PAPI – Parametric Equity Premium Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide consistent monthly income while maintaining prospects for capital appreciation. The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PAPI	Parametric Equity Premium Income ETF	ETF	Open	—		Oct 16, 2023	$486.27M	0.290%	—	—	$209.64M

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