IFPUX Performance — Independent Franchise Partners US Equity Fund
Data updated: 2026-08-28
IFPUX returned −7.42% year to date and +3.22% over one year to Jun 2026. Annualised returns are +14.13% over 3 years and +10.14% over 5 years. The fund trailed its US Mid-Cap Blend category average: $100 invested three years ago grew to $149, against $150 for the category, and to $103 over one year, against $122. Volatility over the past three years was 13.44% a year. In the 12 months to Jun 2026 the fund lost a net $51.6M, and assets reached $1.35B.
IFPUX Growth of $100
What $100 invested in Independent Franchise Partners US Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | IFPUX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $122 |
| 3 years (Jul 2023 – Jun 2026) | $149 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $162 | $147 |
| Since data start (Jul 2019 – Jun 2026) | $247 | $208 |
IFPUX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −7.42% |
| 1 year | +3.22% |
| 3 years (annualised) | +14.13% |
| 5 years (annualised) | +10.14% |
IFPUX Annual Returns
Calendar-year total returns of Independent Franchise Partners US Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −7.42% |
| 2025 | +28.37% |
| 2024 | +21.86% |
| 2023 | +20.96% |
| 2022 | −10.74% |
| 2021 | +17.86% |
| 2020 | +19.00% |
| 2019 (Jul–Dec) | +12.42% |
IFPUX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1% | −1.4% | −6.9% | +1.5% | +1.1% | −1.6% | — | — | — | — | — | — |
| 2025 | +6.4% | +3.9% | −1.9% | −2.1% | +3.9% | +4.5% | +1.9% | +3.5% | +1.5% | −2.7% | +3.3% | +3.6% |
| 2024 | −0.1% | +4.2% | +1.1% | −5.9% | +4.3% | +1.8% | +5.4% | +5.6% | +2.3% | −0.6% | +7.8% | −5.2% |
| 2023 | +9.6% | −4.5% | +3.8% | +3.5% | −1.8% | +6.9% | +1.5% | −1.3% | −4.6% | −5.6% | +6.5% | +6.7% |
| 2022 | −1.7% | −0.8% | +3.0% | −6.6% | +0.4% | −6.8% | +5.7% | −4.2% | −8.8% | +7.8% | +7.7% | −5.3% |
| 2021 | −0.6% | +4.0% | +4.7% | +4.1% | +0.6% | +0.4% | +1.6% | +1.4% | −2.8% | +4.5% | −6.9% | +6.5% |
| 2020 | +0.2% | −8.4% | −9.5% | +12.1% | +5.2% | +1.9% | +3.6% | +6.6% | −3.5% | −4.5% | +11.2% | +5.3% |
| 2019 | — | — | — | — | — | — | +1.4% | −0.2% | +0.5% | +1.8% | +3.5% | +4.9% |
IFPUX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.44%
- 3-year Sharpe ratio: 0.72 (vs 4.5% risk-free rate)
- Best month: +7.83% (Nov 2024)
- Worst month: −6.93% (Mar 2026)
IFPUX Fund Flows
Monthly money in and out of Independent Franchise Partners US Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$51.6M
- 12-month gross sales (incl. reinvestments): $406.7M
- Sales ÷ redemptions: 0.89×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $11.5M | $198.2M | −$186.7M |
| May 2026 | $5.9M | $105K | $5.8M |
| Apr 2026 | $2.2M | $14.2M | −$12.0M |
| Mar 2026 | $51.5M | $10.4M | $41.1M |
| Feb 2026 | $265K | $5.7M | −$5.5M |
| Jan 2026 | $14.5M | $8.3M | $6.1M |
| Dec 2025 | $144.0M | $950K | $143.0M |
| Nov 2025 | $42.0M | $97.2M | −$55.2M |
| Oct 2025 | $10.3M | $105.9M | −$95.6M |
| Sep 2025 | $2.0M | $2.1M | −$147K |
| Aug 2025 | $42.6M | $12.0M | $30.6M |
| Jul 2025 | $79.9M | $3.1M | $76.8M |
IFPUX Assets Under Management
Net assets of Independent Franchise Partners US Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.35B |
| 2026-03-31 | $1.53B |
| 2025-12-31 | $1.63B |
| 2025-09-30 | $1.72B |
| 2025-06-30 | $1.50B |
| 2025-03-31 | $1.43B |
| 2024-12-31 | $1.13B |
| 2024-09-30 | $2.00B |
| 2024-06-28 | $1.90B |
| 2024-03-28 | $1.98B |
| 2023-12-29 | $1.89B |
| 2023-09-29 | $1.82B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.