WP Smaller Companies Income Plus Instl
Name
As of 11/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-48.9%
1 yr return
-47.7%
3 Yr Avg Return
-22.5%
5 Yr Avg Return
-12.1%
Net Assets
$3.7 M
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 6.20%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WPSMX - Profile
Distributions
- YTD Total Return -48.9%
- 3 Yr Annualized Total Return -22.5%
- 5 Yr Annualized Total Return -12.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -2.58%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
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Legal NameWP Smaller Companies Income Plus Fund
-
Fund Family NameWP Trust
-
Inception DateJan 04, 2016
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
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ManagerCharles Stoll
Fund Description
Principal Investment Strategy of the Smaller Companies Fund. The Smaller Companies Fund seeks to meet its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in unaffiliated mutual funds and exchange-traded funds (“ETFs”) that invest primarily in securities of small-capitalization issuers (“Underlying Small-Cap Funds”). The Smaller Companies Fund’s investment objective may be changed without shareholder approval; however, the Smaller Companies Fund will provide 60 days’ advance notice to shareholders before implementing a change in the Smaller Companies Fund’s investment objective.
The Smaller Companies Fund seeks to produce income through dividends paid on such Underlying Small-Cap Funds. The Smaller Companies Fund also seeks to produce income (e.g., premium income on the sale of an option) and total return through an options strategy. The Fund’s Advisor will generally buy and sell options linked to either the Russell 2000® Index or the S&P 500 Index. The Fund’s exposure to options is expected to be between 10-20% of the Fund’s net assets.
The Underlying Small-Cap Funds in which Smaller Companies Fund invests consider small-capitalization issuers to be, at the time of purchase, no larger than the largest capitalized issuer included in the Russell 2000® Index. As of February 28, 2022, the largest company in the Russell 2000® Index had a market capitalization of $11.969 billion. The Russell 2000® Index measures the performance of the 2,000 smallest issuers in the Russell 3000® Index, which measures the performance of the 3,000 largest U.S. issuers. The Russell 2000® Index is widely regarded as representative of small capitalization issuers.
The portfolio managers will strategically allocate the Smaller Companies Fund’s resources to the Underlying Small-Cap Funds and the options strategy as the portfolio managers deem appropriate to perform well over a market cycle. The portfolio managers select the Underlying Small-Cap Funds based on the following criteria: expense ratio, trading value relative to its net asset value, liquidity, the Underlying Small-Cap Fund’s overall float and size, amount and frequency of its distributions, percentage of its aggregate holding having an appropriate market capitalization, the Underlying Small-Cap Funds’ performance compared historically to the small company stock indices and the availability of individual call options on the Underlying Small-Cap Fund.
The Smaller Companies Fund intends to sell covered call options on a portion of its holdings. The Fund’s Advisor generally sells covered call options to provide the income component of the options strategy described in the Fund’s investment objective. The extent of option selling will depend upon market conditions and the Advisor’s judgment of the advantages of selling call options on the Smaller Companies Fund’s investments.
The Smaller Companies Fund may also sell put options on ETFs that the Fund’s Advisor believes are attractive for purchase at prices at or above the exercise price of the put options sold. The Advisor generally will sell put options to increase the total return component of the options strategy described in the Fund’s investment objective. The Smaller Companies Fund may, in certain circumstances, purchase put options on the S&P 500 (or another broad-based securities index deemed suitable for this purpose) to protect against a loss of principal value due to stock price decline. The Advisor generally purchases put options to protect the total return component of the options strategy described in the Fund’s investment objective. The extent of option selling or purchasing activity will depend upon market conditions and the Advisor’s assessment of the advantages of selling index call options, purchasing index put options and selling put options on individual stocks.
Additionally, the Smaller Companies Fund will enter into call spreads and put spreads that are out of the money. A spread is an options position established by purchasing one option and selling another option of the same class, but of a different series. So, the exercise price of the call options sold will be above the current level of the index when sold and the exercise price of the call options bought will be above the exercise price of the call options sold. The exercise price of put options sold generally will be below the
current level of the index when sold and the exercise price of the put options bought will be below the exercise price of put options sold.
The Smaller Companies Fund may be appropriate for investors with long-term time horizons who are not sensitive to short-term losses and want to participate in the long-term growth of the financial markets.
The Fund’s Advisor rebalances the Smaller Companies Fund’s investments in the Underlying Small-Cap Funds as the Advisor deems necessary and appropriate. The Smaller Companies Fund’s investments in the types of securities and other investments described in this prospectus vary from time to time, and, at any time, the Smaller Companies Fund may not be invested in all of the types of securities and other investments described in this prospectus. The Smaller Companies Fund may also invest in securities and other investments not described in this prospectus.
