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PAPI ETF · Parametric Equity Premium Income ETF
The PAPI Exchange Traded Fund (ETF) is provided by Morgan Stanley. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofOptions Strategies1M perf.-1.81%
Last price
$27.26
1M perf.
-3.00%
1M flows
+€26M
AuM
€288M
E/R
0.29%
Rating
Not rated
ESG Consensus®
PAPI
$27.26
Performance & flows
December 11, 2025 → March 11, 2026
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PAPI
$27.41
+6.17%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.99% | +6.17% | +13.08% | N/A | N/A | -3.11% | +7.41% | +7.41% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/11/2026
$27.41
1D NAV change
-0.11%
Dividend policy
No. of holdings
187
Inception date
10/19/2023
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
Parametric Equity Premium Income ETF (the “Fund”) seeks to provide consistent monthly income while maintaining prospects for capital appreciation.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +6.17% | +13.08% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
89.29%
Ireland
1.98%
United Kingdom
1.57%
Jersey
1.02%
Unavailable
3.31%
Other
2.83%
Sectors
Information Technology
12.18%
Consumer Discretionary
10.65%
Industrials
10.21%
Energy
9.70%
Materials
9.60%
Health Care
9.55%
Consumer Staples
9.38%
Utilities
9.31%
Unavailable
5.80%
Other
13.62%
Diversification
Total weight of top 15 holdings out of 187
Top 15 holdings
Data as of January 31, 2026
ROBERT HALF
MANPOWERGROUP
CORNING
US71424F1057
CONAGRA BRANDS INC
PEPSICO U
VERIZON COMMUNICATIONS
INTERNATIONAL SEAWAYS
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EXXON
PRINCIPAL FINL
CHEVRON TEXACO
GILEAD SCIENCES
AIR PRODUCTS AND CHEMICALS
UNITED BANKSHRS
JOHNSON&JOHNSON
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Morgan Stanley
Morgan Stanley ID Card
Number of funds
18
Total AuM
€11.62B
Expense ratio range
0.14% - 0.9%
Average expense ratio
0.3278%
Top 5 funds by Morgan Stanley
| AuM | ||
|---|---|---|
EVTR | Eaton Vance Total Return Bond ETF | €4.29B |
MSLC | Morgan Stanley Pathway Large Cap Equity ETF | €3.06B |
EVLN | Eaton Vance Floating-Rate ETF | €1.14B |
CVLC | Calvert US Large-Cap Core Responsible Index ETF | €616M |
MSSM | Morgan Stanley Pathway Small-Mid Cap Equity ETF | €608M |
Frequently asked questions about PAPI
What does Parametric Equity Premium Income ETF, PAPI, invest in?
PAPI is a Active ETF. This ETF provides exposure to US Equities.
What is the Total Expense ratio (TER) of PAPI?
PAPI carries a total expense ratio (TER) of 0.29%, indicating the annual cost for holding the fund.
When was PAPI launched?
PAPI was introduced to the market on October 19, 2023. It trades on United States
Who is the ETF issuer of PAPI?
Parametric Equity Premium Income ETF, PAPI, is provided by Morgan Stanley. Learn more about Morgan Stanley here.
What is the current assets under management (AUM) of PAPI?
PAPI oversees €288M in assets as of March 11, 2026.
How has PAPI performed lately?
Based on data from March 11, 2026, PAPI returned -2.99% over the past month, 6.17% over the last three months and 7.41% year-to-date.
What are the latest inflows or outflows for PAPI?
As of March 11, 2026, PAPI recorded net flows of +€26M over the last month and +€38M year-to-date.
Does PAPI distribute dividends?
PAPI follows a distributing dividend policy, meaning it pays out income to investors. As of March 11, 2026, its 12-month trailing yield was 7.33%.
What are the main country or region exposures of PAPI?
As of January 31, 2026, PAPI has significant geographic allocations in USA, Ireland and United Kingdom.
In which sector or theme does PAPI invest in?
As of January 31, 2026, PAPI focuses largely on Information Technology, Consumer Discretionary and Industrials.
How many securities does PAPI hold and how diversified is it?
As of January 31, 2026, PAPI holds 187 positions in its portfolio, with 9.10% of assets concentrated in its top 15 holdings.
What are the main positions in PAPI?
As of January 31, 2026, PAPI top three holdings include ROBERT HALF, MANPOWERGROUP and CORNING.
What is the base currency of PAPI?
The base currency of PAPI is USD.
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