IPS Strategic Capital Absolute Return Fund Institutional Class

Frequently Asked Questions About IPSAX

What does IPSAX invest in?

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.

What is the expense ratio of IPSAX?

IPS Strategic Capital Absolute Return Fund Institutional Class (IPSAX) charges an expense ratio of 1.51%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IPSAX?

IPS Strategic Capital Absolute Return Fund Institutional Class (IPSAX) manages $57.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is IPSAX actively managed or an index fund?

IPSAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was IPSAX launched?

IPS Strategic Capital Absolute Return Fund Institutional Class (IPSAX) launched in April 2016 and is managed by the fund issuer.

How has IPSAX performed?

IPSAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.