IPS Strategic Capital Absolute Ret Instl (IPSAX)

Fund Assets	40.03M
Expense Ratio	1.496%
Min. Investment	$5,000
Turnover	115.54%
Dividend (ttm)	0.03
Dividend Yield	0.28%
Dividend Growth	869.28%
Payout Frequency	Annual
Ex-Dividend Date	Dec 23, 2025

Previous Close	10.12
YTD Return	0.40%
1-Year Return	0.87%
5-Year Return	15.90%
52-Week Low	9.17
52-Week High	11.90
Beta (5Y)	0.65
Holdings	38
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.

• Fund Family: WP Trust
• Category: Options Trading
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: IPSAX
• Share Class: Institutional Class Shares
• Index: S&P 500 TR

Performance

IPSAX had a total return of 0.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.97%.

Top 10 Holdings

123.16% of assets

Name	Symbol	Weight
Options Clearing Corp. - Spx Us 06/18/26 C5400	n/a	60.35%
Options Clearing Corp. - Spx Us 10/16/26 C6000	n/a	13.69%
Options Clearing Corp. - Spx Us 09/18/26 C6000	n/a	13.48%
Options Clearing Corp. - Spx Us 07/17/26 C6000	n/a	7.47%
Options Clearing Corp. - Spx Us 08/21/26 C6000	n/a	7.22%
Options Clearing Corp. - Spx Us 06/18/26 C5000	n/a	6.00%
Alpha Architect 1-3 Month Box ETF	BOXX	5.97%
Options Clearing Corp. - Spxw Us 07/10/26 P7550	n/a	4.30%
Federated Hermes Govt Obl IS	GOIXX	3.12%
Options Clearing Corp. - Spxw us 07/02/26 P7450	n/a	1.56%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error