# Ocean Park Tactical Core Income Instl (SSIRX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ssirx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2011-12-21 The Sierra Tactical Core Income Fund strives to generate overall returns, with a considerable portion derived from income, while simultaneously working to minimize market volatility and curb potential losses. The fund allocates its capital primarily to other investment vehicles, specifically open-end mutual funds and exchange-traded funds (ETFs). Notably, it maintains significant flexibility regarding the underlying assets held by these funds, with no predetermined constraints concerning issuer credit quality (including those classified as "high-yield" or "junk bonds"), company market capit... ## Key Facts | Metric | Value | |---|---| | Price | $18.89 | | Expense Ratio | 1.45% | | AUM (All Share Classes) | $998.4M | | NAV | $18.89 | | Holdings Count | — | | Distribution Yield (TTM) | 5.08% | | Annual Distribution (TTM) | $0.96 /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.83 – $19.93 | | Beta | 0.64 | ## Latest Distribution - Amount: $0.0888 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does SSIRX invest in? The Sierra Tactical Core Income Fund strives to generate overall returns, with a considerable portion derived from income, while simultaneously working to minimize market volatility and curb potential losses. The fund allocates its capital primarily to other investment vehicles, specifically open-end mutual funds and exchange-traded funds (ETFs). Notably, it maintains significant flexibility regarding the underlying assets held by these funds, with no predetermined constraints concerning issuer credit quality (including those classified as "high-yield" or "junk bonds"), company market capitalization, geographic location, or the individual maturity periods of the securities within those underlying funds. ### What is the expense ratio of SSIRX? Ocean Park Tactical Core Income Instl (SSIRX) charges an expense ratio of 1.45%. This is the annual fee deducted from fund assets to cover management and operations. ### What is SSIRX's dividend yield? SSIRX's trailing-twelve-month yield is 5.08%, calculated from the sum of dividends over the past year divided by the current price. ### How big is SSIRX? Ocean Park Tactical Core Income Instl (SSIRX) is one share class of a fund that manages $998.4M across all of its share classes (SSIZX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SSIRX actively managed or an index fund? SSIRX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SSIRX's is 1.45%) in exchange for the discretion to over- or under-weight positions. ### When was SSIRX launched? Ocean Park Tactical Core Income Instl (SSIRX) launched in December 2011 and is managed by the fund issuer. ### Does SSIRX pay a dividend? Yes, Ocean Park Tactical Core Income Instl (SSIRX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.08%. Full dividend history is on this page. ### How often does SSIRX pay dividends? Ocean Park Tactical Core Income Instl pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is SSIRX's next ex-dividend date? The most recently announced ex-dividend date for SSIRX was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will SSIRX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.45% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SSIRX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SSIRX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SSIRX cost more than a fund like VOO? SSIRX is actively managed (current expense ratio 1.45%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether SSIRX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to SSIRX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SSIRX (1.45%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ssirx - Distribution history: https://www.dividenddata.com/funds/ssirx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ssirx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ssirx/expenses - Peer comparison: https://www.dividenddata.com/funds/ssirx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.