The MP63 Fund Inc.
The MP63 Fund (DRIPX) was established in 1999 to help people invest their IRAs in a DRIP-style manner, which means building up holdings slowly (over a period of years) and favoring investor-friendly companies that hold shares on their books rather than on some broker’s books.
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Dear Fellow Shareholders,
The MP63 Fund (DRIPX) continues to follow the investing guidelines that were established at its inception in March 1999: At least 80% of it’s assets are invested in what we consider to be high-quality companies that pay dividends and offer the option to invest directly through the company-sponsored Dividend Reinvestment Plan (DRIP). As portfolio managers, we make an effort to minimize fund expenses and we are mindful of the effect of capital gains for those who are invested in a taxable account. The Fund’s expense ratio during the 2024 fiscal year, which spans from 3/1/2023 to 2/29/24 was 0.72%, which compares favorably with 0.80% for Large-Cap No-Load funds. This relatively low expense ratio is more remarkable given the Fund’s relatively small asset base compared with the billion-dollar funds in this category. Click here to read the shareholder letter