IPS Strategic Capital Absolute Ret Instl (IPSAX)
| Fund Assets | 41.35M |
| Expense Ratio | 1.51% |
| Min. Investment | $5,000 |
| Turnover | 115.54% |
| Dividend (ttm) | 1.49 |
| Dividend Yield | 14.82% |
| Dividend Growth | 1.44% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2025 |
| Previous Close | 10.04 |
| YTD Return | 0.20% |
| 1-Year Return | 4.67% |
| 5-Year Return | 17.16% |
| 52-Week Low | 9.17 |
| 52-Week High | 11.97 |
| Beta (5Y) | 0.65 |
| Holdings | 46 |
| Inception Date | Apr 18, 2016 |
About IPSAX
IPS Strategic Capital Absolute Return Fund Institutional Class is an alternative mutual fund designed to pursue total return through an options-based strategy. The fund primarily engages in the selling and purchasing of put and call options on equity indexes and exchange-traded funds. By selling put and call options, the fund seeks to generate income, but this approach introduces exposure to market fluctuations and can limit participation in broader market gains. At the same time, purchasing options allows the fund to manage risk exposure, with potential losses capped to the premiums paid. The investment adviser aims to reduce the overall volatility of returns by actively managing the fund’s portfolio of options. Although the fund is non-diversified, it incorporates holdings across growth and value stocks with a focus on risk-adjusted performance rather than raw market tracking. Well-suited for investors seeking diversification and alternative sources of return, this fund plays a distinctive role in portfolios aiming to complement traditional equity and fixed income positions, particularly in varied market environments.
Performance
IPSAX had a total return of 4.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.08%.
Top 10 Holdings
115.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Options Clearing Corp. - SPXW US 03/05/26 C5400 | n/a | 31.76% |
| Options Clearing Corp. - Spx Us 06/18/26 C5000 | n/a | 14.76% |
| Options Clearing Corp. - Spx Us 05/15/26 C5000 | n/a | 14.61% |
| Alpha Architect 1-3 Month Box ETF | BOXX | 11.50% |
| Options Clearing Corp. - SPX Us 03/20/26 C5000 | n/a | 10.04% |
| Options Clearing Corp. - SPX Us 04/17/26 C5000 | n/a | 9.04% |
| Options Clearing Corp. - GLD Us 01/15/27 C475 | n/a | 6.87% |
| Options Clearing Corp. - Spx Us 08/21/26 C6000 | n/a | 6.10% |
| Options Clearing Corp. - Spx Us 07/17/26 C6000 | n/a | 5.69% |
| Options Clearing Corp. - SLV Us 01/15/27 C84 | n/a | 5.07% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $1.4942 | Dec 23, 2025 |
| 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 |