Purpose Premium Yield ETF (PYF.TO)
17.24
-0.06
(-0.32%)
CAD |
TSX |
Apr 25, 16:00
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.72% | 0.13% | 245.05M | 2944.60 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 7.66% | 238.3% | 92.74M | Upgrade |
Basic Info
| Investment Strategy | |
| The fund seeks to provide shareholders with (i) high monthly income and (ii) long-term capital appreciation. The fund will achieve its investment objectives primarily by investing in the equity markets including by (i) writing cash covered put options to reduce the net cost of acquiring securities and receive premiums and (ii) directly investing in equity securities and writing call options on these securities to receive dividends and premiums. To achieve its investment objectives, the fund uses primarily rules-based portfolio selection strategies to invest in a broad range of equity securities and cash in order to create value, generate income and reduce risk over the investment period. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Blend |
| 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 | Alternative 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 TR CAD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Frank Maeba | 8.21 yrs |
Performance Versus Category
As of April 25, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of April 25, 2024.
Basic Info
| Investment Strategy | |
| The fund seeks to provide shareholders with (i) high monthly income and (ii) long-term capital appreciation. The fund will achieve its investment objectives primarily by investing in the equity markets including by (i) writing cash covered put options to reduce the net cost of acquiring securities and receive premiums and (ii) directly investing in equity securities and writing call options on these securities to receive dividends and premiums. To achieve its investment objectives, the fund uses primarily rules-based portfolio selection strategies to invest in a broad range of equity securities and cash in order to create value, generate income and reduce risk over the investment period. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Blend |
| 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 | Alternative 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 TR CAD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Frank Maeba | 8.21 yrs |