Value after costs | $10,308 | $10,954 | $11,640 |
| Impact on return, per year | 1.92% | 1.92% | 1.92% |
SRTJX 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): 0.0550%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $137.3M
- Portfolio turnover (prospectus): 181%
- Securities on loan, average value: $7.3M
- Net income from securities lending: $46K (0.038% of average net assets)
SRTJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $51K | 78.53% |
| Goldman Sachs & Co. LLC | $14K | 21.47% |
SRTJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bancorp Investments, Inc. | $137.3M | 100.00% |
Ocean Park Tactical Risk Spectrum 30 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SRTJX | Instl Class | 1.77% | none |
| SRTNX | Investor Class | 2.17% | 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.