IPFPX Performance — Poplar Forest Partners Fund, Institutional Class
Data updated: 2026-08-28
IPFPX returned +20.62% year to date and +35.87% over one year to Jun 2026. Annualised returns are +19.54% over 3 years and +12.07% over 5 years. The fund beat its US Mid-Cap Value category average: $100 invested three years ago grew to $171, against $148 for the category, and to $136 over one year, against $120. Volatility over the past three years was 13.01% a year. In the 12 months to Jun 2026 the fund took in a net $9.9M, and assets reached $384.23M.
IPFPX Growth of $100
What $100 invested in Poplar Forest Partners Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | IPFPX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $136 | $120 |
| 3 years (Jul 2023 – Jun 2026) | $171 | $148 |
| 5 years (Jul 2021 – Jun 2026) | $177 | $154 |
| Since data start (Jan 2020 – Jun 2026) | $229 | $197 |
IPFPX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.62% |
| 1 year | +35.87% |
| 3 years (annualised) | +19.54% |
| 5 years (annualised) | +12.07% |
IPFPX Annual Returns
Calendar-year total returns of Poplar Forest Partners Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +20.62% |
| 2025 | +22.96% |
| 2024 | +6.29% |
| 2023 | +4.99% |
| 2022 | +0.82% |
| 2021 | +39.24% |
| 2020 | −1.28% |
IPFPX 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 | +3.1% | +2.6% | −3.5% | +6.7% | +6.0% | +4.5% | — | — | — | — | — | — |
| 2025 | +4.6% | +3.3% | −1.7% | −5.0% | +3.0% | +4.9% | +0.7% | +5.2% | +2.0% | −0.5% | +4.7% | +0.1% |
| 2024 | +0.6% | +3.5% | +5.3% | −4.8% | +2.3% | −1.1% | +3.3% | −0.5% | −0.1% | −1.1% | +5.7% | −6.3% |
| 2023 | +6.0% | −4.0% | −4.2% | +1.3% | −7.3% | +5.8% | +4.5% | −4.6% | −2.5% | −2.5% | +7.9% | +6.0% |
| 2022 | +2.1% | +0.9% | +1.0% | −4.1% | +5.8% | −8.7% | +3.9% | −3.3% | −8.7% | +13.4% | +4.3% | −3.6% |
| 2021 | +1.7% | +10.4% | +9.2% | +3.9% | +5.2% | −1.9% | −0.7% | +1.8% | −1.9% | +4.5% | −4.2% | +6.9% |
| 2020 | −6.2% | −11.6% | −21.0% | +13.9% | +3.4% | +3.2% | +1.3% | +3.2% | −3.9% | −0.2% | +18.0% | +4.7% |
IPFPX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.01%
- 3-year Sharpe ratio: 1.16 (vs 4.5% risk-free rate)
- Best month: +7.91% (Nov 2023)
- Worst month: −6.26% (Dec 2024)
IPFPX Fund Flows
Monthly money in and out of Poplar Forest Partners Fund, from SEC Form N-PORT.
- 12-month net flow: $9.9M
- 12-month gross sales (incl. reinvestments): $69.3M
- Sales ÷ redemptions: 1.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.6M | $3.4M | −$857K |
| May 2026 | $1.1M | $8.1M | −$6.9M |
| Apr 2026 | $3.0M | $4.2M | −$1.2M |
| Mar 2026 | $8.3M | $8.3M | −$5K |
| Feb 2026 | $5.8M | $5.3M | $534K |
| Jan 2026 | $3.7M | $5.6M | −$1.9M |
| Dec 2025 | $37.8M | $4.9M | $32.8M |
| Nov 2025 | $2.1M | $3.3M | −$1.2M |
| Oct 2025 | $972K | $3.3M | −$2.3M |
| Sep 2025 | $983K | $2.2M | −$1.3M |
| Aug 2025 | $1.8M | $8.5M | −$6.8M |
| Jul 2025 | $1.2M | $2.3M | −$1.0M |
IPFPX Assets Under Management
Net assets of Poplar Forest Partners Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $384.23M |
| 2026-03-31 | $333.46M |
| 2025-12-31 | $327.96M |
| 2025-09-30 | $313.28M |
| 2025-06-30 | $298.83M |
| 2025-03-31 | $295.54M |
| 2024-12-31 | $287.24M |
| 2024-09-30 | $313.49M |
| 2024-06-30 | $311.35M |
| 2024-03-31 | $331.78M |
| 2023-12-31 | $309.74M |
| 2023-09-30 | $290.29M |
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.