Apple (AAPL) Yield Shares Prps ETF (APLY.NO)
22.88
+0.06
(+0.26%)
CAD |
NEO |
May 01, 13:12
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 1.79% | 0.46% | 12.49M | 5293.40 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 8.76% | 268.6% | 7.264M | Upgrade |
Basic Info
| Investment Strategy | |
| The fund seeks to provide the holders of Units (“Unitholders”) with (i) long-term capital appreciation through purchasing and holding common stock of Apple Inc. (“Apple”), including by using leverage through cash borrowing to purchase common stock of Apple and (ii) distributions by writing covered call options and/or cash covered put options on a portion of the Purpose Fund’s portfolio. The fund will hedge substantially all of its U.S. dollar currency exposure with respect to the Units back to the Canadian dollar. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Growth |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Alternative |
| Category Name | Alternative Equity Focused |
| Category Index | Morningstar CAD O/N Cash GR CAD |
| Global Category Name | Long/Short Equity |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Purpose Investments Inc. |
| Prospectus Benchmark Index | |
| N/A | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Nicholas Mersch | 1.28 yrs |
Performance Versus Category
As of April 30, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of April 30, 2024.
Basic Info
| Investment Strategy | |
| The fund seeks to provide the holders of Units (“Unitholders”) with (i) long-term capital appreciation through purchasing and holding common stock of Apple Inc. (“Apple”), including by using leverage through cash borrowing to purchase common stock of Apple and (ii) distributions by writing covered call options and/or cash covered put options on a portion of the Purpose Fund’s portfolio. The fund will hedge substantially all of its U.S. dollar currency exposure with respect to the Units back to the Canadian dollar. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Growth |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Alternative |
| Category Name | Alternative Equity Focused |
| Category Index | Morningstar CAD O/N Cash GR CAD |
| Global Category Name | Long/Short Equity |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Purpose Investments Inc. |
| Prospectus Benchmark Index | |
| N/A | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Nicholas Mersch | 1.28 yrs |