Princeton Adaptive Premium A (PAPAX)

Fund Assets	1.88M
Expense Ratio	1.80%
Min. Investment	$100,000
Turnover	n/a
Dividend (ttm)	0.26
Dividend Yield	2.61%
Dividend Growth	-13.63%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 29, 2026

Previous Close	9.92
YTD Return	2.61%
1-Year Return	4.05%
5-Year Return	n/a
52-Week Low	9.81
52-Week High	10.25
Beta (5Y)	n/a
Holdings	21
Inception Date	n/a

About PAPAX

Princeton Adaptive Premium Fund Class A is an open-end mutual fund focused on generating capital appreciation and income through a specialized options strategy. The fund primarily sells S&P 500 put options with short timeframes, typically six to eight days, to collect premium income. To manage risk, it also purchases offsetting put options on the same index, creating a structured hedge. This approach aims to deliver consistent, non-correlated returns by capitalizing on the difference between perceived and actual market risk. The fund is designed for investors seeking alternative sources of income and diversification, with daily liquidity and a focus on absolute returns rather than benchmark tracking. Princeton Adaptive Premium Fund Class A is managed by Princeton Fund Advisors, LLC, a registered investment advisor with extensive experience in alternative asset management. The fund is available on NASDAQ under the ticker PAPAX and is structured to provide regular tax reporting and transparent fee disclosures.

• Fund Family: Princeton
• Category: Options Trading
• Performance Rating: Low
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: PAPAX

Performance

PAPAX had a total return of 4.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.03%.

Top 10 Holdings

96.45% of assets

Name	Symbol	Weight
BNY Dreyfus Govt Cash Mgmt Instl	DGCXX	26.31%
United States Treasury Bills - B 05/30/23	B.0 05.30.23	15.24%
United States Treasury Bills - B 05/23/23	B.0 05.23.23	14.01%
United States Treasury Bills - B 05/25/23	B.0 05.25.23	14.01%
United States Treasury Bills - B 05/18/23	B.0 05.18.23	12.37%
United States Treasury Bills - B 05/16/23	n/a	9.49%
United States Treasury Bills - B 05/04/23	B.0 05.04.23	1.65%
United States Treasury Bills - B 05/09/23	B.0 05.09.23	1.65%
United States Treasury Bills - B 05/11/23	B.0 05.11.23	1.65%
VIXW US 05/10/23 C18	n/a	0.06%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.0517	Sep 30, 2026
Jun 29, 2026	$0.0514	Jun 30, 2026
Mar 30, 2026	$0.0513	Mar 31, 2026
Dec 8, 2025	$0.442	Dec 9, 2025
Sep 29, 2025	$0.0524	Sep 30, 2025
Jun 27, 2025	$0.0519	Jun 30, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 17, 2026

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