PURPOSE ETHER YIELD ETF UNITPURPOSE ETHER YIELD ETF UNITPURPOSE ETHER YIELD ETF UNIT

PURPOSE ETHER YIELD ETF UNIT

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Key stats


Assets under management (AUM)
‪41.43 M‬CAD
Fund flows (1Y)
‪3.45 M‬CAD
Dividend yield (indicated)
13.23%
Discount/Premium to NAV
6.01%

About PURPOSE ETHER YIELD ETF UNIT


Issuer
Purpose Unlimited
Brand
Purpose
Expense ratio
1.92%
Inception date
Nov 19, 2021
Index tracked
ETH/USD Exchange Rate - USD - Benchmark Price Return
Management style
Passive
The fund provides an alternative approach to holding long exposure to Ether. The fund buys an ETF that holds Ether, primarily Purpose Ether ETF, and actively writes covered call and/or put options against 10-50% of the portfolio. Option contracts may be exchange-trading or over-the-counter. The contracts sold are either at-the-money or out-of-the-money and expected to have 1-3 months to expiration. The amount of the portfolio written against, the type of option writing, and terms are based on the managers assessment of the market and option premiums available. The investment objective of the fund is total return, yield and long-term capital appreciation. The use of options is not to lower volatility. In addition to the investment risks, investors should consider the tax consequences of such as strategy, as transactions may result in reporting ordinary income rather than capital gains. The fund may use other derivatives if a particular share class is hedging currency risk.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Ether, short USD
Niche
In specie
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of October 31, 2024
Exposure type
Bonds, Cash & Other
ETF
Bonds, Cash & Other100.00%
ETF99.48%
Cash0.95%
Rights & Warrants−0.43%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows