Compare with Purpose Structured Equity Yield Fund Trust Units
Key stats
Fund info
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Inception date
Aug 5, 2026
Structure
Canadian Mutual Fund Corporation (ON)
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
ISIN
CA74643Y1034
CUSIP
74643Y103
FIGI
BBG0245FLR16
Identifiers
ISIN CA74643Y1034
The Purpose Structured Equity Yield Fund provides a blend of growth potential, consistent income, and capital preservation. The Fund invests in a broadly diversified portfolio of global equity securities primarily through Canadian ETFs and index participation units while employing a multi-layered hedging strategy. At the core of the Fund's approach is a combination of index and multi-factor investment strategies, targeting securities with attractive valuations and strong fundamentals across both broad markets and specific sectors. To manage risk and generate income, the Fund utilizes a structured derivatives program: writing covered call options to generate yield and purchasing put options to protect against a minimum of the first 20% decline in the value of underlying securities. The Fund maintains diversification by capping single broad-based index exposure at 40% of NAV and individual stock look-through exposure at 10%, ensuring no single position dominates the portfolio.
Classification
Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PSY trades at 10.07 CAD today, its price has risen 0.10% in the past 24 hours. Track more dynamics on PSY price chart.
PSY net asset value is 10.03 today — it's fallen 0.52% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PSY assets under management is 3.75 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PSY fund flows account for 2.77 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
No, PSY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PSY technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PSY shows the sell signal. See more of PSY technicals for a more comprehensive analysis.
Today, PSY technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PSY shows the sell signal. See more of PSY technicals for a more comprehensive analysis.
Yes, PSY pays dividends to its holders with the dividend yield of 6.32%.
PSY trades at a premium (0.42%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PSY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 5, 2026.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.