Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Experts have praised Purpose Premium Yield Fund (PYF-T) for its similar strategy to ZPAY and its quality as a defensive investment option for dividends. The actively managed ETF product has been highlighted as a good yield product that is tax efficient and can provide an alternative balance to a portfolio, with 4-5% annual returns.

Consensus
Positive
Valuation
Fair Value
Similar
ZPAY, ZPAY.T
BUY

Similar strategy to ZPAY. Does not use this paticular ETF, but overall is a quality product. Would recommend for defensive investors looking for dividends. 

E.T.F.'s
BUY

Actively managed ETF product. Writing puts & calls on the markets. 4-5% returns annually. Good yield product that is tax efficient. Alternative product that can balance a portfolio. 

E.T.F.'s
COMMENT

This fund writes put options. This relies on the management as you don’t want to be made long a group of weak stocks. This is a short volatility strategy. You just need to know what your strategy is.

E.T.F.'s
BUY

He loves the strategy. They are consistently taking in yield in the fund and then pay out 6%. The US exposure has hurt them a little over the last year. Option strategy premiums are lower at the moment.

E.T.F.'s
BUY

He likes a lot of the stuff that Purpose has been doing. They are very creative in some of the things they do. Involves a lot of quantitative stuff and Covered Calls on various equities. Slightly riskier, but he would certainly be a buyer. Wouldn’t have it as his total income, but would have it as a portion. When looking at yield, you want to have several different things to look at.

E.T.F.'s
BUY

An excellent way of sitting on cash. Between now and mid-October, we have volatile markets seasonally and this is a cash equivalent.

E.T.F.'s
Showing 1 to 6 of 6 entries
  • «
  • 1
  • »

Purpose Premium Yield Fund(PYF-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Purpose Premium Yield Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Purpose Premium Yield Fund(PYF-T) Frequently Asked Questions

What is Purpose Premium Yield Fund stock symbol?

Purpose Premium Yield Fund is a Canadian stock, trading under the symbol PYF-T on the Toronto Stock Exchange (PYF-CT). It is usually referred to as TSX:PYF or PYF-T

Is Purpose Premium Yield Fund a buy or a sell?

In the last year, 2 stock analysts published opinions about PYF-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Purpose Premium Yield Fund.

Is Purpose Premium Yield Fund a good investment or a top pick?

Purpose Premium Yield Fund was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Purpose Premium Yield Fund.

Why is Purpose Premium Yield Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Purpose Premium Yield Fund worth watching?

2 stock analysts on Stockchase covered Purpose Premium Yield Fund In the last year. It is a trending stock that is worth watching.

What is Purpose Premium Yield Fund stock price?

On 2024-07-12, Purpose Premium Yield Fund (PYF-T) stock closed at a price of $17.395.