Purpose Premium Yield Fund (PYF.TO) TSX

Currency In CAD

AD

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/A
AD

Description

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.

AD