STBJX — Ocean Park Tactical Bond Fund
Data updated: 2026-08-27
STBJX — Ocean Park Tactical Bond Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $1.33B AUM. Holdings, fees, performance and SEC filings.
STBJX Fund Overview
STBJX — Ocean Park Tactical Bond Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $1.33B
- 1-year return: 4.4%
- Ticker: STBJX
- SEC CIK: 0001314414
- SEC series ID: S000066392
- Share class ID: C000214243
STBJX Investment Objective and Strategy
Ocean Park Tactical Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust.
Investment objective
The Fund has two objectives, to provide total return
Principal investment strategy
The Fund utilizes a ?fund of funds? structure to access a wide variety of underlying asset classes and strategies. Ocean Park Asset Management, LLC (?the Adviser?) seeks to achieve the Fund?s investment objectives by investing in mutual funds and exchange-traded funds (?ETFs?) (collectively ?Underlying Funds?). The Adviser constructs the Fund?s broadly-diversified investment portfolio by investing at various times in a wide range of Underlying Funds that invest in various security and investment categories (each an ?Asset Class?). The Fund primarily invest in high-yield corporate bonds or long-duration U.S. Treasury securities (?Treasury Bond Funds?). For the purposes of this Prospectus, HYCB Funds and Treasury Bond Funds are collectively referred to as ?Underlying Bond Funds.? The Fund defines high yield securities, also known as ?junk bonds,?
as fixed-income securities rated below investment grade and whose issuers generally have a non-investment grade rating or are not rated. Under normal circumstances, the Fund invests at least 80% of its net assets (defined as net assets plus the amount of any borrowing for investment purposes) in Underlying Bond Funds. The Adviser expects the Fund to be at least 80% invested in HYCB Funds under most market conditions. The Fund does not have maturity or duration limitations with respect to the holdings of the Underlying Bond Funds in which it invests. The overall asset allocation of the Fund is not fixed. It can and does change significantly over time as the Adviser decides to re-allocate portions of the portfolio in response to trend changes in the U.S. and global economy and in various fixed income investment markets using the tactical style described above.
The Adviser constructs the Fund?s portfolio by quantitatively analyzing Underlying Bond Funds to identify those that exhibit the most attractive positive trends and have been given a ?buy? signal under the Adviser?s proprietary investment process. The Adviser does not employ a ?buy and hold? strategy. As part of its integrated risk-management disciplines, the Adviser monitors each Underlying Bond Fund holding daily and applies a trailing stop discipline (a form of sell signal) to each Underlying Bond Fund within the Fund?s portfolio. The Adviser employs a trailing stop discipline which adjusts the sell signal level as the price of a holding rises and is calculated as a percentage or dollar amount below the market price. When any Underlying Bond Fund holding declines in price enough to generate a ?sell?
signal under the Adviser?s trailing-stop discipline, the Fund will sell that Underlying Bond Fund and will invest the proceeds in Treasuries, directly or through mutual funds and ETFs, or money-market mutual funds and/or ultra-short-term bond funds. Conversely, when prices of Underlying Bond Funds begin trending upward sufficient to give ?buy signals?, the Adviser will sell part or all of its holdings in Treasuries and select and purchase one or more Underlying Bond Funds. The same type of buy and sell disciplines are also applied to Treasuries. If price movements have generated sell signals, the proceeds will temporarily be held in cash (money-market mutual funds and/or ultra-short-term bond mutual funds or ETFs) until price movements of either Underlying Bond Funds or Treasuries trigger buy signals.
The Buy and Sell Disciplines are not designed to attempt to buy at lows or to sell at highs, but to seek to participate in a substantial part of any sustained uptrend in the equity market as well as to limit participation in any sustained downtrend. When invested in Treasuries, the Fund also seeks to participate in a substantial part of any sustained uptrend in the Treasury bond market. The Adviser employs a ?reactive? approach as distinct from a ?predictive? approach. The Adviser does not consider its approach to be a ?trading? style in terms of frequency and does not expect to average more than two sell signals per year in each Underlying Fund. The Adviser may engage in frequent buying and selling of portfolio securities to achieve the Fund?s investment objectives. The Fund may engage in securities lending.
STBJX Holdings
Top 10 holdings of Ocean Park Tactical Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Blackrock Funds V | 35.15% |
| Ishares Trust | 19.57% |
| Spdr Series Trust | 12.76% |
| Ishares Trust | 11.85% |
| Spdr Series Trust | 6.61% |
| Prudential Investment Portfolios, Inc. 15 | 3.34% |
| Dbx ETF Trust | 3.17% |
| Eaton Vance Series Trust Ii | 1.62% |
| American Century Investment Trust | 1.24% |
| Massmutual Premier Funds | 1.16% |
STBJX Portfolio Allocation
Asset-class allocation of Ocean Park Tactical Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
| Cash & Equivalents | 0.1% |
STBJX Performance
Total returns for STBJX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.3% |
| 1 year | 4.4% |
| 3 years (annualised) | 4.2% |
| 5 years (annualised) | 1.9% |
STBJX Risk Information
Risk metrics for STBJX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
STBJX Costs and Fees
STBJX costs about $161 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.61%
- Gross expense ratio: 1.61%
- Portfolio turnover: 190%
- Brokerage commissions: 3.80 bps of average net assets (SEC N-CEN)
STBJX Cashflows
Over the 12 months to 2026-06, Ocean Park Tactical Bond Fund had net outflows of $588.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$39.65M |
| 2026-05 | −$55.39M |
| 2026-04 | −$34.69M |
| 2026-03 | −$50.08M |
| 2026-02 | −$36.69M |
| 2026-01 | −$56.98M |
STBJX Debt Constituents
No individual debt constituents are reported in Ocean Park Tactical Bond Fund's latest SEC N-PORT filing.
STBJX Prospectus and SEC Filings
Official Ocean Park Tactical Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-27
- Prospectus (485BPOS) — filed 2024-01-26
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2025-12-12
- Annual census (N-CEN) — filed 2024-12-16
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity 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.