IPFCX Performance — Poplar Forest Cornerstone Fund, Investor Class
Data updated: 2026-08-28
IPFCX returned +13.10% year to date and +23.25% over one year to Jun 2026. Annualised returns are +14.49% over 3 years and +9.11% over 5 years. The fund beat its Moderate Allocation category average: $100 invested three years ago grew to $150, against $141 for the category, and to $123 over one year, against $115. Volatility over the past three years was 9.43% a year. In the 12 months to Jun 2026 the fund took in a net $1.8M, and assets reached $38.17M.
IPFCX Growth of $100
What $100 invested in Poplar Forest Cornerstone Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | IPFCX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $123 | $115 |
| 3 years (Jul 2023 – Jun 2026) | $150 | $141 |
| 5 years (Jul 2021 – Jun 2026) | $155 | $133 |
| Since data start (Jan 2020 – Jun 2026) | $200 | $160 |
IPFCX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.10% |
| 1 year | +23.25% |
| 3 years (annualised) | +14.49% |
| 5 years (annualised) | +9.11% |
IPFCX Annual Returns
Calendar-year total returns of Poplar Forest Cornerstone Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +13.10% |
| 2025 | +16.26% |
| 2024 | +6.70% |
| 2023 | +6.61% |
| 2022 | −1.30% |
| 2021 | +29.98% |
| 2020 | +4.30% |
IPFCX 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 | +2.2% | +1.8% | −2.6% | +4.7% | +4.2% | +2.4% | — | — | — | — | — | — |
| 2025 | +3.2% | +2.5% | −1.5% | −2.9% | +1.5% | +3.9% | +0.6% | +3.5% | +1.4% | +0.3% | +2.9% | 0.0% |
| 2024 | +0.6% | +2.1% | +3.8% | −3.7% | +2.1% | −0.2% | +2.7% | +0.4% | +0.5% | −1.1% | +4.4% | −4.4% |
| 2023 | +5.5% | −2.9% | −2.6% | +0.9% | −4.6% | +3.8% | +3.1% | −3.1% | −2.1% | −2.3% | +6.8% | +4.8% |
| 2022 | +1.3% | +0.6% | +0.4% | −3.4% | +4.3% | −7.0% | +3.4% | −2.6% | −7.2% | +9.1% | +3.7% | −2.7% |
| 2021 | +1.1% | +7.9% | +7.0% | +3.5% | +4.1% | −1.3% | −0.4% | +1.7% | −1.8% | +3.6% | −3.1% | +5.0% |
| 2020 | −4.0% | −7.8% | −14.8% | +10.2% | +2.8% | +2.5% | +1.5% | +2.5% | −2.9% | +0.2% | +13.5% | +3.8% |
IPFCX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 9.43%
- 3-year Sharpe ratio: 1.06 (vs 4.5% risk-free rate)
- Best month: +6.79% (Nov 2023)
- Worst month: −4.37% (Dec 2024)
IPFCX Fund Flows
Monthly money in and out of Poplar Forest Cornerstone Fund, from SEC Form N-PORT.
- 12-month net flow: $1.8M
- 12-month gross sales (incl. reinvestments): $4.4M
- Sales ÷ redemptions: 1.70×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.1M | $30K | $1.1M |
| May 2026 | $707 | $10K | −$9K |
| Apr 2026 | $33K | $667K | −$634K |
| Mar 2026 | $21K | $19K | $2K |
| Feb 2026 | $854 | $427K | −$426K |
| Jan 2026 | $53K | $5K | $48K |
| Dec 2025 | $2.9M | $471K | $2.4M |
| Nov 2025 | $381 | $191K | −$190K |
| Oct 2025 | $69K | $0 | $69K |
| Sep 2025 | $96K | $744K | −$648K |
| Aug 2025 | $5K | $15K | −$10K |
| Jul 2025 | $142K | $15K | $127K |
IPFCX Assets Under Management
Net assets of Poplar Forest Cornerstone Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $38.17M |
| 2026-03-31 | $33.87M |
| 2025-12-31 | $33.79M |
| 2025-09-30 | $33.40M |
| 2025-06-30 | $32.13M |
| 2025-03-31 | $32.56M |
| 2024-12-31 | $34.46M |
| 2024-09-30 | $35.23M |
| 2024-06-30 | $34.02M |
| 2024-03-31 | $35.15M |
| 2023-12-31 | $33.18M |
| 2023-09-30 | $30.72M |
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.