Princeton Premium Fund (PPFIX)
The investment seeks capital appreciation and income. The adviser utilize two principal investment strategies: a premium collection strategy involving sale or purchase of put options on the S&P 500 Index and investing in fixed income securities. The fund's adviser will determine the allocation between these strategies. The adviser intends to allocate between 30% to 100% of the fund's net assets to the premium collection strategy at any given time.
Fund Info
| ISIN | US66539A6038 |
|---|---|
| CUSIP | 66539A603 |
| Issuer | Princeton |
| Inception Date | Nov 15, 2016 |
| Category | Options Trading |
| Min. Investment | $100,000 |
| Asset Class | Alternatives |
Expense Ratio
PPFIX has a high expense ratio of 1.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PPFIX vs. NUPIX, PPFIX vs. PDO, PPFIX vs. PHB, PPFIX vs. PHK, PPFIX vs. EIVPX, PPFIX vs. PCY, PPFIX vs. VCLT, PPFIX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Princeton Premium Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Princeton Premium Fund had a return of 3.23% year-to-date (YTD) and 0.60% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.23% | 25.45% |
| 1 month | 0.67% | 2.91% |
| 6 months | 0.45% | 14.05% |
| 1 year | 0.60% | 35.64% |
| 5 years (annualized) | 3.61% | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of PPFIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.33% | 0.50% | 0.76% | 0.91% | 0.57% | 0.27% | 0.57% | -2.69% | 0.93% | 0.84% | 3.23% | ||
| 2023 | 0.33% | 0.08% | 1.18% | 0.25% | 0.99% | 0.26% | 0.74% | 0.82% | 0.77% | 1.14% | 0.32% | -2.71% | 4.21% |
| 2022 | -1.67% | 0.93% | 1.01% | -0.33% | 0.75% | -1.16% | 0.08% | 0.34% | 0.42% | 0.92% | 0.25% | -1.56% | -0.08% |
| 2021 | 1.70% | 1.32% | 3.39% | 0.76% | 1.58% | 1.07% | 0.89% | 0.32% | 1.04% | 0.56% | 0.71% | -6.04% | 7.25% |
| 2020 | 0.64% | -10.70% | 1.13% | 0.91% | 1.91% | 0.59% | 1.47% | 1.74% | 1.99% | 0.84% | 1.66% | 1.36% | 2.85% |
| 2019 | 1.00% | 0.79% | 1.08% | 0.78% | 1.83% | 0.76% | 0.75% | -0.93% | 1.03% | 0.37% | 0.37% | 0.37% | 8.49% |
| 2018 | -1.59% | -8.28% | 2.28% | 1.72% | 0.90% | 1.48% | 1.07% | 1.06% | 0.86% | -3.88% | 2.26% | -3.75% | -6.27% |
| 2017 | 1.00% | 0.50% | 1.19% | 1.17% | 1.35% | 0.86% | 0.47% | 0.94% | 0.65% | 0.65% | -0.09% | -1.66% | 7.23% |
| 2016 | 0.20% | -0.60% | -0.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PPFIX is 2, indicating that it is in the bottom 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Princeton Premium Fund (PPFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Princeton Premium Fund provided a 3.65% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.44 | $0.44 |
Dividend yield | 3.65% | 3.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Princeton Premium 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.37 | |
| 2023 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.44 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Princeton Premium 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 Princeton Premium Fund was 15.64%, occurring on Mar 12, 2020. Recovery took 178 trading sessions.
The current Princeton Premium Fund drawdown is 0.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.64% | Feb 21, 2020 | 15 | Mar 12, 2020 | 178 | Nov 23, 2020 | 193 |
| -13.67% | Nov 28, 2017 | 50 | Feb 8, 2018 | 506 | Feb 13, 2020 | 556 |
| -9.12% | Dec 9, 2021 | 128 | Jun 13, 2022 | 370 | Dec 1, 2023 | 498 |
| -4.31% | Jan 27, 2021 | 1 | Jan 27, 2021 | 3 | Feb 1, 2021 | 4 |
| -3.34% | Aug 2, 2024 | 3 | Aug 6, 2024 | — | — | — |
Volatility
Volatility Chart
The current Princeton Premium Fund volatility is 0.33%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.