Ironclad Managed Risk Fund (IRONX)
| Fund Assets | 221.87M |
| Expense Ratio | 1.28% |
| Min. Investment | $2,500 |
| Turnover | 1.00% |
| Dividend (ttm) | 0.01 |
| Dividend Yield | 0.06% |
| Dividend Growth | -63.62% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 5, 2025 |
| Previous Close | 13.10 |
| YTD Return | -2.75% |
| 1-Year Return | 8.69% |
| 5-Year Return | 50.68% |
| 52-Week Low | 11.12 |
| 52-Week High | 13.69 |
| Beta (5Y) | 0.48 |
| Holdings | 10 |
| Inception Date | Oct 14, 2010 |
About IRONX
The Ironclad Managed Risk Fund is an alternative mutual fund that primarily seeks to generate current income and gains through a portfolio management approach centered on options trading. Its core strategy involves the active purchase and sale of put and call options on equity indexes and exchange-traded funds (ETFs), aiming to capture income from premiums while managing market exposure and volatility. Nearly all of the fund’s assets are allocated to large-cap U.S. equity ETFs, such as those tracking the S&P 500, complemented by exchange-traded option positions and modest cash reserves. Designed for investors seeking strategies that temper equity risk, the fund pursues relative stability and managed volatility, making it distinct within the options trading mutual fund category. The advisor may adjust the fund’s exposure defensively based on market conditions, at times allocating up to the entire portfolio to cash or cash equivalents during unfavorable environments. Managed risk is further enhanced through a balanced mix of long and short option positions, and by limiting risk to premiums paid or accepting defined obligations when writing options. The Ironclad Managed Risk Fund serves an important role for those seeking diversified equity exposure with a disciplined, risk-conscious overlay in volatile markets.
Performance
IRONX had a total return of 8.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.02%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 48.78% |
| Vanguard S&P 500 ETF | VOO | 47.28% |
| State Street® SPDR® S&P 500® ETF | n/a | 2.13% |
| Spx 03/20/26 P6650 03/26 6650.0 Put | n/a | 0.92% |
| Umb Ib Money Market Ii | n/a | 0.61% |
| Spx 03/20/26 P6700 03/26 6700.0 Put | n/a | 0.60% |
| Option on S&P 500 PR | n/a | 0.22% |
| Other | n/a | 0.04% |
| Spx 03/20/26 P6200 03/26 6200.0 Put | n/a | -0.22% |
| Spx 03/20/26 P6150 03/26 6150.0 Put | n/a | -0.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 5, 2025 | $0.00835 | Dec 5, 2025 |
| Dec 5, 2024 | $0.02295 | Dec 5, 2024 |
| Dec 5, 2023 | $0.55044 | Dec 5, 2023 |
| Dec 6, 2022 | $0.30135 | Dec 6, 2022 |
| Dec 7, 2021 | $1.43956 | Dec 7, 2021 |
| Dec 8, 2020 | $0.43614 | Dec 8, 2020 |