# Parametric Equity Plus ETF (PEPS): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/peps for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Eaton Vance · Asset class: US Equity - Strategy: Actively Managed · Inception: 2024-11-07 PEPS is an actively managed fund that aims for long-term capital appreciation by primarily investing in a portfolio of large US companies. Specifically, it holds stocks found within the Solactive GBS United States 500 Index. A key element of its strategy involves a beta-neutral call overwriting approach, where the fund sells short-dated, out-of-the-money call options on the S&P 500 Index. This options strategy is paired with compensatory long equity exposure, which includes positions in S&P 500 Index futures, FLEX Options referencing the S&P 500 Index, and the SPY ETF. The fund's overall pe... ## Key Facts | Metric | Value | |---|---| | Price | $33.31 | | Expense Ratio | 0.10% | | Assets Under Management | $29.8M | | NAV | $33.08 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.95% | | Annual Distribution (TTM) | $0.32 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $24.03 – $33.75 | | Beta | 1.02 | ## Latest Distribution - Amount: $0.0855 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does PEPS invest in? PEPS is an actively managed fund that aims for long-term capital appreciation by primarily investing in a portfolio of large US companies. Specifically, it holds stocks found within the Solactive GBS United States 500 Index. A key element of its strategy involves a beta-neutral call overwriting approach, where the fund sells short-dated, out-of-the-money call options on the S&P 500 Index. This options strategy is paired with compensatory long equity exposure, which includes positions in S&P 500 Index futures, FLEX Options referencing the S&P 500 Index, and the SPY ETF. The fund's overall performance is predominantly driven by its equity holdings. To avoid straddle rule implications, PEPS carefully limits the overlap between its equity investments and the underlying components of its options. It also implements tax loss harvesting strategies within its equity portfolio. While the sale of call options may lead to foregoing some upside market participation, the fund's sub-adviser proactively seeks to ladder these written call positions to lessen this potential limitation. ### What is the expense ratio of PEPS? Parametric Equity Plus ETF (PEPS) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PEPS? Parametric Equity Plus ETF (PEPS) manages $29.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PEPS actively managed or an index fund? PEPS is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PEPS's is 0.10%) in exchange for the discretion to over- or under-weight positions. ### When was PEPS launched? Parametric Equity Plus ETF (PEPS) launched in November 2024 and is managed by Eaton Vance. ### How has PEPS performed? PEPS's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PEPS pay a dividend? Parametric Equity Plus ETF (PEPS) currently distributes little or no income. Trailing-twelve-month yield is 0.95%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PEPS pay dividends? Parametric Equity Plus ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PEPS's dividend yield? PEPS's trailing-twelve-month yield is 0.95%, calculated from the sum of dividends over the past year divided by the current price. ### When is PEPS's next ex-dividend date? The most recently announced ex-dividend date for PEPS was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PEPS's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PEPS charge its expense ratio? The expense ratio is deducted in tiny daily slices from PEPS's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PEPS cost more than a fund like VOO? PEPS is actively managed (current expense ratio 0.10%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PEPS's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PEPS? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PEPS (0.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/peps - Distribution history: https://www.dividenddata.com/funds/peps/dividend - Holdings & diversification: https://www.dividenddata.com/funds/peps/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/peps/expenses - Peer comparison: https://www.dividenddata.com/funds/peps/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.