Key stats
About PURPOSE ENHANCED PREMIUM YIELD FUND ETF SHARES
Expense ratio
1.46%
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Inception date
May 21, 2019
The fund is a portfolio of the advisors highest convictions for US equity securities for capital appreciation and income. Using fundamental research for quality and value characteristics, half of the portfolio holds long stock positions. On this half of the portfolio, out-of-the-money calls are written. The remaining half of the portfolio remains in cash to collateralized near-the-money put option writing strategy. The option writing strategies are geared towards generating income or providing a small hedge for acquiring equity positions. Overall buy/sell decisions are based on the funds advisors macro and micro outlook for the US equity market.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Stocks35.47%
Retail Trade5.16%
Finance4.20%
Non-Energy Minerals4.10%
Technology Services3.76%
Health Services3.52%
Energy Minerals2.64%
Consumer Services2.25%
Consumer Non-Durables2.21%
Process Industries1.85%
Consumer Durables1.52%
Transportation1.50%
Utilities0.92%
Communications0.62%
Health Technology0.32%
Industrial Services0.00%
Bonds, Cash & Other64.53%
Mutual fund63.32%
ETF3.83%
Cash−1.15%
Rights & Warrants−1.47%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history