1 min read
Sources:
press and public records, Kevin's account (Sept 29, 2026)
["default","default","default"]
Short answer
Over 24% cumulative over 27 months, by Kevin’s account on video and in the Q&A, from a November 29, 2022 launch to a February 25, 2025 liquidation at net asset value, with hedges that he says lowered the return. The S&P 500 rose more over the same span. A like-for-like comparison with identical dates and the fund’s final net-of-fee figure is not on this page, because those figures have not been compiled; what is here is his number and the direction of the comparison. 12
His figure: over 24% (cumulative, 27 months)
The drag: Hedges (lowered returns, by his account)
The index: Did better (over the same span; exact comparison not compiled)
What is on the record
Average annual return since inception of about 13.01%, a final year of about -0.47%, an expense ratio of 0.76%, and a strategy of 25 to 60 U.S. companies judged to have pricing power, heavily weighted to Tesla and Nvidia and moved substantially to cash in late 2024. 1
From the September 29, 2026 Q&A
Kevin’s account
Yes, over 24% total in 2.5 years, cumulatively. Yes, the hedges lowered returns. 2
Over 24% gained over 27 months, by his account, with hedges that cost return, against an index that did better. He closed the fund and tells people to buy the index first. 12
Simply put
✅ The return
➡️ Over 24% gained over 27 months, by his count.
✅ The drag
➡️ Treasury and cash hedges for a downturn that did not come.
✅ The comparison
➡️ The index beat it. He closed the fund and tells people to buy the index first.
Sources
stockanalysis.com and etf.com, PP fund pages (average annual return since inception about 13.01%; final year about -0.47%; expense ratio 0.76%), Open
Kevin's account (Sept 29, 2026), Questions 31 and 32, the return Read the excerpt
