Purpose Premium Yield Fund (PYF.TO)

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This fund aims to deliver significant monthly income and achieve long-term capital appreciation. Its core strategy involves investing in global equities, utilizing a multi-faceted options approach. This includes writing cash-covered put options to reduce the net cost of acquiring securities while generating premiums, and directly investing in stocks while simultaneously selling call options on those holdings to earn both dividends and additional premiums. To further enhance its investment objectives, the fund may strategically deploy derivatives, and it also retains the flexibility to engage in short selling or securities lending activities for supplementary income. The entire portfolio undergoes a comprehensive reconstitution and rebalancing process each quarter.