DYNAMIC PREMIUM YIELD PLUS FUND (USD, DPAY.U) DPAY.U.CA

Dynamic Premium Yield PLUS Fund is an actively managed fund that aims to deliver long-term capital appreciation combined with premium income by investing primarily in U.S. equities and selectively writing options.

Its investment mandate includes buying quality stocks with reasonable valuations, writing covered calls on stocks believed to have reached fair value, and writing put options on blue-chip equities to potentially acquire them at lower prices while earning option premiums.

The strategy employs moderate leverage, primarily through derivatives, to enhance potential return. The asset scope is global with a heavy U.S. equity focus, though the strategy may include some global securities.

The fund belongs to the alternative equity / options-writing segment, and aims to generate income via option premiums and stock appreciation while seeking reduced volatility relative to pure equity exposure.

The fund is offered by Dynamic Funds / 1832 Asset Management L.P. as an alternative investment vehicle with multiple share classes, including ETF units. Portfolio management is handled by a team led by Damian Hoang and Derek Bastien.

There is no indication the fund passively tracks any benchmark index; instead its returns and risk are compared against a composite benchmark such as a blend of CBOE's PutWrite and BuyWrite indices for analytic purposes.