Ocean Park Tactical Municipal Fund (STMKX)
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Ocean Park Tactical Municipal Fund (STMKX) FAQ
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Ocean Park Tactical Municipal Fund Profile
| NASDAQ Exchange | United States Country |
Overview
The fund is a specialized investment vehicle focusing on the management of portfolios composed largely of tax-exempt municipal bonds, through indirect investment methods. It channels its investments into a diverse range of open-end investment companies, commonly known as mutual funds, and exchange-traded funds (ETFs), which are primarily oriented towards tax-exempt municipal bonds, colloquially referred to as underlying municipal bond funds. Additionally, the fund invests in municipal money market funds. Adhering to its investment strategy, under normal operating conditions, it dedicates at least 80% of its net assets—and this includes any borrowed amounts utilized for investment purposes—toward funds that are primarily engaged in investments in municipal bonds or other types of municipal debt instruments.
Products and Services
- Open-end Investment Companies (Mutual Funds)
- Exchange-Traded Funds (ETFs)
- Municipal Money Market Funds
These are funds that primarily focus on investing in tax-exempt municipal bonds. By investing in mutual funds, the fund leverages the mutual funds' diversified portfolios of municipal bonds, aiming at generating tax-exempt income while minimizing risks associated with direct investment in individual bonds.
Similar to mutual funds in terms of their primary investment focus, ETFs offer the added benefit of being tradable on stock exchanges much like individual stocks. This allows for greater liquidity and flexibility in investment strategy. The fund invests in ETFs that specifically target municipal bond investments, benefiting from the passive management strategies often employed by ETFs to track the performance of municipal bond indexes.
This component of the fund's portfolio offers investments in highly liquid, short-term municipal securities. These money market funds provide a level of security and liquidity, making them an attractive option for managing the fund's short-term cash requirements or for investors seeking lower risk investments within the municipal bond market.
