Purpose Premium Yield Fund (PYF.TO) TSX
Currency In CAD
- General
- Statistics
- Historical Data
- Profile
- Financials
Purpose Premium Yield Fund
Address
130 Adelaide Street West, Suite 3100
Toronto, ON M5H 3P5
Canada
Phone
1-877-789-1517
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
January 22, 2016
Key Executives
N/ADescription
This fund aims to deliver significant monthly income and achieve long-term capital appreciation. Its core strategy involves investing in global equities, utilizing a multi-faceted options approach. This includes writing cash-covered put options to reduce the net cost of acquiring securities while generating premiums, and directly investing in stocks while simultaneously selling call options on those holdings to earn both dividends and additional premiums. To further enhance its investment objectives, the fund may strategically deploy derivatives, and it also retains the flexibility to engage in short selling or securities lending activities for supplementary income. The entire portfolio undergoes a comprehensive reconstitution and rebalancing process each quarter.