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Purpose Monthly Income Fund
PIN (Purpose Monthly Income Fund) is an index Canadian Dividend Equity ETF by Purpose. With a 0.55% MER, it provides diversified exposure. Monthly distribution with a 5.00% yield.
PIN by Purpose is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.55% MER, its fees are in line with category averages. It pays a monthly distribution with a 5.00% 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.