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
Technology Services
Mutual fund
Stocks40.42%
Technology Services11.30%
Health Technology6.00%
Electronic Technology3.78%
Consumer Services3.19%
Retail Trade2.70%
Finance2.65%
Non-Energy Minerals2.04%
Health Services1.99%
Process Industries1.94%
Industrial Services1.63%
Transportation1.09%
Consumer Non-Durables0.86%
Consumer Durables0.78%
Energy Minerals0.04%
Bonds, Cash & Other59.58%
Mutual fund55.41%
ETF3.55%
Cash1.71%
Rights & Warrants−1.09%
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