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Purpose
About 0% of the 26.1% yield is recurring income; the rest is capital gains or return of capital. Too new to show a capital trend.
Payout over time
Fund health
This fund sells call options on NVDA to help fund its distribution. That can limit how much of NVDA's rise it keeps in exchange for the cash it pays out. The comparison against NVDA is further down this page.
Why the price moved
This fund has under 3 years of its own price history, so the 3-year price comparison against NVDA is not shown yet. The comparison over the available window is further down this page.
Own payout record
Cash distributed per unit, by calendar year, from the fund's own distribution history (up to the last 6 years). "Reduced" marks a year where the cash paid per unit fell more than 5% versus the prior year.
How it's taxed
The CRA taxes each distribution dollar by its character. These shares are measured against the full taxable distribution, including any portion the fund reinvested as units rather than paying in cash.
| Character | % of taxable | $ / unit |
|---|---|---|
| Capital gains | 100% | $10.4847 |
| Return of capital | 0% | $0.0003 |
Based on Purpose's 2025 T3 / tax-factor filing. Character can vary year to year. This is not tax advice; consult a tax professional about your situation.
Character mix by year
What you keep, in your account
Each figure below starts from the headline yield of 26.1% and shows an estimate of what you keep after tax. Where you hold the fund changes the answer: a TFSA shelters Canadian tax and can still lose foreign withholding tax when the fund has foreign withholding, a non-registered account taxes each character at its own rate, and an RRSP defers tax until you withdraw.
These figures are estimates at the top ON marginal tax rate, not your personal rate.
Illustrative, not tax advice.
Fund vs underlying
YNVD.NE targets ~1.25x NVDAexposure via a swap and sells call options on top to lift the payout. The comparison below is against the underlying stock's plain total return.
| Last 12 months | YNVD.NE NVIDIA (NVDA) YIELD SHARES PURPOSE ETF | NVDA |
|---|---|---|
| Distribution yield (TTM) | 26.1% | 0.1% |
| Total return (1y) | 21.9% | 11.4% |
| Growth of $100, reinvested | $122 | $111 |
| Growth of $100, not reinvested | $97 | $111 |
Over the last 12 months, YNVD.NE returned +10.5pp more than NVDA (+21.9pp vs +11.4pp). Over this window, the fund finished ahead of the underlying stock. That result can vary a lot by market period. YNVD.NE also runs ~1.25x leverage, which amplifies both gains and losses versus holding NVDA directly.
Underlying total return, dividend-reinvested. Past performance is not indicative of future results.
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Next steps
Prices as of 2026-07-27. Distributions as of 2026-07-28. Tax character year 2025.
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