Ocean Park High Yield Corp Bond Program (S:0P0000ZJZD)
12.40
+0.14
(+1.16%)
USD |
May 31 2024
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
Investment Strategy | |
"The goals of the High Yield Corporate Bond Program are to produce satisfying long-term returns while limiting downside risk, a combination which we have found meets the goals of retirees and other conservative investors. Notice that our results do vary from quarter to quarter, and that some quarters are negative, but the downturns have never been very large, even during the bear market 2000-2002. Past performance of any mutual fund is no guarantee of future performance. " |
General | |
Security Type | Separately Managed Account |
Equity Style | Small Cap/Value |
Fixed Income Style | Low Quality/Limited Sensitivity |
Broad Asset Class | Taxable Bond |
Broad Category | Fixed Income |
Category Name | High Yield Bond |
Category Index | ICE BofA US High Yield TR USD |
Global Category Name | US Fixed Income |
YCharts Categorization | US Fixed Income |
YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
Fund Owner Firm Name | Ocean Park Asset Management, LLC |
Prospectus Benchmark Index | |
ICE BofA Gbl HY TR USD | 100.0% |
Broad Asset Class Benchmark Index | |
^BBUSATR | 100.0% |
Manager Tenure | |
Kenneth Sleeper | 9.42 yrs |
Douglas Loeffler | 3.17 yrs |
Marshall Quan | 2.67 yrs |
Ryan Harder | 1.42 yrs |
Annual Total Returns Versus Peers
As of May 31, 2024.
Asset Allocation
Top 7 Holdings
Name | % Weight | Price | % Change |
---|---|---|---|
PIMCO High Yield Instl | 35.12% | 7.93 | 0.00% |
BlackRock High Yield Bond Instl | 20.44% | 7.03 | 0.00% |
Rydex High Yield Strategy H | 20.13% | 121.61 | -0.15% |
Payden High Income | 14.29% | 6.26 | 0.00% |
PIMCO High Yield Spectrum Instl | 6.13% | 9.01 | 0.00% |
Credit Suisse Strategic Income I | 3.90% | 9.48 | 0.00% |
Money Market Fund
|
0.00% | -- | -- |
Fees & Availability
Fees | |
Negotiable Fee | No |
Administrative Fee | -- |
Maximum Management Fee | Upgrade |
Prospectus Custodian Fee | -- |
Trustee Fee | -- |
Purchase Details | |
Open to New Investors |
|
Open to Existing Investors |
|
Minimum Initial Investment | -- |
Minimum Subsequent Investment | -- |
Basic Info
Investment Strategy | |
"The goals of the High Yield Corporate Bond Program are to produce satisfying long-term returns while limiting downside risk, a combination which we have found meets the goals of retirees and other conservative investors. Notice that our results do vary from quarter to quarter, and that some quarters are negative, but the downturns have never been very large, even during the bear market 2000-2002. Past performance of any mutual fund is no guarantee of future performance. " |
General | |
Security Type | Separately Managed Account |
Equity Style | Small Cap/Value |
Fixed Income Style | Low Quality/Limited Sensitivity |
Broad Asset Class | Taxable Bond |
Broad Category | Fixed Income |
Category Name | High Yield Bond |
Category Index | ICE BofA US High Yield TR USD |
Global Category Name | US Fixed Income |
YCharts Categorization | US Fixed Income |
YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
Fund Owner Firm Name | Ocean Park Asset Management, LLC |
Prospectus Benchmark Index | |
ICE BofA Gbl HY TR USD | 100.0% |
Broad Asset Class Benchmark Index | |
^BBUSATR | 100.0% |
Manager Tenure | |
Kenneth Sleeper | 9.42 yrs |
Douglas Loeffler | 3.17 yrs |
Marshall Quan | 2.67 yrs |
Ryan Harder | 1.42 yrs |
Fundamentals
Fund Details
Key Dates | |
Inception Date | 1/2/2015 |
Last Annual Report Date | 3/31/2024 |
Last Prospectus Date | -- |
Attributes | |
Index Fund | No |
Inverse Fund | No |
Leveraged Fund | No |
Fund of Funds | No |
Currency Hedged Fund | No |
Synthetic Replication Fund | No |
Has Dividend Investment Plan | No |
Socially Responsible Fund | No |