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Purpose Premium Yield Fund (PYF-T) opinion on 2017-07-24

Last Price Recorded: 19.1800 on 2017-12-15

ON STOCKCHASE SINCE Jul 2017

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Don Vialoux
Purpose Premium Yield Fund was $19.290 at time of opinion
Owned : Unknown

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

UNKNOWN

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All opinions for PYF-T (3)

3 BUY
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2 Comments

utiac

July 25th 2017 at 2:20am

A one year chart (don't look at the Purpose Investments performance chart on their website) would indicate to me this is paying dividends out of your capital. Can't see how anyone but Purpose benefits.

stockwealth

July 26th 2017 at 7:33pm

Seeks to provide regular income in diverse market environments and protect capital from changes in interest rates over time by allocating its assets primarily among a broad range of investment grade fixed income securities and maintaining overall portfolio duration of no more than 2.5 years.

52 week range $19.24 - $19.90 Yield 6.65% Management fee 0.60%.

Uses a Put and Option strategy. Came out in 2016 - not a lot of reviews out there.

Might want to consider HEF or XTR as possible alternatives.


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