What is IPDP?

IPDP seeks to provide income through an actively managed portfolio of dividend-paying, large-cap US stocks combined with credit spread options on an S&P 500 ETF or index.

PERFORMANCE [as of 03/28/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IPDP -5.46% 3.46% 1.07% -18.04% -- -- --
IPDP (NAV) -4.69% 3.74% 0.93% -17.76% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 0.90% 6.44% 4.81% -12.19% 17.61% 11.03% 12.07%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IPDP Factset Analytics Insight

IPDP is an income-focused fund that invests in dividend-paying US stocks utilizing an S&P 500 Index-based options overlay. The fund generally holds large-cap companies but has the ability to invest in income-producing securities of all-caps, including REITs. The selection process starts with a universe of companies that have a history of increasing dividends for at least 10 consecutive years. This is narrowed down to a portfolio of 50 stocks using a downside risk analysis based on valuation, growth, fundamentals, and sentiment. To generate additional income, the fund creates a credit spread position on an S&P 500 ETF or index by selling/writing short put options each month while simultaneously purchasing long put options with the same expiration. The fund seeks to maintain approx. 20% exposure to credit spread options, although market conditions may dictate otherwise. Prior to March 7, 2022, IPDP operated as a mutual fund (ticker: IPDPX) with $15.8 million in assets.

IPDP Summary Data

03/07/22
1.06%
$15.52M
No Underlying Index
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
-$0.00B 90 Days

IPDP Portfolio Data

$122.03B
19.11
5.43
2.81%
N/A
53

IPDP Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA Large Cap Index

IPDP Portfolio Management

1.06%
--
--
--

IPDP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

IPDP Fund Structure

Open-Ended Fund
No
--
-- / --
N/A
N/A
High
Daily

Factset Analytics Block Liquidity

As of 03/29/23

This measurement shows how easy it is to trade a $1 million USD block of IPDP. IPDP is rated a 4 out of 5.

IPDP Tradability

1,365
$19.44K
696
$9.57K
0.66%
$0.09
-0.02%
1.11% / -1.57%
None
100.00%
25,000
0.03
--
0.02%
0
$13.48
4

IPDP Sector/Industry Breakdown

IPDP Segment
Benchmark
19.90% --
16.72% --
13.45% --
12.28% --
11.18% --
8.69% --
8.60% --
6.78% --
4.04% --
3.53% --

IPDP Performance Statistics

0.93
1.78
1.92
1.69
1.40%
MSCI USA Large Cap Index

IPDP Countries

IPDP Segment
Benchmark
111.95% 99.89%
-- 0.11%

IPDP Regions

IPDP Segment
Benchmark
111.95% 100.00%

IPDP Economic Development

IPDP Segment
Benchmark
100.00% 100.00%
0.00% 0.00%

IPDP Benchmark Comparison Holdings

53
297
30
13.30%

IPDP Benchmark Comparison Summary

IPDP Segment
Benchmark
53 297
$122.03B $509.91B
19.11 20.54
5.43 4.13
1.72% 1.63%
Medium Low

IPDP Benchmark Comparison Market Cap Size

IPDP Segment
Benchmark
83.99% 100.00%
23.53% 0.00%
4.18% 0.00%
0.00% 0.00%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.