IPPP Fund Description
IPPP provides exposure by holding preferred securities issued by US and non-US companies, with a 10% exposure to the S&P 500 ETF using a credit spread options strategy.
IPPP Factset Analytics Insight
IPPP seeks to provide income by investing in a variety of preferred securities issued by US and non-US companies, namely traditional, hybrid, floating-rate, and convertible preferred securities. The fund will invest a substantial portion of its assets in securities from the financial sector, but may also invest in other sectors, with no limit regarding market-cap, credit quality, and maturity. The fund adviser selects securities it believes are undervalued by evaluating issuers on their fundamental characteristics, credit worthiness, corporate and capital structures. Prevailing market factors are also considered by the adviser. IPPP’s strategy also includes an options overlay feature, which intends to achieve a credit spread on an S&P 500 ETF or Index by selling/writing an OTM short put option each month while purchasing an OTM long put option below the short option position. Prior to March 7, 2022, IPPP operated as a mutual fund (ticker: IPPPX) with $12.9 million in assets.
IPPP Summary Data
IPPP Portfolio Data
IPPP Index Data
IPPP Portfolio Management
IPPP Tax Exposures
IPPP Fund Structure
IPPP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IPPP. IPPP is rated a N/A out of 5.
IPPP Sector/Industry Breakdown
IPPP Top 10 Holdings[View All]
IPPP Performance Statistics
IPPP Holdings Statistics
IPPP Avg Life Maturity Distribution
IPPP OAS Breakdown
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.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.