Equity Background
back to Yield Shares

Equity

Apple (AAPL) Yield Shares Purpose ETF

The purpose of this fund

  • Earn an attractive monthly yield from a covered call strategy (~50%) and moderate leverage (~25%) while staying invested in Apple shares.
  • Participate in the long-term growth opportunity of Apple shares.
  • Benefit from tax-efficient yield.
  • Stay protected from currency risk.

Managed by -

Nicholas Mersch, CFA

Nicholas Mersch, CFA

Portfolio Manager

Purpose Investments

Nawan Butt, CFA

Nawan Butt, CFA

Head of Capital Markets & Portfolio Manager

Purpose Investments

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. The indicated rate of return is the historical annual compounded total return including changes in share/unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.

This information is provided for illustrative and discussion purposes only. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. Historical trends do not imply, forecast or guarantee future results. Information is as of the date indicated and subject to change without notice. Nothing herein constitutes a prediction or projection of future events or future market behavior.

If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

FUND DETAILS

ETF  APLY
ETF (APLY)
DISTRIBUTION YIELD*

6.36%

(2025-02-14)

MGMT FEE

0.40%

AUM

$30.6M

NAV

$31.43

(2025-02-14)

SETTLEMENT DATE

T+1

 EXPAND ALL DETAILS

RETURNSAS AT 2025-01-31

Series1Y3Y5Y10YSince Inception
ETF28.24%---31.76%

INVESTORS ALSO LIKED...

 EXPAND SIMILAR FUNDS

*The 'distribution yield' figure shows the annual yield an investor would receive if the most recent fund distribution stayed the same going forward for a period of 12 months. This figure represents a single distribution from the fund and does not represent the total return of the fund. The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as-of date. This figure is net of management fees and other fund expenses. Distributions may vary, subject to the Manager's discretion.

overview