PAYF vs. PMM ETF Comparison
Comparison of Purpose Enhanced Premium Yield Fund ETF (PAYF) to Purpose Multi-Strategy Market Neutral Fund (PMM)
PAYF
Purpose Enhanced Premium Yield Fund ETF
PAYF Description
The fund seeks to provide shareholders with long-term capital appreciation and high monthly income by investing in equity markets including by (a) writing cash covered put options to receive premiums and reduce the net cost of acquiring securities and (b) directly investing in equity securities and writing call options on these securities to receive dividends and premiums.
Grade (RS Rating)
Last Trade
$18.98
Average Daily Volume
1,809
Number of Holdings
*
1
* may have additional holdings in another (foreign) market
PMM
Purpose Multi-Strategy Market Neutral Fund
PMM Description
The Purpose Multi-Strategy Market Neutral Fund seeks to provide unitholders with positive absolute returns that are not correlated to the broader securities markets. The Fund will utilize a multi-strategy approach by allocating its assets across various asset classes including equities, currencies and commodities.Grade (RS Rating)
Last Trade
$23.24
Average Daily Volume
1,250
Number of Holdings
*
2
* may have additional holdings in another (foreign) market
Performance
| Period | PAYF | PMM |
|---|---|---|
| 30 Days | 2.54% | 3.47% |
| 60 Days | 2.48% | 2.97% |
| 90 Days | 1.71% | 0.52% |
| 12 Months | 10.24% | 14.88% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PAYF | Weight in PMM | Overlap | |
|---|---|---|---|---|---|
| MNY | D | 65.18% | 22.49% | 22.49% |
PAYF Overweight 0 Positions Relative to PMM
| Symbol | Grade | Weight |
|---|
PAYF Underweight 1 Positions Relative to PMM
| Symbol | Grade | Weight | |
|---|---|---|---|
| PHW | B | -10.42% |
PAYF: Top Represented Industries & Keywords
Industries:
Other
PMM: Top Represented Industries & Keywords
Industries:
Other
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