Key stats
About Parametric Equity Plus ETF
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Inception date
Nov 8, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Morgan Stanley Investment Management, Inc.
Distributor
Foreside Fund Services LLC
PEPS is an actively managed fund that seeks long-term capital appreciation through a US large-cap equity portfolio while employing a beta-neutral call overwriting strategy. The fund specifically invests in stocks of the Solactive GBS United States 500 Index. The funds options strategy combines selling short-dated, out-of-the-money S&P 500 Index call options with offsetting long equity exposure, including investments in futures and FLEX Options that reference the S&P 500 Index and SPY ETF. The fund's performance is dependent on the equity portfolio. To avoid being subject to the straddle rules, the fund limits overlap between its equity investments and the options' underlying constituents. It also utilizes tax loss harvesting within the equity portfolio. As a result of writing call options, the fund may forgo upside participation. However, the funds sub-adviser will seek to ladder the written call option positions to mitigate this risk.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Stocks95.94%
Technology Services21.61%
Electronic Technology21.09%
Finance14.50%
Retail Trade8.16%
Health Technology7.12%
Consumer Non-Durables3.57%
Producer Manufacturing3.57%
Consumer Services2.78%
Energy Minerals2.25%
Utilities2.13%
Consumer Durables1.98%
Process Industries1.49%
Transportation1.29%
Industrial Services1.06%
Health Services1.05%
Communications0.86%
Non-Energy Minerals0.70%
Distribution Services0.51%
Commercial Services0.16%
Miscellaneous0.07%
Bonds, Cash & Other4.06%
Cash4.05%
Rights & Warrants0.01%
Stock breakdown by region
North America97.00%
Europe2.63%
Latin America0.37%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PEPS invests in stocks. The fund's major sectors are Technology Services, with 21.61% stocks, and Electronic Technology, with 21.09% of the basket. The assets are mostly located in the North America region.
PEPS top holdings are Microsoft Corporation and NVIDIA Corporation, occupying 7.03% and 6.46% of the portfolio correspondingly.
PEPS last dividends amounted to 0.06 USD. The quarter before, the issuer paid 0.07 USD in dividends, which shows a 0.21% decrease.
PEPS assets under management is 21.74 M USD. It's risen 5.19% over the last month.
PEPS fund flows account for 20.17 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PEPS pays dividends to its holders with the dividend yield of 0.89%. The last dividend (Jun 27, 2025) amounted to 0.06 USD. The dividends are paid quarterly.
PEPS shares are issued by Morgan Stanley under the brand Parametric. The ETF was launched on Nov 8, 2024, and its management style is Active.
PEPS expense ratio is 0.29% meaning you'd have to pay 0.29% of your investment to help manage the fund.
PEPS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PEPS invests in stocks.
PEPS price has risen by 4.80% over the last month, and its yearly performance shows a 2.75% increase. See more dynamics on PEPS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.59% over the last month, showed a 11.10% increase in three-month performance and has increased by 5.08% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.59% over the last month, showed a 11.10% increase in three-month performance and has increased by 5.08% in a year.
PEPS trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.