Purpose Premium Yield Fund (PYF-U.TO)
Company overview
This fund aims to generate substantial monthly income and achieve long-term growth in capital value. It accomplishes this by strategically investing in a diverse portfolio of global equities, employing a two-pronged approach: 1. Option Writing for Acquisition & Income: It sells cash-secured put options, which serves to lower the effective purchase price of underlying assets while simultaneously earning option premiums. 2. Equity Investment with Covered Calls: It directly holds equity securities and then sells covered call options on these existing holdings to collect both dividends and additional option premiums. To further its investment objectives, the fund may also utilize other derivative instruments. Additionally, it retains the flexibility to engage in short selling or securities lending activities to create supplementary income streams. The fund's portfolio undergoes a systematic review and rebalancing process on a quarterly basis.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Purpose Premium Yield Fund (PYF-U.TO)
No price history available.
This fund aims to generate substantial monthly income and achieve long-term growth in capital value. It accomplishes this by strategically investing in a diverse portfolio of global equities, employing a two-pronged approach: 1. Option Writing for Acquisition & Income: It sells cash-secured put options, which serves to lower the effective purchase price of underlying assets while simultaneously earning option premiums. 2. Equity Investment with Covered Calls: It directly holds equity securities and then sells covered call options on these existing holdings to collect both dividends and additional option premiums. To further its investment objectives, the fund may also utilize other derivative instruments. Additionally, it retains the flexibility to engage in short selling or securities lending activities to create supplementary income streams. The fund's portfolio undergoes a systematic review and rebalancing process on a quarterly basis.
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