Parametric Equity Premium Income ETF (PAPI)
| Assets | $234.51M |
| Expense Ratio | 0.29% |
| PE Ratio | 15.85 |
| Shares Out | 8.80M |
| Dividend (ttm) | $1.92 |
| Dividend Yield | 7.69% |
| Ex-Dividend Date | Jul 31, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 121.97% |
| Volume | 52,362 |
| Open | 25.03 |
| Previous Close | 25.21 |
| Day's Range | 24.75 - 25.03 |
| 52-Week Low | 23.32 |
| 52-Week High | 28.46 |
| Beta | n/a |
| Holdings | 195 |
| Inception Date | Oct 16, 2023 |
About PAPI
Fund Home PageThe Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in a broad equity portfolio of US dividend payers, while utilizing a laddered, naked call writing strategy on the S&P 500. The fund seeks to provide monthly income and capital appreciation. PAPI was launched on Oct 16, 2023 and is issued by Parametric.
Top 10 Holdings
7.56% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley Instl Lqudty Govt Instl | MVRXX | 2.19% |
| Corning Incorporated | GLW | 0.64% |
| Baker Hughes Company | BKR | 0.62% |
| Fastenal Company | FAST | 0.61% |
| Cal-Maine Foods, Inc. | CALM | 0.61% |
| Polaris Inc. | PII | 0.59% |
| InterDigital, Inc. | IDCC | 0.58% |
| L3Harris Technologies, Inc. | LHX | 0.58% |
| RTX Corporation | RTX | 0.57% |
| Gilead Sciences, Inc. | GILD | 0.57% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.1473 | Aug 6, 2025 |
| Jun 30, 2025 | $0.1843 | Jul 7, 2025 |
| May 30, 2025 | $0.14819 | Jun 5, 2025 |
| Apr 30, 2025 | $0.20273 | May 6, 2025 |
| Mar 31, 2025 | $0.19294 | Apr 4, 2025 |
| Feb 28, 2025 | $0.13401 | Mar 6, 2025 |
Performance
PAPI had a total return of -1.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.29%.
News
PAPI: Strong Inflows But Strategy Showing Its Cracks
PAPI offers a more traditional covered call strategy with a modest 7.5% yield, appealing to income-focused investors seeking monthly distributions without excessive risk. The fund's diversified, value...
PAPI: This ETF Can Work In Certain Markets
Parametric Equity Premium Income ETF provides investors with monthly distributions through an option writing strategy and a diversified portfolio. PAPI's approach differs from Eaton Vance's closed-end...
PAPI: A New Call Writing ETF
Parametric Equity Premium Income ETF is a new call-writing fund that aims to provide monthly distributions to its investors. The PAPI ETF has a lower expense ratio compared to the average ETF and is s...