Parametric Equity Premium Income ETF (PAPI)
| Assets | $318.94M |
| Expense Ratio | 0.29% |
| PE Ratio | 17.81 |
| Shares Out | 11.30M |
| Dividend (ttm) | $1.98 |
| Dividend Yield | 7.01% |
| Ex-Dividend Date | Jan 30, 2026 |
| Payout Frequency | Monthly |
| Payout Ratio | 124.92% |
| Volume | 55,356 |
| Open | 28.26 |
| Previous Close | 28.08 |
| Day's Range | 28.13 - 28.28 |
| 52-Week Low | 23.32 |
| 52-Week High | 28.54 |
| Beta | 0.39 |
| 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
7.37% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley Instl Lqudty Govt Instl | MVRXX | 1.47% |
| Corning Incorporated | GLW | 0.81% |
| Permian Resources Corporation | PR | 0.66% |
| Noble Corporation plc | NE | 0.65% |
| International Seaways, Inc. | INSW | 0.64% |
| Analog Devices, Inc. | ADI | 0.63% |
| Patterson-UTI Energy, Inc. | PTEN | 0.63% |
| Verizon Communications Inc. | VZ | 0.62% |
| Hasbro, Inc. | HAS | 0.62% |
| PepsiCo, Inc. | PEP | 0.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.1611 | Feb 5, 2026 |
| Dec 23, 2025 | $0.17894 | Dec 30, 2025 |
| 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 |
Performance
PAPI had a total return of 13.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.97%.
News
PAPI: Attractive Monthly Distribution, Still Waiting For The Right Environment
The Parametric Equity Premium Income ETF (PAPI) underperforms its peer call-writing funds due to its strategy that creates a mismatch. PAPI's overwrite strategy on a diversified, equal-weighted portfo...
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...