AUM$255.9M
Expense Ratio0.29%
NAV$25.43
HoldingsN/A
InceptionOct 19, 2023
Price Chart
Key Statistics
Previous Close
$27.40Day Range
$27.34$27.58
52-Week Range
$23.57$28.45
Avg Volume
95.2KDividend Yield
7.26%Expense Ratio
0.29%AUM
$255.9MShares Outstanding
11.7MSector Breakdown
| Sector | Weight % |
|---|---|
| Consumer Cyclical | 12.21% |
| Energy | 11.81% |
| Healthcare | 11.34% |
| Technology | 11.20% |
| Consumer Defensive | 10.34% |
| Utilities | 10.33% |
| Industrials | 9.90% |
| Financial Services | 9.55% |
| Basic Materials | 7.93% |
| Communication Services | 5.40% |
Country Allocation
| Country | Weight % |
|---|---|
| United States | 92.64% |
| United Kingdom | 1.68% |
| Other | 1.36% |
| Ireland | 1.27% |
| Switzerland | 1.01% |
| Luxembourg | 0.64% |
| Canada | 0.50% |
| Bermuda | 0.47% |
| Netherlands | 0.42% |
Fund Information
- Issuer
- Parametric
- Category
- Consumer Cyclical
- Subcategory
- Covered Call
- Inception Date
- Oct 19, 2023
- Exchange
- NYSE_ARCA
- Description
- PAPI primarily invests in an equity portfolio of durable dividend payers selected from the Russell 3000 Index using a proprietary investment process that considers 12-month yield and risk level. The fund attempts to achieve broad diversification by weighting all sectors equally and then assigning equal weights to the top-ranking stocks within each sector. In an attempt to generate incremental income, PAPI systematically writes short-dated (2-week) out-of-the-money call options in tranches, with expirations staggered every 3 to 4 days. The call options, which may include FLEX options, are written on the underlying ETF (SPY) or the S&P 500 Index. The fund earns some premium from writing calls, but this caps the funds upside potential. PAPI may incorporate tax loss harvesting within the long equity portfolio to maximize realization of losses. Investors should note that naked call writing, or selling call options without owning the underlying asset, is a high-risk options strategy.
Similar ETFs
The Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund issued by Parametric that launched on Oct 19, 2023. It currently manages $255.9M in assets under management. The fund charges an expense ratio of 0.29%. It falls under the Consumer Cyclical category.
Top 10 holdings represent 0.0% of the fund
No holdings data available.
Detailed Returns
| Period | Return | ETF | Cat. Avg | vs Avg |
|---|---|---|---|---|
| 1D | -0.04% | — | ||
| 1W | -3.28% | — | ||
| 1M | -3.73% | — | ||
| 3M | +3.79% | — | ||
| 6M | +5.44% | — | ||
| YTD | +4.95% | — | ||
| 1Y | +4.99% | — | ||
| 3Y | +9.93% | — | ||
| 5Y | +9.93% | — |
Moving Averages
20-Day MA
$28.09
Below 20-Day MA50-Day MA
$27.30
Above 50-Day MA200-Day MA
$26.13
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$28.45
Current Price
$27.39
52-Week Low
$23.57
$23.57$28.45
Current Yield
7.26%
Annual Dividend
$0.6523
Frequency
12x/year
Last Ex-Date
Feb 27, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.1639 | Mar 5, 2026 |
| Jan 30, 2026 | $0.1611 | Feb 5, 2026 |
| Dec 23, 2025 | $0.1789 | Dec 30, 2025 |
| Nov 28, 2025 | $0.1484 | Dec 4, 2025 |
| Oct 31, 2025 | $0.1494 | Nov 6, 2025 |
| Sep 30, 2025 | $0.1795 | Oct 6, 2025 |
| Aug 29, 2025 | $0.1516 | Sep 5, 2025 |
| Jul 31, 2025 | $0.1473 | Aug 6, 2025 |
| Jun 30, 2025 | $0.1843 | Jul 7, 2025 |
| May 30, 2025 | $0.1482 | Jun 5, 2025 |
| Apr 30, 2025 | $0.2027 | May 6, 2025 |
| Mar 31, 2025 | $0.1929 | Apr 4, 2025 |
| Feb 28, 2025 | $0.1340 | Mar 6, 2025 |
| Jan 31, 2025 | $0.1386 | Feb 6, 2025 |
| Dec 23, 2024 | $0.1640 | Dec 27, 2024 |
| Nov 29, 2024 | $0.1544 | Dec 5, 2024 |
| Oct 31, 2024 | $0.1325 | Nov 6, 2024 |
| Sep 30, 2024 | $0.1713 | Oct 4, 2024 |
| Aug 30, 2024 | $0.1471 | Sep 6, 2024 |
| Jul 31, 2024 | $0.1217 | Aug 6, 2024 |
Dividend Payments Over Time
Category Comparison
| Metric | PAPI | Consumer Cyclical(150 ETFs) | Covered Call(101 ETFs) |
|---|---|---|---|
| Fund Info | |||
| Expense Ratio | 0.29% | 0.75% | 0.72% |
| AUM | $255.9M | $644.8M | $1.22B |
| Dividend Yield | 7.26% | 4.91% | 17.79% |
| Avg Volume | 95.2K | 1.7M | 449.6K |
| Holdings | — | 84 | 69 |
| Performance | |||
| 1-Month Return | -2.60% | -4.35% | -2.08% |
| 6-Month Return | +5.14% | -4.55% | -5.12% |
| YTD Return | +6.27% | -2.01% | -2.06% |
| 1-Year Return | +2.81% | +11.15% | +0.66% |
Compare with Another ETF
Search for an ETF to compare with PAPI: