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Trending ETFs

Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.79

$1.43 B

5.73%

$1.42

1.61%

Vitals

YTD Return

1.2%

1 yr return

5.9%

3 Yr Avg Return

4.5%

5 Yr Avg Return

2.1%

Net Assets

$1.43 B

Holdings in Top 10

93.9%

52 WEEK LOW AND HIGH

$24.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.61%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.79

$1.43 B

5.73%

$1.42

1.61%

STBJX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.26%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Ocean Park Tactical Bond Fund
  • Fund Family Name
    Navigator Funds
  • Inception Date
    Oct 01, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kenneth Sleeper

Fund Description

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.

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STBJX - Performance

Return Ranking - Trailing

Period STBJX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -7.0% 6.4% 40.54%
1 Yr 5.9% -11.7% 19.2% 50.96%
3 Yr 4.5%* -6.0% 14.9% 90.22%
5 Yr 2.1%* -8.0% 12.2% 68.74%
10 Yr N/A* -1.0% 11.3% N/A

* Annualized

Return Ranking - Calendar

Period STBJX Return Category Return Low Category Return High Rank in Category (%)
2025 -5.1% -21.9% 12.9% 98.08%
2024 1.0% -17.6% 5.4% 31.63%
2023 2.0% -12.0% 8.9% 63.26%
2022 -5.6% -31.8% 18.4% 9.34%
2021 -1.6% -16.2% 25.7% 52.46%

Total Return Ranking - Trailing

Period STBJX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -7.0% 6.4% 40.54%
1 Yr 5.9% -11.7% 19.2% 50.96%
3 Yr 4.5%* -6.0% 14.9% 90.22%
5 Yr 2.1%* -8.0% 12.2% 68.74%
10 Yr N/A* -1.0% 11.3% N/A

* Annualized

Total Return Ranking - Calendar

Period STBJX Return Category Return Low Category Return High Rank in Category (%)
2025 0.2% -9.2% 20.9% 98.56%
2024 6.8% -11.7% 18.6% 42.17%
2023 7.2% -6.5% 22.2% 65.97%
2022 -4.1% -23.0% 21.1% 21.97%
2021 1.4% -7.8% 49.9% 64.86%

NAV & Total Return History


STBJX - Holdings

Concentration Analysis

STBJX Category Low Category High STBJX % Rank
Net Assets 1.43 B 2.65 M 226 B 43.42%
Number of Holdings 29 4 10796 92.26%
Net Assets in Top 10 1.36 B -204 M 91.6 B 15.65%
Weighting of Top 10 93.88% 5.1% 105.1% 6.99%

Top 10 Holdings

  1. BLKR-HI YLD-INS 31.44%
  2. ISHARES BROAD US 17.86%
  3. ISHARES IBOXX HI 14.66%
  4. SPDR BLOOMBERG H 12.58%
  5. SPDR PORT HY BD 6.03%
  6. PGIM-HI YLD-Z 2.99%
  7. XTRACKERS USD HI 2.88%
  8. OSTERWEISS ST-IN 2.49%
  9. ISHARES 0-5 HY C 1.51%
  10. EV-INC FD B-INS 1.45%

Asset Allocation

Weighting Return Low Return High STBJX % Rank
Stocks
99.54% -7.68% 100.00% 0.65%
Cash
0.84% -94.66% 98.41% 83.39%
Convertible Bonds
0.21% 0.00% 33.50% 75.12%
Preferred Stocks
0.00% 0.00% 12.59% 95.48%
Other
0.00% -37.46% 104.06% 89.03%
Bonds
-0.39% -5.04% 180.51% 99.35%

Stock Sector Breakdown

Weighting Return Low Return High STBJX % Rank
Energy
44.10% 0.00% 100.00% 29.18%
Real Estate
18.93% 0.00% 100.00% 15.50%
Basic Materials
13.36% 0.00% 47.39% 6.69%
Technology
10.68% 0.00% 28.30% 20.36%
Healthcare
4.37% 0.00% 18.60% 20.36%
Communication Services
3.45% 0.00% 100.00% 29.79%
Consumer Cyclical
2.83% 0.00% 33.03% 29.48%
Industrials
2.16% 0.00% 100.00% 41.34%
Consumer Defense
0.10% 0.00% 99.97% 34.35%
Utilities
0.02% 0.00% 100.00% 49.85%
Financial Services
0.00% 0.00% 100.00% 98.18%

Stock Geographic Breakdown

Weighting Return Low Return High STBJX % Rank
US
99.54% -7.68% 100.00% 0.65%
Non US
0.00% -0.02% 23.24% 96.29%

STBJX - Expenses

Operational Fees

STBJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.61% 0.14% 9.86% 34.08%
Management Fee 1.05% 0.00% 2.29% 88.02%
12b-1 Fee 0.00% 0.00% 1.00% 15.95%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

STBJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

STBJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

STBJX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 0.00% 632.00% 33.79%

STBJX - Distributions

Dividend Yield Analysis

STBJX Category Low Category High STBJX % Rank
Dividend Yield 5.73% 0.00% 23.30% 43.54%

Dividend Distribution Analysis

STBJX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

STBJX Category Low Category High STBJX % Rank
Net Income Ratio 3.26% -1.55% 11.51% 41.15%

Capital Gain Distribution Analysis

STBJX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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STBJX - Fund Manager Analysis

Managers

Kenneth Sleeper


Start Date

Tenure

Tenure Rank

Sep 02, 2019

2.75

2.8%

Dr. Kenneth L. Sleeper, MBA, PhD is Co-Founder, Managing Director, and Co-Portfolio Manager at Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management and has over 31 years of industry experience. He jointly oversees all aspects of the organization’s activities, including asset management, research, and client relationships. With an extensive background in statistical and computer applications, Ken previously focused on advanced risk management, developing and refining computerized techniques for reducing downside risk, before co-founding Sierra in 1987 with David C. Wright. Kenneth earned MBA and PhD degrees from the University of Southern California.

Marshall Quan


Start Date

Tenure

Tenure Rank

Jan 28, 2022

0.34

0.3%

Mr. Quan is Lead Portfolio Analyst at Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management. He joined Sierra in 1999 and is responsible for investment monitoring & analysis, securities screening execution & reporting, technical analysis and portfolio construction among other investment management and operational duties. Marshall earned his BS degree in Business Administration: Classical Management – Finance from Cal State University at Dominguez Hills.

Douglas Loeffler


Start Date

Tenure

Tenure Rank

Jan 28, 2022

0.34

0.3%

Doug oversees the operations of the Investment Management team and related trading, contributes to portfolio decisions, and supervises analytic research. Doug earned a BA in Economics at Washington State University and an MBA from the University of Chicago Booth School of Business. He is a CFA and CAIA charterholder. Doug has been active in investment management full-time since 1988.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.19 5.66 3.19