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Parametric Equity Premium Income ETF
PAPI (Parametric Equity Premium Income ETF) is an index US Dividend Equity ETF by Parametric. With a 0.29% MER, it provides diversified exposure through 177 holdings. Monthly distribution with a 7.10% yield.
PAPI by Parametric is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.29% MER makes it one of the most cost-effective options in its category. It pays a monthly distribution with a 7.10% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.