IPS Strategic Capital Absolute Return Fund Institutional Class
IPSAX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 127 Nw 13th Street Suite 13 Boca Raton FL United States of America 33432
- IPO Date
- Apr 18, 2016
- CIK
- 0001645192
- Website
- investpsfunds.com
- Similar Companies
- Business
- IPS Strategic Capital Absolute Return Fund Institutional Class (IPSAX) is a non-diversified open-end mutual fund seeking total return through an options-based strategy focused on equity hedged investments. The Fund, a series of WP Trust, primarily sells and purchases put and call options on equity indexes and exchange-traded funds (ETFs), such as S&P 500 index options and Invesco BulletShares 2025 Corporate Bond ETF; it may also hold U.S. stocks, cash equivalents, U.S. and non-U.S. bonds to cover positions and manage volatility, with top holdings including SPX call options expiring in 2025 and corporate bond ETFs. The strategy generates income from option premiums while aiming to limit downside risk from put sales and cap upside from call sales, resulting in allocations of approximately 64% U.S. stocks (primarily derivatives), 25% cash, 9% U.S. bonds, and 2% non-U.S. bonds. IPS Strategic Capital, Inc., founded in 1996 and headquartered in Denver, Colorado, serves as the Fund's investment adviser, with Dominick Paoloni, CIMA®, Founder and Chief Investment Officer, managing the portfolio since inception on April 15, 2016. The Fund operates in the U.S. market, targeting institutional and high-net-worth investors through financial advisors or direct accounts with a $5,000 minimum initial investment for Institutional Class shares; shares are distributed by Arbor Court Capital, LLC, with net assets of approximately $54 million and a net expense ratio of 1.48%. Recent developments include the release of the 2025 Annual and Semi-Annual Reports detailing ongoing options strategies, such as multiple SPX call option sales through November 2024 generating premiums exceeding $20 million on positions sized 20 million or more; the Fund maintained its focus on absolute return amid market volatility, paying an annual dividend with a trailing twelve-month yield around 13% as of late 2024. No major acquisitions, partnerships, funding rounds, or strategic shifts were reported in the last 1-2 years, with operations centered on refining its non-diversified options portfolio managed from Denver.