SLCPX — Selective Premium Income Fund
Data updated: 2021-05-27
SLCPX — Selective Premium Income Fund. United States Value Equity · $10.57M AUM · 1.60% expense ratio. Holdings, fees, performance and SEC filings.
SLCPX Fund Overview
SLCPX — Selective Premium Income Fund is a US mutual fund managed by Unified Series Trust, categorised as United States Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Unified Series Trust
- Category: United States Value Equity
- Assets under management: $10.57M
- 1-year return: 1.0%
- Ticker: SLCPX
- SEC CIK: 0001199046
- SEC series ID: S000064974
- Share class ID: C000210386
SLCPX Investment Objective and Strategy
Selective Premium Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Unified Series Trust.
Investment objective
"The investment objective of the Selective Premium Income Fund (the ""Fund"") is generating income while protecting principal."
Principal investment strategy
"The Fund seeks to meet its objective primarily by engaging in covered call option transactions and cash covered put option transactions on ""Selective Companies."" The Fund's adviser, Selective Wealth Management, Inc. (the ""Adviser""), uses its ""Selective Process"" to identify companies that it believes (1) produce products or services for which there are few good substitutes, (2) have a durable competitive advantage, (3) are highly profitable (as measured by return on equity), (4) have prudent debt levels, (5) have management that skillfully reinvests earnings, and (6) are led by outstanding individuals. The Adviser considers companies meeting all six criteria to be ""Selective Companies."" The Adviser primarily uses option transactions involving Selective Companies to build a portfolio for the Fund that the Adviser believes will generate cash flows, while preserving capital and minimizing volatility.
Covered call options involve the Fund buying an equity security and writing (selling) an option for another party to buy the security at a set price in return for a premium payment to the Fund. Cash covered put options involve the Fund selling an option promising to purchase an equity security at a fixed price in return for a premium payment to the Fund. The Fund intends to utilize deep in the money covered calls and cash covered puts to generate income. The Fund anticipates that the majority of calls and puts will be at least 20% in the money at the time of execution. Depending on market conditions, the Fund may also invest in other income-producing assets, such as fixed income securities (including U.S. Government securities), preferred stock, convertible securities and dividend-paying common stock.
The Fund may invest across a range of maturities, duration and quality, including issues with below investment grade ratings (""junk bonds""). Investment in these income-producing securities may be in addition to, or as an alternative to, engaging in the above-described option transactions. The Fund is non-diversified and focuses its investments in a relatively small number of Selective Companies. At times, the Fund may invest a substantial portion of its assets in cash and cash equivalents, including money market funds and other short-term fixed income securities, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient opportunities in Selective Companies appropriate for investment."
SLCPX Performance
Total returns for SLCPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.0% |
SLCPX Risk Information
Risk metrics for SLCPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.8%
SLCPX Costs and Fees
SLCPX costs about $160 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.60%
- Gross expense ratio: 1.60%
- Brokerage commissions: 1.20 bps of average net assets (SEC N-CEN)
SLCPX Cashflows
Over the 12 months to 2021-03, Selective Premium Income Fund had net inflows of $10.56M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-03 | −$3.99M |
| 2021-02 | −$83.94K |
| 2021-01 | $0 |
| 2020-12 | −$42.08K |
| 2020-11 | $28.95K |
| 2020-10 | $369.93K |
SLCPX Debt Constituents
No individual debt constituents are reported in Selective Premium Income Fund's latest SEC N-PORT filing.
SLCPX Prospectus and SEC Filings
Official Selective Premium Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.