Purpose Enhanced Premium Yield (PAYF.TO)
18.75
0.00 (0.00%)
CAD |
TSX |
May 10, 15:35
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 2.27% | 0.05% | 10.31M | 829.10 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 8.80% | 318.3% | 2.719M | Upgrade |
Basic Info
| Investment Strategy | |
| The fund seeks to provide shareholders with long-term capital appreciation and high monthly income by investing in equity markets including by (a) writing cash covered put options to receive premiums and reduce the net cost of acquiring securities and (b) directly investing in equity securities and writing call options on these securities to receive dividends and premiums. To achieve its investment objectives, the fund will use various portfolio selection strategies to invest in (a) a broad range of equity securities and cash in order to create long term value, generate regular income and reduce risk over the investment period and (b) a broad range of derivative instruments in compliance with Canadian securities laws to enhance portfolio income, offer long-term capital appreciation and preserve capital. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Growth |
| Fixed Income Style | High Quality/Limited Sensitivity |
| Broad Asset Class | -- |
| Broad Category | Alternative |
| Category Name | Miscellaneous - Income and Real Property |
| Category Index | Morningstar DM REIT GR CAD |
| Global Category Name | Miscellaneous |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Purpose Investments Inc. |
| Prospectus Benchmark Index | |
| CBOE S&P 500 Putwrite PR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Frank Maeba | 4.96 yrs |
Performance Versus Category
As of May 09, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 09, 2024.
Basic Info
| Investment Strategy | |
| The fund seeks to provide shareholders with long-term capital appreciation and high monthly income by investing in equity markets including by (a) writing cash covered put options to receive premiums and reduce the net cost of acquiring securities and (b) directly investing in equity securities and writing call options on these securities to receive dividends and premiums. To achieve its investment objectives, the fund will use various portfolio selection strategies to invest in (a) a broad range of equity securities and cash in order to create long term value, generate regular income and reduce risk over the investment period and (b) a broad range of derivative instruments in compliance with Canadian securities laws to enhance portfolio income, offer long-term capital appreciation and preserve capital. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Growth |
| Fixed Income Style | High Quality/Limited Sensitivity |
| Broad Asset Class | -- |
| Broad Category | Alternative |
| Category Name | Miscellaneous - Income and Real Property |
| Category Index | Morningstar DM REIT GR CAD |
| Global Category Name | Miscellaneous |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Purpose Investments Inc. |
| Prospectus Benchmark Index | |
| CBOE S&P 500 Putwrite PR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Frank Maeba | 4.96 yrs |