IPSAX: IPS Strategic Capital Absolute Ret Instl

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IPSAX IPS Strategic Capital Absolute Ret Instl


Profile

IPSAX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $53.1 M
  • Holdings in Top 10 89.2%

52 WEEK LOW AND HIGH

$10.58
$9.30
$10.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.84%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    IPS Strategic Capital Absolute Return Fund
  • Fund Family Name
    WP Trust
  • Inception Date
    Apr 15, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Dominick Paoloni

Fund Description

The fund's primary strategy consists of selling and purchasing put and call options on equity indexes and exchange traded funds. The sale of put options generates income for the fund, but exposes it to the risk of declines in the value of the underlying assets. The risk in purchasing options is limited to the premium paid by the fund for the options. The sale of call options generates income for the fund, but may limit the fund's participation in equity market gains. The fund's investment adviser seeks to reduce the overall volatility of returns by managing a portfolio of options. It is non-diversified.


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Categories

IPSAX - Mutual Fund Categories


Performance

IPSAX - Performance

Return Ranking - Trailing

Period IPSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -18.3% 9.4% 18.97%
1 Yr 1.9% -48.7% 27.2% 86.02%
3 Yr 1.0%* -37.6% 12.4% 64.95%
5 Yr N/A* -39.4% 10.9% N/A
10 Yr N/A* -38.6% 17.3% N/A

* Annualized

Return Ranking - Calendar

Period IPSAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.8% -50.4% 46.8% 89.64%
2018 -5.4% -31.8% 19.0% 13.29%
2017 4.0% -44.7% 46.3% 69.02%
2016 N/A -84.5% 146.1% N/A
2015 N/A -40.7% 14.6% N/A

Total Return Ranking - Trailing

Period IPSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -18.3% 9.4% 18.97%
1 Yr 1.9% -48.7% 27.2% 85.81%
3 Yr 4.0%* -37.6% 12.4% 52.29%
5 Yr N/A* -39.4% 10.9% N/A
10 Yr N/A* -38.6% 18.2% N/A

* Annualized

Total Return Ranking - Calendar

Period IPSAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.8% -50.4% 46.8% 89.86%
2018 -5.4% -27.4% 19.0% 39.20%
2017 13.6% -44.7% 46.3% 20.38%
2016 N/A -84.5% 146.1% N/A
2015 N/A -36.9% 14.6% N/A

NAV & Total Return History


Holdings

IPSAX - Holdings

Concentration Analysis

IPSAX Category Low Category High IPSAX % Rank
Net Assets 53.1 M 178 K 161 B 78.69%
Number of Holdings 23 2 13691 71.82%
Net Assets in Top 10 43.3 M -39.4 M 33.7 B 68.87%
Weighting of Top 10 89.17% 9.4% 371.8% 18.72%

Top 10 Holdings

  1. Spx 03/20/20 C2575 13.08%
  2. United States Treasury Bills 10.29%
  3. Spx 09/18/20 P2525 8.41%
  4. United States Treasury Bills 8.23%
  5. United States Treasury Bills 8.22%
  6. United States Treasury Bills 8.21%
  7. United States Treasury Bills 8.20%
  8. United States Treasury Bills 8.19%
  9. United States Treasury Bills 8.18%
  10. United States Treasury Bills 8.17%

Asset Allocation

Weighting Return Low Return High IPSAX % Rank
Bonds
42.70% -3.79% 79.18% 47.32%
Cash
37.80% -102.09% 77.18% 6.73%
Stocks
19.50% -41.01% 79.55% 83.70%
Preferred Stocks
0.00% 0.00% 44.10% 64.35%
Other
0.00% -41.44% 154.72% 55.42%
Convertible Bonds
0.00% -0.84% 71.85% 76.24%

Stock Sector Breakdown

Weighting Return Low Return High IPSAX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 72.78% N/A
Real Estate
0.00% -2.05% 100.00% N/A
Industrials
0.00% 0.00% 99.44% N/A
Healthcare
0.00% 0.00% 61.80% N/A
Financial Services
0.00% 0.00% 67.69% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 32.16% N/A
Consumer Defense
0.00% 0.00% 25.21% N/A
Consumer Cyclical
0.00% 0.00% 32.07% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High IPSAX % Rank
US
19.50% -41.02% 77.06% 76.03%
Non US
0.00% -2.63% 32.14% 91.27%

Bond Sector Breakdown

Weighting Return Low Return High IPSAX % Rank
Government
53.04% -0.45% 93.76% 6.52%
Cash & Equivalents
46.96% -3.87% 100.00% 7.78%
Derivative
0.00% -3.25% 64.96% 39.22%
Securitized
0.00% 0.00% 59.50% 80.13%
Corporate
0.00% 0.00% 100.00% 92.85%
Municipal
0.00% 0.00% 99.77% 53.52%

Bond Geographic Breakdown

Weighting Return Low Return High IPSAX % Rank
US
42.70% -5.05% 84.24% 38.49%
Non US
0.00% -12.68% 26.09% 88.75%

Expenses

IPSAX - Expenses

Operational Fees

IPSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.84% 0.02% 5.91% 18.20%
Management Fee 1.00% 0.00% 2.00% 88.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

IPSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IPSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IPSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 1504.00% 0.65%

Distributions

IPSAX - Distributions

Dividend Yield Analysis

IPSAX Category Low Category High IPSAX % Rank
Dividend Yield 0.00% 0.00% 9.25% 60.88%

Dividend Distribution Analysis

IPSAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

IPSAX Category Low Category High IPSAX % Rank
Net Income Ratio -0.15% -4.40% 6.65% 94.66%

Capital Gain Distribution Analysis

IPSAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

IPSAX - Fund Manager Analysis

Managers

Dominick Paoloni


Start Date

Tenure

Tenure Rank

Apr 19, 2016

3.79

3.8%

Managing Principal and Chief Investment Officer of IPS Strategic Capital, Dominick Paoloni has served the investment community for over 35 years. Dominick received his Certified Investment Management Analyst (CIMA®) through the Wharton School of Business and completed the College for Financial Planning’s CFP certification program. An Adjunct Professor at the University of Denver, he frequently lectures in Denver and internationally on the real-world use of derivatives in risk-defined money management. Dominick is a nationally known writer, facilitator, and radio host and commentator. In 2009, he was recognized by Morningstar Advisor Magazine for successfully protecting his clients against the disastrous 2008 meltdown with innovative portfolios which weathered the storm with only a small fraction of the market’s losses. He has also been featured in numerous other publications, including EQ Derivatives Magazine, Financial Planning Magazine, the Denver Post, and the Journal of Investment Consulting, which published one of his white papers. His life’s work is striving to deliver a risk management solution that doesn’t rely on market timing or asset allocation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.11 6.63 0.08