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Alternatives

Purpose Premium Yield Fund

Overview
Portfolio Breakdown
Performance & Distributions
Documents

The purpose of this fund

  • Cash-covered put-selling strategy that earns premiums from a portfolio of stocks we love
  • Puts sold at levels 8-10% below market to provide a cushion against declines
  • No leverage and active risk management to target 25% market exposure
  • Tax-efficient income from its corporate class structure

Managed by -

Frank Maeba

Neuberger Berman Breton Hill

Founded in 1939 with a focus on deep fundamental research, Neuberger Berman Investment Advisers manages more than $300-billion USD in assets today, primarily for institutional advisors. The firm takes a boots-on-the-ground approach, employing more than 600 investment professionals in 35 cities around the world.

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