Microsoft (MSFT) Yield Shares Prps ETF (MSFY.NO)
21.75
+0.40
(+1.87%)
CAD |
NEO |
May 15, 14:18
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
-- | 0.04% | 9.071M | 4886.93 |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
1.84% | 398.7% | -- | Upgrade |
Basic Info
Investment Strategy | |
The Microsoft (MSFT) Yield Shares Purpose ETF seeks to provide the holders of Units (“Unitholders”) with (i) long-term capital appreciation through purchasing and holding common stock of Microsoft Corporation (“Microsoft”), including by using leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing to purchase common stock of Microsoft and (ii) distributions by writing covered call options and/or cash covered put options on a portion of the Purpose Fund’s portfolio. The Microsoft (MSFT) Yield Shares Purpose ETF 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 | -- |
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 | |
Not Disclosed | 0.28 yrs |
Performance Versus Category
As of May 14, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 14, 2024.
Basic Info
Investment Strategy | |
The Microsoft (MSFT) Yield Shares Purpose ETF seeks to provide the holders of Units (“Unitholders”) with (i) long-term capital appreciation through purchasing and holding common stock of Microsoft Corporation (“Microsoft”), including by using leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing to purchase common stock of Microsoft and (ii) distributions by writing covered call options and/or cash covered put options on a portion of the Purpose Fund’s portfolio. The Microsoft (MSFT) Yield Shares Purpose ETF 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 | -- |
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 | |
Not Disclosed | 0.28 yrs |