Key stats
About MICROSOFT (MSFT) YIELD SHARES PURPOSE ETF
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Inception date
Jan 18, 2024
Structure
Canadian Mutual Fund Trust (ON)
Tax on distributions
Qualified dividends
Primary advisor
Purpose Investments, Inc.
The fund aims for long-term capital appreciation by buying and holding stocks of Microsoft Corporation. It may use moderate leverage to purchase some of the shares through cash borrowing. As part of a suite that offers yield-focused, single-stock ETFs, the fund's strategy includes covered call writing and cash-secured put writing to generate monthly distributions. When deemed appropriate, the fund may write covered call options and cash covered put options or hold cash and short-term fixed income securities. The fund may engage in securities lending to earn additional income and utilize derivatives, such as options, futures, and forward contracts, for hedging or non-hedging purposes. The fund does not engage in short selling. Holdings of the underlying stock are not actively managed, the fund does not attempt to take defensive positions in declining markets. Hence, adverse financial conditions to the underlying stock will not result in an adjustment to the fund's holdings.
Classification
What's in the fund
Exposure type
Technology Services
Stock breakdown by region
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