ATLASParametric Equity Premium Income ETF (PAPI): outlook, holdings and fees
Parametric Equity Premium Income ETF (PAPI) is an exchange-traded fund and is managed by Eaton Vance ETFs. The expense ratio is 0.29% and the yield is 6.10%. The ten largest holdings are 7% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PAPI
| Last price | $28.26 (0.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 57% |
| Likely 1-month range (50%) | $27.84 – $28.99 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 6.10% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PAPI fund facts
| Issuer | Eaton Vance ETFs |
|---|---|
| Theme | Bonds (broad) |
| Assets under management | $506M |
| Expense ratio | 0.29% |
| Number of holdings | 49 |
| Portfolio turnover | 0% |
| Inception | Oct 16, 2023 |
| Exchange | NYSE |
The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.
PAPI top holdings
| Holding | Sector | Weight |
|---|---|---|
| Valero Energy Corporation VLO | Energy | 0.89% |
| HF Sinclair Corp DINO | Energy | 0.80% |
| Phillips 66 PSX | Energy | 0.79% |
| Accenture plc ACN | Technology | 0.74% |
| Salesforce.com Inc CRM | Technology | 0.71% |
| Microsoft Corporation MSFT | Technology | 0.70% |
| International Seaways Inc INSW | Energy | 0.67% |
| Cognizant Technology Solutions Corp Class A CTSH | Technology | 0.68% |
| Skyworks Solutions Inc SWKS | Technology | 0.68% |
| Synnex Corporation SNX | Technology | 0.69% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PAPI sector breakdown
| Sector | Weight |
|---|---|
| Technology | 14.0% |
| Healthcare | 12.3% |
| Energy | 12.0% |
| Consumer Cyclicals | 11.3% |
| Industrials | 10.3% |
| Financial Services | 9.6% |
| Consumer Defensive | 9.4% |
| Utilities | 8.8% |
| Basic Materials | 7.6% |
| Communication Services | 4.8% |
By region: North America 98.4%, Europe Developed 0.6%, Latin America 0.5%, United Kingdom 0.5%.
PAPI returns and risk
| Year to date | +10.7% |
|---|---|
| 1 year | +14.4% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
PAPI: frequently asked questions
What does PAPI invest in?
Parametric Equity Premium Income ETF invests in a portfolio of securities. Its largest holdings are Valero Energy Corporation (0.9%), HF Sinclair Corp (0.8%), Phillips 66 (0.8%), Accenture plc (0.7%), Salesforce.com Inc (0.7%).
What is the PAPI expense ratio?
0.29% a year: about $29.00 for every $10,000 invested.
What is the PAPI dividend yield?
6.10%. ATLAS does not hold the exact distribution dates for ETFs.
Will PAPI go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 57%, with a likely range (50%) of $27.84 to $28.99 from $28.26 today. It is a probability, not a prediction.
How has PAPI performed?
Year to date +10.7%, one year +14.4%. Past returns do not guarantee future results.
Similar ETFs: Bonds (broad)
- Vanguard Total Bond Market ETF (BND)
- Vanguard Tax-Exempt Bond ETF (VTEB)
- Vanguard Short-Term Bond ETF (BSV)
- JPMorgan Equity Premium Income ETF (JEPI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
- Vanguard Intermediate-Term Bond ETF (BIV)
- NEOS S&P 500 High Income ETF (SPYI)
- Dimensional Core Fixed Income ETF (DFCF)
Educational information, not investment advice. Disclaimer