IPS Strategic Capital Absolute Return Fund (IPSAX)

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IPS Strategic Capital Absolute Return Fund (IPSAX) is down 1.3% since the beginning of the year. IPSAX is currently trading at $10 per share. Investors who bought $1,000 worth of IPSAX shares 5 years ago would now be looking at an investment worth $1,296.

IPS Strategic Capital Absolute Return Fund (IPSAX) has returned -1.29% so far this year and 3.25% over the past 12 months. Over the last ten years, IPSAX has returned 5.88% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Apr 18, 2016, IPSAX's average daily return is +0.14%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +8.6%, while the worst month was Mar 2026 at -7.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, IPSAX closed higher 48% of trading days. The best single day was Jan 29, 2025 with a return of +382.8%, while the worst single day was Jan 30, 2025 at -79.2%.

IPS Strategic Capital Absolute Return Fund has an annualized alpha of 37.91%, beta of 0.28, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 18, 2016.

• This fund participated in 69.93% of S&P 500 Index downside but only 52.93% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.28 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IPSAX has a high expense ratio of 1.50%, indicating above-average management fees.

IPSAX ranks 5 for risk / return — above 5% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

IPS Strategic Capital Absolute Return Fund provided a 15.00% dividend yield over the last twelve months, with an annual payout of $1.49 per share.

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.

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.

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 81.31%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current IPS Strategic Capital Absolute Return Fund drawdown is 78.02%.

The chart below shows the rolling one-month volatility.