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Purpose
About 0.0% recurring income, but over the last 3 years capital fell 22%/yr.
Payout over time
Fund health
This fund sells call options on TSLA to help fund its distribution. That can limit how much of TSLA's rise it keeps in exchange for the cash it pays out. The comparison against TSLA is further down this page.
Where the 3-year return came from
The unit price fell 21.6% a year over this window: the return came entirely from distributions, with part of the payout offset by the price decline.
3-year annualized, on a shared scale: bars left of the line are negative. Capital appreciation is the fund's own unit-price change; income return is the contribution from distributions being reinvested. The two combine (multiplicatively) to the total return.
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% | $9.1672 |
| Return of capital | 0% | $0.0008 |
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 71.0% 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
YTSL.NE targets ~1.25x TSLAexposure 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 36 months | YTSL.NE TESLA (TSLA) YIELD SHARES PURPOSE ETF | TSLA |
|---|---|---|
| Distribution yield (TTM) | 71.0% | 0.0% |
| Total return (3y/yr) | 4.4% | 5.1% |
| Growth of $100, reinvested | $114 | $116 |
| Growth of $100, not reinvested | $48 | $116 |
Over the last 36 months, YTSL.NE and TSLA returned about the same (+4.4pp vs +5.1pp per year), even though the fund paid out more cash. YTSL.NE also runs ~1.25x leverage, which amplifies both gains and losses versus holding TSLA 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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Coverage 0.1×: The fund paid a 71.0% distribution rate against a 4.4% a year total return; the current distribution rate was higher than the total return over this window.
Of the 71.0% distribution rate, 0.0 points were classified as recurring income in the latest T3 tax-character split (dividends, interest, foreign income); the rest was capital gains and return of capital.
Return of capital reads 0% here; the gap between payout and return shows up as capital-gains distributions instead (see the tax character below).
Why the price moved
An approximation: the underlying stock's holdings are similar, not identical, and financing costs vary. The gap reflects option assignment, financing costs, and distributions relative to total return. The underlying stock's return is shown in the fund's currency.
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.