Parametric Equity Premium Income ETF (PAPI)
| Assets | $255.58M |
| Expense Ratio | 0.29% |
| PE Ratio | 16.48 |
| Shares Out | 9.80M |
| Dividend (ttm) | $1.93 |
| Dividend Yield | 7.41% |
| Ex-Dividend Date | Sep 30, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 122.17% |
| Volume | 29,622 |
| Open | 25.84 |
| Previous Close | 26.04 |
| Day's Range | 25.84 - 26.09 |
| 52-Week Low | 23.32 |
| 52-Week High | 28.46 |
| Beta | 0.43 |
| 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
7.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley Instl Lqudty Govt Instl | MVRXX | 1.11% |
| Corning Incorporated | GLW | 0.83% |
| InterDigital, Inc. | IDCC | 0.78% |
| Newmont Corporation | NEM | 0.75% |
| CVR Energy, Inc. | CVI | 0.71% |
| Polaris Inc. | PII | 0.69% |
| Royal Gold, Inc. | RGLD | 0.66% |
| Electronic Arts Inc. | EA | 0.66% |
| UnitedHealth Group Incorporated | UNH | 0.66% |
| Steven Madden, Ltd. | SHOO | 0.65% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.1795 | Oct 6, 2025 |
| Aug 29, 2025 | $0.15157 | Sep 5, 2025 |
| Jul 31, 2025 | $0.14728 | 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 |
Performance
PAPI had a total return of 3.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.76%.
News
PAPI: Lackluster Results Continue Mostly As Expected
Parametric Equity Premium Income ETF offers monthly distributions via a call-writing strategy, with a current yield of ~7.3%. PAPI's nearly equal-weight sector allocation provides diversification but ...
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...