Ocean Park Diversified Income ETF
DUKZ
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 2049 Century Park East, Suite 720 Los Angeles CA United States of America 90067
- IPO Date
- Jul 11, 2024
- Website
- oceanparketfs.com
- Similar Companies
- Business
- Ocean Park Diversified Income ETF (DUKZ) is an actively managed exchange-traded fund that tactically allocates assets between unaffiliated fixed income exchange-traded funds and cash equivalents to pursue total return while limiting downside risk. The fund invests without constraint across an unconstrained universe of underlying fixed income ETFs, including those focused on U.S. Treasuries, investment grade and high yield corporate bonds, investment grade and high yield municipal bonds, mortgage-backed securities, developed international bonds, emerging market bonds, convertible bonds, preferred securities, and bank loans; it may also hold cash equivalents such as U.S. Treasury bills, money market funds, or short-term investment grade bond ETFs. The fund employs a proprietary trend-following strategy using banded moving averages to generate buy and sell signals, with no limits on the number or type of underlying ETFs, and it distributes income monthly on the NYSE Arca exchange. Launched on July 10, 2024, as the first of four actively managed ETFs introduced by its investment adviser, Ocean Park Asset Management, LLC, headquartered in Santa Monica, California, DUKZ operates within the nontraditional bond segment targeting investors seeking income with risk mitigation. Ocean Park Asset Management serves as the adviser, with Exchange Traded Concepts, LLC as trading sub-adviser, and a portfolio management team comprising Kenneth L. Sleeper, Ryan Harder, and James St. Aubin; Northern Lights Distributors, LLC acts as the fund distributor, and the fund is part of the Northern Lights Fund Trust. The expense ratio stands at 1.18%, reduced to 0.99% after a contractual fee waiver through January 31, 2026. As of recent data, assets under management approximate $22 million, with holdings diversified across treasury bonds (30.1%), investment grade corporate bonds (15.0%), emerging market bonds (15.0%), high yield corporate bonds (14.9%), international bonds (10.0%), bank loans (10.0%), municipal bonds (5.0%), and minimal cash equivalents. No major acquisitions, partnerships, or strategic shifts beyond the initial launch have been reported in the last year.