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Parametric Equity Premium Income ETF (PAPI) Holdings

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빠른 답변

Parametric Equity Premium Income ETF (PAPI) has a last stored price of $28.12, as of the Oct 23, 2026 trading session. It has a 0.29% expense ratio and $256M in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is Morgan Stanley Instl Lqudty Govt Instl (MVRXX) at 1.65%, and the largest sector allocation is Consumer Cyclical at 12.2%.

데이터 출처: Yahoo Finance · Financial Modeling Prep

Parametric Equity Premium Income ETF (PAPI) ETF — Price, Holdings & Analysis

ETF 개요

PAPI aims to provide income and capital appreciation by investing in a portfolio of dividend-paying stocks selected from the Russell 3000 Index. The fund uses a proprietary investment process that considers 12-month yield and risk level. To achieve broad diversification, PAPI equally weights all sectors and then assigns equal weights to the top-ranking stocks within each sector. A key component of PAPI's strategy is writing short-dated (2-week) out-of-the-money call options, with expirations staggered every 3 to 4 days, on the SPY ETF or the S&P 500 Index. This strategy generates income from the option premiums but caps the fund's upside potential. The fund also incorporates tax-loss harvesting to maximize the realization of losses, potentially improving after-tax returns. As of 2026-03-15, top holdings include Morgan Stanley Instl Lqudty Govt Instl (1.65%), Corning Inc (0.88%), and International Seaways Inc (0.72%). Sector allocations are fairly balanced, with Consumer Cyclical (12.2%), Energy (11.8%), and Healthcare (11.3%) having the largest allocations.

위험 지표

PAPI's risk profile is influenced by its active management and options strategy. While the equal sector weighting aims to diversify, the fund's top holdings still represent a significant portion of the portfolio. The fund's option writing strategy caps upside potential in exchange for income, which may underperform in rapidly rising markets. The fund's three-year beta is currently 0.00, but this may not be indicative of future volatility. The expense ratio of 0.29% will create a drag on performance relative to lower-cost passive ETFs. Investors should also be aware of the risks associated with writing uncovered call options, which can lead to substantial losses if the underlying asset price increases significantly. Past performance does not guarantee future results.
  • 베타: 0.00

운용보수율

0.29%

PAPI은(는) 무엇을 보유하고 있나요?

보유 종목비중
Morgan Stanley Instl Lqudty Govt Instl (MVRXX)1.65%
Corning Inc (GLW)0.88%
International Seaways Inc (INSW)0.72%
Permian Resources Corp Class A (PR)0.67%
Noble Corp PLC Class A (NE)0.65%
Millicom International Cellular SA (TIGO)0.65%
PepsiCo Inc (PEP)0.64%
Verizon Communications Inc (VZ)0.64%
Patterson-UTI Energy Inc (PTEN)0.63%
Analog Devices Inc (ADI)0.63%

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섹터비중
경기소비재12.2%
에너지11.8%
헬스케어11.3%
기술11.2%
필수소비재10.3%
유틸리티10.3%
산업재9.9%
금융 서비스9.6%
기초 소재7.9%
커뮤니케이션 서비스5.4%
국가비중
미국92.6%
영국1.7%
기타1.4%
아일랜드1.3%
스위스1.0%
룩셈부르크0.6%
캐나다0.5%
버뮤다0.5%
네덜란드0.4%

배당수익률

0.00%

질문 및 답변

What is PAPI and what does it track?

The Parametric Equity Premium Income ETF (PAPI) is an actively managed ETF that seeks to provide income and capital appreciation by investing in a portfolio of dividend-paying stocks selected from the Russell 3000 Index.

The fund employs a proprietary investment process that considers 12-month yield and risk level.

What is the expense ratio for PAPI?

The expense ratio for PAPI is 0.29%. This means that for every $10,000 invested in the fund, investors will pay $29 in annual fees.

While this is not considered high, it is higher than some passively managed ETFs that track broad market indexes. The expense ratio will impact the fund's overall returns, particularly over longer time horizons.

What are the top holdings in PAPI?

As of 2026-03-15, the top holdings in PAPI are: 1) Morgan Stanley Instl Lqudty Govt Instl (MVRXX) at 1.65%, 2) Corning Inc (GLW) at 0.88%, 3) International Seaways Inc (INSW) at 0.72%, 4) Permian Resources Corp Class A (PR) at…

0.67%, and 5) Noble Corp PLC Class A (NE) at 0.65%.

Is PAPI a good long-term investment?

PAPI's suitability as a long-term investment depends on an investor's individual financial goals and risk tolerance. The fund's strategy of writing covered calls can generate income, but it also limits potential upside.

The fund's expense ratio of 0.29% will impact long-term returns. Investors should carefully consider the fund's investment strategy, risk profile, and historical performance (if available) before making a decision. Past performance does not guarantee future results.

How does PAPI compare to similar ETFs?

PAPI differentiates itself through its active management, equal sector weighting, and covered call strategy. Many similar ETFs may focus on high-dividend stocks without the covered call overlay, or they may be passively managed, tracking a specific dividend-focused index.

Does PAPI pay dividends?

As of 2026-03-15, the dividend yield for PAPI is 0.00%. It is important to note that the fund's dividend payments can fluctuate over time depending on market conditions and the fund's investment performance.

Investors should review the fund's historical dividend payments and consider their own income needs when evaluating PAPI as an investment.

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