PYF vs. PMM ETF Comparison
Comparison of Purpose Premium Yield Fund (PYF) to Purpose Multi-Strategy Market Neutral Fund (PMM)
PYF
Purpose Premium Yield Fund
PYF Description
The Purpose Premium Yield Fund seeks to provide shareholders with (i) high monthly income and (ii) long-term capital appreciation. The fund will achieve its investment objectives primarily by investing in the equity markets including by (i) writing cash covered put options to reduce the net cost of acquiring securities and receive premiums and (ii) directly investing in equity securities and writing call options on these securities to receive dividends and premiums.
Grade (RS Rating)
Last Trade
$17.66
Average Daily Volume
5,797
1
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
$23.87
Average Daily Volume
1,196
2
Performance
| Period | PYF | PMM |
|---|---|---|
| 30 Days | 0.51% | 2.89% |
| 60 Days | 0.71% | 4.06% |
| 90 Days | 1.58% | 3.42% |
| 12 Months | 5.71% | 18.47% |
1 Overlapping Holdings
| Symbol | Grade | Weight in PYF | Weight in PMM | Overlap | |
|---|---|---|---|---|---|
| MNY | B | 86.94% | 25.59% | 25.59% |
PYF Overweight 0 Positions Relative to PMM
| Symbol | Grade | Weight |
|---|
PYF Underweight 1 Positions Relative to PMM
| Symbol | Grade | Weight | |
|---|---|---|---|
| PHW | C | -10.28% |
PYF: Top Represented Industries & Keywords
PMM: Top Represented Industries & Keywords
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