IPS Strategic Capital Absolute Return Fund Institutional Class Shares (IPSAX)
| Fund Assets | 53.33M |
| Expense Ratio | 1.54% |
| Min. Investment | $5,000 |
| Turnover | n/a |
| Dividend (ttm) | 1.47 |
| Dividend Yield | 14.07% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 10.34 |
| YTD Return | -1.32% |
| 1-Year Return | -3.77% |
| 5-Year Return | 29.07% |
| 52-Week Low | 9.72 |
| 52-Week High | 12.32 |
| Beta (5Y) | 0.56 |
| Holdings | 48 |
| Inception Date | Apr 18, 2016 |
About IPSAX
The fund's primary strategy consists of selling and purchasing put and call options on equity indexes and exchange traded funds. The sale of put options generates income for the fund, but exposes it to the risk of declines in the value of the underlying assets. The risk in purchasing options is limited to the premium paid by the fund for the options. The sale of call options generates income for the fund, but may limit the fund's participation in equity market gains. The fund's investment adviser seeks to reduce the overall volatility of returns by managing a portfolio of options. It is non-diversified.
Performance
IPSAX had a total return of -3.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.57%.
Top 10 Holdings
94.47% of assets| Name | Symbol | Weight |
|---|---|---|
| Invesco Bulletshares 2025 Corporate Bond ETF | BSCP | 19.04% |
| Options Clearing Corp. - SPX Us 03/21/25 C4000 | n/a | 15.55% |
| Options Clearing Corp. - SPX Us 10/17/25 C5000 | n/a | 12.26% |
| Options Clearing Corp. - SPX Us 06/20/25 C5000 | n/a | 10.29% |
| Options Clearing Corp. - SPX Us 03/21/25 C5440 | n/a | 8.95% |
| Options Clearing Corp. - Spx Us 07/18/25 P7000 | n/a | 7.08% |
| Options Clearing Corp. - Spx Us 09/19/25 C5000 | n/a | 6.21% |
| United States Department Of The Treasury - U.S. Government Treasury Bill, 0%, 4/29/2025 | B 0 04.29.25 | 5.82% |
| Federated Government Obligations Fund | GOIXX | 4.73% |
| Options Clearing Corp. - Spx Us 05/16/25 P6170 | n/a | 4.54% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2024 | $1.47296 | Dec 26, 2024 |
| Dec 22, 2022 | $0.87934 | Dec 22, 2022 |
| May 19, 2022 | $0.19014 | May 19, 2022 |
| Dec 22, 2021 | $0.61303 | Dec 22, 2021 |
| Dec 21, 2020 | $0.04866 | Dec 21, 2020 |
| Feb 28, 2019 | $0.90167 | Feb 28, 2019 |