Parametric Equity Premium Income ETF (PAPI)
26.45
+0.05
(+0.19%)
USD |
NYSEARCA |
May 21, 16:00
26.33
-0.12
(-0.45%)
After-Hours: 19:59
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.29% | 0.15% | 381.03M | 90130.27 |
| Weighted Average Dividend Yield | Turnover Ratio (Generic) | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 3.15% | 27.00% | 140.00M |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide consistent monthly income while maintaining prospects for capital appreciation by investing in dividend-paying equity securities of US companies from the Russell 3000 Index while using option contracts on the SPDR S&P 500 ETF Trust or on the S&P 500 Index to generate additional yield. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Multi Cap Value |
| Broad Asset Class | Nontraditional Equity |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Relative Value |
| Peer Group | Options Arbitrage/Opt Strategies Funds |
| Global Macro | Liquid Alternatives |
| US Macro | Equity Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Options Arbitrage/Opt Strategies Funds |
| Fund Owner Firm Name | Morgan Stanley |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 22, 2026.
Asset Allocation
As of April 30, 2026.
| Type | % Net |
|---|---|
| Cash | 1.44% |
| Stock | 98.41% |
| Bond | 0.78% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.62% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide consistent monthly income while maintaining prospects for capital appreciation by investing in dividend-paying equity securities of US companies from the Russell 3000 Index while using option contracts on the SPDR S&P 500 ETF Trust or on the S&P 500 Index to generate additional yield. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Multi Cap Value |
| Broad Asset Class | Nontraditional Equity |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Relative Value |
| Peer Group | Options Arbitrage/Opt Strategies Funds |
| Global Macro | Liquid Alternatives |
| US Macro | Equity Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Options Arbitrage/Opt Strategies Funds |
| Fund Owner Firm Name | Morgan Stanley |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |