Key stats
About Purpose Shopify (SHOP) Yield Shares ETF
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Inception date
Aug 21, 2025
Structure
Canadian Mutual Fund Corporation (ON)
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
ISIN
CA74643Q1000
The fund aims for long-term capital appreciation by buying and holding stocks of Shopify Incorporated. 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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SHPY assets under management is 2.16 M CAD. It's risen 67.83% over the last month.
SHPY fund flows account for 1.05 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SHPY doesn't pay dividends to its holders.
SHPY shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Aug 21, 2025, and its management style is Active.
SHPY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SHPY trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.