IPS Strategic Capital Absolute Return Fund (IPSAX)
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.
Fund Info
US98212F4019
Apr 14, 2016
$5,000
Large-Cap
Blend
Expense Ratio
IPSAX has a high expense ratio of 1.50%, indicating above-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
IPS Strategic Capital Absolute Return Fund (IPSAX) returned 0.38% year-to-date (YTD) and 9.17% over the past 12 months.
IPSAX
0.38%
3.40%
-0.52%
9.17%
8.23%
7.58%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of IPSAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.51% | -1.11% | -2.72% | -0.19% | 3.00% | 0.38% | |||||||
| 2024 | 1.07% | 3.65% | 2.31% | -2.81% | 3.54% | 2.61% | 0.96% | 1.65% | 1.28% | -0.67% | 3.90% | -1.46% | 16.99% |
| 2023 | 2.82% | -1.53% | 1.45% | 0.44% | 0.65% | 4.56% | 2.70% | -1.21% | -3.27% | -1.59% | 6.77% | 3.72% | 16.10% |
| 2022 | -3.89% | -4.22% | 1.19% | -3.45% | 0.23% | -3.44% | 2.28% | -1.35% | -1.76% | -0.70% | 2.01% | -3.90% | -16.02% |
| 2021 | -0.00% | 1.99% | 2.05% | 3.92% | 0.09% | 1.58% | 1.99% | 2.37% | -3.72% | 4.64% | -0.41% | 2.67% | 18.27% |
| 2020 | -0.58% | -1.96% | -4.20% | 1.67% | 2.05% | -0.50% | 0.91% | 3.91% | -1.25% | -2.93% | 3.52% | 2.81% | 3.12% |
| 2019 | 3.34% | 2.28% | 0.84% | 3.43% | -6.23% | 4.50% | 1.54% | -2.12% | 0.93% | 1.23% | 2.02% | 1.58% | 13.68% |
| 2018 | 4.79% | -2.47% | -3.37% | -0.78% | 1.08% | 1.06% | 2.11% | 2.72% | 0.37% | -6.46% | 1.26% | -5.18% | -5.36% |
| 2017 | 0.10% | 3.28% | -0.58% | 0.19% | 1.16% | 0.19% | 0.57% | 0.66% | 1.89% | 1.11% | 3.02% | 1.25% | 13.56% |
| 2016 | 0.40% | -0.20% | 2.10% | 3.13% | -0.10% | -2.47% | -2.14% | 0.50% | -0.01% | 1.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IPSAX is 66, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for IPS Strategic Capital Absolute Return Fund (IPSAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
IPS Strategic Capital Absolute Return Fund provided a 13.83% dividend yield over the last twelve months, with an annual payout of $1.47 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.47 | $1.47 | $0.00 | $1.07 | $0.61 | $0.05 | $0.90 | $0.00 | $0.96 | $0.07 |
Dividend yield | 13.83% | 13.88% | 0.00% | 12.04% | 5.18% | 0.47% | 8.79% | 0.00% | 9.16% | 0.69% |
Monthly Dividends
The table displays the monthly dividend distributions for IPS Strategic Capital Absolute Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.47 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $1.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2019 | $0.00 | $0.90 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.96 |
| 2016 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the IPS Strategic Capital Absolute Return Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the IPS Strategic Capital Absolute Return Fund was 16.70%, occurring on Apr 25, 2023. Recovery took 198 trading sessions.
The current IPS Strategic Capital Absolute Return Fund drawdown is 2.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.7% | Dec 30, 2021 | 331 | Apr 25, 2023 | 198 | Feb 7, 2024 | 529 |
| -12.26% | Feb 20, 2020 | 61 | May 15, 2020 | 78 | Sep 4, 2020 | 139 |
| -11.63% | Oct 4, 2018 | 62 | Jan 3, 2019 | 226 | Nov 25, 2019 | 288 |
| -10.66% | Jan 24, 2025 | 52 | Apr 8, 2025 | — | — | — |
| -8.63% | Jan 29, 2018 | 67 | May 3, 2018 | 105 | Oct 2, 2018 | 172 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...