SSIIX Fees and Costs — Ocean Park Tactical Core Income Fund, Investor Class
Data updated: 2026-08-27
The net expense ratio is 1.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $704K in broker commissions, 0.0497% of average net assets, and portfolio turnover was 120%.
SSIIX Fees and Expenses
Annual operating expenses and sales charges of SSIIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.40% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.85% |
| Fee waiver | — |
| Net expense ratio | 1.85% |
| 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 |
SSIIX Costs Over Time
On $10,000 invested in SSIIX, assuming 5% a year before costs, total costs come to $1,167 over 5 years, cutting the return by 1.99% 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 1.85%) | $194 | $600 | $1,031 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $31 | $108 |
| Total costs | $199 | $647 | $1,167 |
| Value after costs | $10,301 | $10,929 | $11,596 |
| Impact on return, per year | 1.99% | 1.99% | 1.99% |
SSIIX 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): 0.0497%
- Total broker commissions: $704K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 120%
- Securities on loan, average value: $121.9M
- Net income from securities lending: $788K (0.056% of average net assets)
SSIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $523K | 74.20% |
| Goldman Sachs & Co. LLC | $182K | 25.80% |
SSIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. Bancorp Investments, Inc. | $1.2B | 100.00% |
Ocean Park Tactical Core Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SSIRX | Instl Class | 1.45% | none |
| SSIIX | Investor Class | 1.85% | none |
| SSIZX | Class A | 1.85% | 3.75% |
| SSICX | Class C | 2.45% | 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.