Question 1

What is PAYF?

Accepted Answer

PAYF — Purpose Enhanced Premium Yield Fund — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the PAYF ETF price today?

Accepted Answer

PAYF last traded at $18.62 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the PAYF MER (management expense ratio)?

Accepted Answer

PAYF has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, PAYF is considered a low-cost ETF.

Question 4

What are PAYF annualised returns?

Accepted Answer

PAYF historical returns: YTD: -1.27%, 1-year: +6.84%, 3-year annualised: +11.03%, 5-year annualised: +8.30%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.28, which measures risk-adjusted return.

Question 5

Does PAYF pay dividends or distributions?

Accepted Answer

Yes, PAYF distributes income to unitholders. The current distribution yield is approximately 8.66%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does PAYF invest in?

Accepted Answer

PAYF's top holdings include Purpose Cash Management Fund ETF Units (MNY, 71.0%), iShares MSCI Emerging Markets ETF (EEM, 1.9%), Coinbase Global Inc (COIN, 1.8%), Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR, 1.8%), Alibaba Group Holding Ltd (BABA, 1.8%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar DM REIT GR CAD.

Question 7

What sectors does PAYF invest in?

Accepted Answer

PAYF's largest sector exposures are Technology (16.4%), Consumer Cyclicals (14.8%), Communication Services (14.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is PAYF? (Assets under management)

Accepted Answer

PAYF has approximately $48M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was PAYF launched?

Accepted Answer

PAYF was launched on May 17, 2019, giving it a 7-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy PAYF in Canada?

Accepted Answer

PAYF trades on the TSX under the ticker PAYF. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is PAYF?

Accepted Answer

PAYF has a 1-year volatility of 5.45% and a beta of 0.23 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.28 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$18.61	$18.65	$18.61	$18.62	$18.62	4,884
2026-09-30	$18.72	$18.72	$18.69	$18.69	$18.69	455
2026-09-29	$18.73	$18.74	$18.73	$18.74	$18.74	700
2026-09-28	$18.85	$18.85	$18.70	$18.76	$18.76	2,000
2026-09-25	$18.89	$18.89	$18.89	$18.89	$18.75	0
2026-09-24	$18.90	$18.90	$18.90	$18.90	$18.90	402
2026-09-23	$19.02	$19.02	$18.95	$18.95	$18.95	880
2026-09-22	$19.04	$19.04	$19.04	$19.04	$19.04	330
2026-09-21	$19.02	$19.02	$19.02	$19.02	$19.02	305
2026-09-18	$18.98	$18.98	$18.98	$18.98	$18.98	102

#	Ticker	Name	Weight
1	MNY	Purpose Cash Management Fund ETF Units	71.05%
2	EEM	iShares MSCI Emerging Markets ETF	1.87%
3	COIN	Coinbase Global Inc	1.84%
4	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	1.84%
5	BABA	Alibaba Group Holding Ltd	1.80%
6	CVS	CVS Health Corp	1.79%
7	LIN	Linde plc Ordinary Shares	1.74%
8	META	Meta Platforms Inc.	1.70%
9	NEE	Nextera Energy Inc	1.68%
10	HD	The Home Depot Inc	1.64%

Sector	Weight
Technology	16.40%
Consumer Cyclicals	14.80%
Communication Services	13.98%
Utilities	11.83%
Basic Materials	11.59%
Healthcare	10.85%
Financial Services	9.67%
Consumer Defensive	6.07%
Real Estate	2.54%
Industrials	1.50%
Energy	0.78%

Ticker	Name	Price	1D
MSTU		$43.77	+9.62%
OILU		$59.51	+6.19%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.42	+5.98%
MUU		$19.42	+5.72%
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
CSHI	Ninepoint Constellation Software HighShares ETF	$12.40	+4.11%
HND	BetaPro Natural Gas 2x Daily Bear	$24.40	+4.01%

CIBC Investor's Edge

Purpose Enhanced Premium Yield Fund (PAYF : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Purpose Enhanced Premium Yield Fund

ETF Details

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Frequently Asked Questions — PAYF