WPSMX - Performance
Return Ranking - Trailing
Period | WPSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -48.9% | -57.9% | 580.8% | 99.01% |
1 Yr | -47.7% | -76.7% | 528.7% | 86.02% |
3 Yr | -22.5%* | -33.9% | 33.3% | 98.10% |
5 Yr | -12.1%* | -24.9% | 23.6% | 92.99% |
10 Yr | N/A* | -13.9% | 19.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | WPSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.2% | -90.6% | 781.7% | 67.44% |
2022 | 1.7% | -39.1% | 109.8% | 98.79% |
2021 | 14.0% | -3.0% | 36.5% | 5.33% |
2020 | -5.2% | -29.8% | 7.4% | 58.12% |
2019 | 2.0% | -8.2% | 29.5% | 73.63% |
Total Return Ranking - Trailing
Period | WPSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -48.9% | -67.4% | 580.8% | 98.85% |
1 Yr | -47.7% | -76.7% | 528.7% | 86.02% |
3 Yr | -22.5%* | -33.9% | 33.3% | 98.10% |
5 Yr | -12.1%* | -23.4% | 23.6% | 95.39% |
10 Yr | N/A* | -12.8% | 19.2% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | WPSMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -14.2% | -90.6% | 781.7% | 67.61% |
2022 | 1.7% | -39.1% | 109.8% | 98.79% |
2021 | 14.0% | -3.0% | 36.5% | 5.33% |
2020 | -5.2% | -29.8% | 8.5% | 69.00% |
2019 | 2.0% | -1.7% | 40.9% | 89.86% |
NAV & Total Return History
WPSMX - Holdings
Concentration Analysis
WPSMX | Category Low | Category High | WPSMX % Rank | |
---|---|---|---|---|
Net Assets | 3.7 M | 183 K | 28 B | 98.88% |
Number of Holdings | 13 | 6 | 1336 | 98.23% |
Net Assets in Top 10 | 5.43 M | 59 K | 2.7 B | 93.10% |
Weighting of Top 10 | N/A | 4.7% | 100.0% | 0.99% |
Top 10 Holdings
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
- S&P 500 Index, February 17, 2023, Put @ $4,050.00 25.26%
Asset Allocation
Weighting | Return Low | Return High | WPSMX % Rank | |
---|---|---|---|---|
Stocks | 100.03% | 77.52% | 101.30% | 0.48% |
Preferred Stocks | 0.00% | 0.00% | 3.43% | 49.60% |
Other | 0.00% | -1.57% | 7.18% | 56.98% |
Convertible Bonds | 0.00% | 0.00% | 1.57% | 47.83% |
Bonds | 0.00% | 0.00% | 3.19% | 47.51% |
Cash | -0.03% | -1.30% | 22.49% | 99.20% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WPSMX % Rank | |
---|---|---|---|---|
Healthcare | 31.72% | 0.00% | 47.90% | 3.85% |
Financial Services | 16.56% | 0.00% | 100.00% | 10.75% |
Industrials | 11.25% | 0.00% | 36.64% | 88.76% |
Consumer Cyclical | 10.03% | 0.00% | 40.68% | 75.28% |
Technology | 9.93% | 0.00% | 75.51% | 97.43% |
Real Estate | 6.24% | 0.00% | 15.31% | 11.56% |
Energy | 4.08% | 0.00% | 55.49% | 28.41% |
Consumer Defense | 2.87% | 0.00% | 13.56% | 66.45% |
Basic Materials | 2.74% | 0.00% | 10.30% | 43.02% |
Communication Services | 2.58% | 0.00% | 15.31% | 44.78% |
Utilities | 2.00% | 0.00% | 5.57% | 6.74% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WPSMX % Rank | |
---|---|---|---|---|
US | 88.48% | 67.06% | 99.56% | 80.42% |
Non US | 11.55% | 0.00% | 26.08% | 8.99% |
WPSMX - Expenses
Operational Fees
WPSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.34% | 0.03% | 4.18% | 0.48% |
Management Fee | 1.35% | 0.05% | 4.05% | 98.39% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 42.98% |
Administrative Fee | 0.07% | 0.01% | 0.40% | 37.84% |
Sales Fees
WPSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
WPSMX 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.
WPSMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 6.20% | 3.00% | 439.00% | 1.68% |
WPSMX - Distributions
Dividend Yield Analysis
WPSMX | Category Low | Category High | WPSMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 23.30% | 40.61% |
Dividend Distribution Analysis
WPSMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
WPSMX | Category Low | Category High | WPSMX % Rank | |
---|---|---|---|---|
Net Income Ratio | -2.58% | -4.08% | 1.10% | 99.67% |
Capital Gain Distribution Analysis
WPSMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
WPSMX - Fund Manager Analysis
Managers
Charles Stoll
Start Date
Tenure
Tenure Rank
Jan 04, 2016
6.41
6.4%
Mr. Charles Stoll, CPA, CFP, PFS, has served as the managing member of the Winning Points Advisors, LLC since 1989. Mr. Stoll obtained a Bachelor’s degree in Business Administration in accounting in 1977 from Stetson University. Although Mr. Stoll does not currently practice as a Certified Public Accountant (CPA), he is certified as such. Additionally, Mr. Stoll is certified by the CFP Board as a Certified Financial Planner and by the AICPA as a Personal Financial Specialist.
John Brandt
Start Date
Tenure
Tenure Rank
Jan 04, 2016
6.41
6.4%
Mr. John Brandt has served as an Investment Adviser Representative to the Winning Points Advisors, LLC since February 2000. Mr. Brandt graduated from Notre Dame University with his bachelor’s degree in business administration in 1965. Mr. Brandt previously served LPL Financial Corporation and Mutual Service Corporation as a Registered Representative and was a vice president of Drexel Burnham Lambert.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.44 | 8.96 | 5.25 |