Princeton Adaptive Premium I (PAPIX)

Fund Assets	1.78M
Expense Ratio	1.58%
Min. Investment	$100,000
Turnover	n/a
Dividend (ttm)	0.26
Dividend Yield	2.52%
Dividend Growth	-13.13%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 29, 2026

Previous Close	10.30
YTD Return	2.40%
1-Year Return	4.81%
5-Year Return	n/a
52-Week Low	10.15
52-Week High	10.59
Beta (5Y)	n/a
Holdings	21
Inception Date	n/a

About PAPIX

Princeton Adaptive Premium Fund Class I shares represent an institutional-class mutual fund focused on generating capital appreciation and income through options-based strategies. The fund’s distinctive approach centers on selling short-term put options on the S&P 500 Index, typically with maturities of six to eight days, aiming to collect premium income in a disciplined, risk-managed manner. To mitigate downside exposure, the fund simultaneously purchases protective put options with differing strike prices. This options spread technique is designed to exploit discrepancies between perceived and actual market risk, seeking compelling, non-correlated returns relative to broader equity markets. Princeton Adaptive Premium Fund is categorized within the equity hedged segment, aligning it with investment vehicles that employ derivatives and hedging for risk management and alternative income generation. The fund maintains a substantial allocation to U.S. Treasury Bills and high-quality cash equivalents, supporting both liquidity and collateral needs in its option-selling process. Managed by Princeton Fund Advisors, LLC, the fund leverages proprietary risk models and extensive historical market data to guide portfolio construction. It offers daily liquidity and regulatory transparency as a 1940 Act registered mutual fund, serving institutional investors seeking diversification through an adaptive, systematic market premium collection strategy.

• Fund Family: Princeton
• Category: Options Trading
• Performance Rating: Below Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: PAPIX

Performance

PAPIX had a total return of 4.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.91%.

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
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
Mar 28, 2025	$0.0512	Mar 31, 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:

Aug 28, 2026

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