Parametric Equity Premium Income ETF (PAPI)
| Assets | $261.77M |
| Expense Ratio | 0.29% |
| PE Ratio | 16.62 |
| Shares Out | 10.15M |
| Dividend (ttm) | $1.94 |
| Dividend Yield | 7.47% |
| Ex-Dividend Date | Nov 28, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 124.11% |
| Volume | 24,878 |
| Open | 26.11 |
| Previous Close | 25.97 |
| Day's Range | 25.93 - 26.11 |
| 52-Week Low | 23.32 |
| 52-Week High | 27.99 |
| Beta | 0.40 |
| Holdings | 197 |
| 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
6.87% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley Instl Lqudty Govt Instl | MVRXX | 0.87% |
| LCI Industries | LCII | 0.72% |
| Cardinal Health, Inc. | CAH | 0.69% |
| Jack Henry & Associates, Inc. | JKHY | 0.68% |
| Expeditors International of Washington, Inc. | EXPD | 0.66% |
| Cummins Inc. | CMI | 0.66% |
| Steven Madden, Ltd. | SHOO | 0.65% |
| International Seaways, Inc. | INSW | 0.65% |
| International Flavors & Fragrances Inc. | IFF | 0.64% |
| Keurig Dr Pepper Inc. | KDP | 0.64% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.14839 | Dec 4, 2025 |
| Oct 31, 2025 | $0.14935 | Nov 6, 2025 |
| 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 |
Performance
PAPI had a total return of 0.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.45%.
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...