Fund Evaluator:
Princeton Premium A (PPFAX)
Follow This Fund
Best Performing in Equity Hedged Over the Last Year
| 14.3% | Parametric Volatil Risk Prm-Defensv I (EIVPX) |
| 13.7% | Cavanal Hill Hedged Equity Income Inv (APLIX) |
| 13.5% | Fidelity Advisor Hedged Equity Z (FEQZX) |
| 12.5% | T. Rowe Price Hedged Equity Z (PZHEX) |
| 11.6% | MAI Managed Volatility Investor (DIVPX) |
Fund Details
Princeton Premium A Overview
Princeton Premium A (PPFAX) is an actively managed Nontraditional Equity Equity Hedged fund. Princeton launched the fund in 2016.
The investment seeks capital appreciation and income. The adviser utilize two principal investment strategies: a premium collection strategy involving sale or purchase of put options on the S&P 500 Index and investing in fixed income securities. The fund's adviser will determine the allocation between these strategies. The adviser intends to allocate between 30% to 100% of the fund's net assets to the premium collection strategy at any given time.
About Princeton Premium A (PPFAX)
There are 2 members of the management team with an average tenure of 7.98 years: Greg Anderson (2016), Zachary Slater (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Princeton Premium A has 16 securities in its portfolio. The top 10 holdings constitute 79.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Princeton Premium A is part of the Equity global asset class and is within the Nontraditional Equity fund group. Princeton Premium A has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Princeton Premium A has 100.0% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $432 million average for the Equity Hedged category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PPFAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Princeton Premium A expense ratio is high compared to funds in the Equity Hedged category. Princeton Premium A has an expense ratio of 2.21%, which is 59% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Princeton Premium A. By way of comparison, the average portfolio turnover is 69% for the Equity Hedged category.
Recently, in the month of July 2026, Princeton Premium A returned 0.5%, which earned it a grade of B, as the Equity Hedged category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Princeton Premium A has a trailing yield of 2.87%, which is above the 0.94% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Princeton Premium A Grades
Year to date, the fund has returned 2.6%, 2.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 6.4% over the past year (grade of F), 5.2% over the past three years (grade of F) and 4.9% per year over the past five years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Princeton Premium A, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
PPFAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PPFAX Return (NAV) | 0.5% | 1.4% | 6.4% | 5.2% | 4.9% | na |
| PPFAX Grade | B | D | F | F | D | na |
| +/- Category | 0.5% | -0.7% | -4.2% | -4.6% | -1.0% | na |
| Equity Hedged Avg | -0.0% | 2.1% | 10.6% | 9.9% | 5.9% | 6.6% |
| PPFAX Tax Cost Ratio | na | na | 1.8% | 1.8% | 1.8% | na |
PPFAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PPFAX Return (NAV) | 2.6% | 7.3% | 2.3% | 7.3% | 1.4% | 14.7% | 3.0% | 8.6% | -5.7% | 9.8% | na |
| PPFAX Grade | F | D | F | D | A | A | F | F | D | C | na |
| +/- Category | -2.8% | -2.1% | -9.8% | -5.0% | 11.2% | 3.5% | -7.9% | -5.5% | -3.0% | 0.9% | na |
| Equity Hedged Avg | 5.4% | 9.4% | 12.2% | 12.3% | -9.8% | 11.3% | 10.8% | 14.1% | -2.7% | 8.9% | 4.5% |
| Risk Measures | |
| Standard Deviation: | 2.3% |
| Total Risk Index: | 0.18 - Low |
| Category Risk Index: | 0.28 - Low |
| Category Risk Grade: | A (3% Rank) |
| Beta: | -0.02 |
| R-Squared: | 1% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 2.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $287 Mil |
| Fund Total Assets: | $ 5 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 0% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.7 years | |||
| Average Tenure: 8.0 years | |||
| Managers (Year): Anderson Greg (2016), Slater Zachary (2020) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 16 |
| % in Top 10 Holdings: | 79.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 100.0% |
Purchase Information
| Fund Family: | Princeton |
| Phone Number: | 888-868-9501 |
| Website: | www.pfstrategyfund.com |
| Status: | Open |
| Inception Date: | November 16, 2016 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 2.21% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.39% |
| Share Class: | Princeton Premium I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
