AUM $486.3MER 0.29%NAV $26.43Holdings —Inception Oct 2023
Price Chart
Key Statistics
Previous Close
$26.60Day Range
$26.51$26.75
52-Week Range
$25.24$28.45
Avg Volume
102.3KDividend Yield
7.26%Expense Ratio
0.29%AUM
$486.3MShares Outstanding
14.5METF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Sector Breakdown
| Sector | Weight % |
|---|---|
| Technology | 13.53% |
| Consumer Cyclical | 12.24% |
| Healthcare | 11.72% |
| Energy | 11.25% |
| Industrials | 10.15% |
| Consumer Defensive | 9.87% |
| Financial Services | 9.17% |
| Utilities | 9.00% |
| Basic Materials | 7.98% |
| Communication Services | 5.09% |
Country Allocation
| Country | Weight % |
|---|---|
| United States | 1525.09% |
| Ireland | 30.20% |
| Switzerland | 18.45% |
| United Kingdom | 16.31% |
| Netherlands | 8.92% |
| Luxembourg | 8.73% |
| Bermuda | 8.65% |
Fund Information
- Issuer
- Eaton Vance
- Category
- Technology
- Inception Date
- Oct 19, 2023
- Exchange
- NYSE_ARCA
- Description
- PAPI primarily invests in an equity portfolio of durable dividend payers selected from the Russell 3000 Index using a proprietary investment process that considers 12-month yield and risk level. The fund attempts to achieve broad diversification by weighting all sectors equally and then assigning equal weights to the top-ranking stocks within each sector. In an attempt to generate incremental income, PAPI systematically writes short-dated (2-week) out-of-the-money call options in tranches, with expirations staggered every 3 to 4 days. The call options, which may include FLEX options, are written on the underlying ETF (SPY) or the S&P 500 Index. The fund earns some premium from writing calls, but this caps the funds upside potential. PAPI may incorporate tax loss harvesting within the long equity portfolio to maximize realization of losses. Investors should note that naked call writing, or selling call options without owning the underlying asset, is a high-risk options strategy.
Similar ETFs
The Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund issued by Eaton Vance that launched on Oct 19, 2023. It currently manages $486.3M in assets under management. The fund charges an expense ratio of 0.29%. It falls under the Technology category.
Top 10 holdings represent 8.4% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | MSILF GOVERNMENT | 1.68% | 8,207,032 | $8.2M |
| 2 | VLO | VALERO ENERGY CORP COMMON | 0.85% | 10,141 | $4.1M |
| 3 | CRM | SALESFORCE.COM INC. | 0.77% | 15,864 | $3.8M |
| 4 | DINO | HF SINCLAIR CORP COMMON | 0.77% | 33,207 | $3.7M |
| 5 | 0Y0Y.L | ACCENTURE PLC COMMON | 0.76% | 17,448 | $3.7M |
| 6 | SWKS | SKYWORKS SOLUTIONS INC | 0.73% | 43,137 | $3.6M |
| 7 | PSX | PHILLIPS 66 COMMON STOCK | 0.73% | 13,546 | $3.6M |
| 8 | CTSH | COGNIZANT TECHNOLOGY | 0.71% | 57,143 | $3.5M |
| 9 | MSFT | MICROSOFT CORP COMMON | 0.71% | 6,775 | $3.5M |
| 10 | AVT | AVNET INC COMMON STOCK | 0.68% | 32,658 | $3.3M |
| 11 | INSW | INTERNATIONAL SEAWAYS INC | 0.68% | 28,818 | $3.3M |
| 12 | SNX | TD SYNNEX CORP COMMON | 0.67% | 12,030 | $3.3M |
| 13 | MAN | MANPOWERGROUP INC COMMON | 0.67% | 57,905 | $3.3M |
| 14 | HPQ | HP INC COMMON STOCK USD | 0.66% | 100,892 | $3.2M |
| 15 | TGT | TARGET CORP COMMON STOCK | 0.66% | 20,521 | $3.2M |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | -0.08% | |
| 1W | -0.11% | |
| 1M | -3.55% | |
| 3M | -1.22% | |
| 6M | -2.28% | |
| YTD | +2.54% | |
| 1Y | +2.27% | |
| 3Y | +7.41% | |
| 5Y | +7.41% |
Moving Averages
20-Day MA
$26.96
Below 20-Day MA50-Day MA
$27.54
Below 50-Day MA200-Day MA
$27.17
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$28.45
Current Price
$26.58
52-Week Low
$25.24
$25.24$28.45
Current Yield
7.26%
Annual Dividend
$0.7859
Frequency
Monthlyx/year
Last Ex-Date
May 29, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.1555 | Jun 4, 2026 |
| Apr 30, 2026 | $0.1552 | May 6, 2026 |
| Mar 31, 2026 | $0.2376 | Apr 7, 2026 |
| Mar 31, 2026 | $0.2376 | Apr 7, 2026 |
| Feb 27, 2026 | $0.1639 | Mar 5, 2026 |
| Feb 27, 2026 | $0.1639 | Mar 5, 2026 |
| Jan 30, 2026 | $0.1611 | Feb 5, 2026 |
| Dec 23, 2025 | $0.1789 | Dec 30, 2025 |
| Nov 28, 2025 | $0.1484 | Dec 4, 2025 |
| Nov 28, 2025 | $0.1484 | Dec 4, 2025 |
| Oct 31, 2025 | $0.1494 | Nov 6, 2025 |
| Sep 30, 2025 | $0.1795 | Oct 6, 2025 |
| Sep 30, 2025 | $0.1795 | Oct 6, 2025 |
| Aug 29, 2025 | $0.1516 | Sep 5, 2025 |
| Aug 29, 2025 | $0.1516 | Sep 5, 2025 |
| Jul 31, 2025 | $0.1473 | Aug 6, 2025 |
| Jul 31, 2025 | $0.1473 | Aug 6, 2025 |
| Jun 30, 2025 | $0.1843 | Jul 7, 2025 |
| Jun 30, 2025 | $0.1842 | Jul 7, 2025 |
| May 30, 2025 | $0.1482 | Jun 5, 2025 |
Dividend Payments Over Time
Category Comparison
| Metric | PAPI | Technology(1617 ETFs) | Covered Call(103 ETFs) |
|---|---|---|---|
| Fund Info | |||
| Expense Ratio | 0.29% | 0.59% | 0.74% |
| AUM | $486.3M | $7.56B | $1.42B |
| Dividend Yield | 7.26% | 2.86% | 16.09% |
| Avg Volume | 102.3K | 413.0K | 278.3K |
| Holdings | — | 208 | 66 |
| Performance | |||
| 1-Month Return | -4.35% | +1.45% | -0.52% |
| 6-Month Return | +1.14% | +5.15% | -2.24% |
| YTD Return | +3.28% | +16.12% | -2.02% |
| 1-Year Return | +2.54% | +15.14% | -1.80% |
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