IPSAX
IPS Strategic Capital Absolute Return Fund
WP Trust
Expense ratio1
1.48%
Net assets2
$52.49M
Holdings2
7
Category
Other
2025 return3
9.09%

Top holdings

As of Feb. 28, 2026 · N-PORT
SecurityTickerValue% of fund
WOLFSPEED INC $16.67M 31.76%
WOLFSPEED INC $7.75M 14.76%
WOLFSPEED INC $7.67M 14.61%
Alpha Architect 1-3 Month Box ETF BOXX $6.04M 11.50%
WOLFSPEED INC $5.27M 10.04%
WOLFSPEED INC $4.75M 9.04%
CALL SPDR GOLD SHARES 12/29/2023 C180 $3.61M 6.87%
WOLFSPEED INC $3.20M 6.10%
WOLFSPEED INC $2.98M 5.69%
CALL ISHARES SILVER T 03/31/2023 C22.5 $2.66M 5.07%
View all holdings →

Allocation by sector

As of February 28, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
4
Exited
1
Increased
0
Decreased
2
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Similar funds

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Advisers

As of February 28, 2025 · N-CEN
FirmRole
IPS Strategic Capital, Inc. Adviser

Footnotes

  1. Expense ratio as of June 26, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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