Parametric Equity Plus ETF
PEPS
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 800 Fifth Avenue, Suite 2800 Seattle WA United States of America 98104
- IPO Date
- Nov 11, 2024
- Website
- parametricportfolio.com
- Similar Companies
- Business
- Parametric Equity Plus ETF (PEPS) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in U.S. large-cap equities while overlaying a rules-based, beta-neutral call options overwriting strategy to generate incremental total return and alpha independent of market environments; it also employs active tax management techniques, including direct indexing capabilities, for tax-efficient enhanced equity exposure. The fund, with ticker PEPS and CUSIP 61774R775, was launched on November 7, 2024, and trades on Nasdaq; as of December 2025, it maintains assets under management of approximately $25 million, an expense ratio of 0.29%, and a portfolio concentrated in top holdings such as Microsoft, NVIDIA, Apple, Amazon.com, and Meta Platforms. PEPS is issued by Morgan Stanley ETF Trust, with Parametric Portfolio Associates LLC, a Seattle-based asset manager founded in 1987 and part of Morgan Stanley Investment Management, serving as sub-adviser. Parametric Portfolio Associates focuses on systematic investment strategies across U.S. and global equities, fixed income, and alternatives for institutional and advisor clients; it operates geographically from headquarters in Seattle, Washington, with additional offices in Minneapolis, London, and Sydney to serve North American, European, Middle Eastern, and Asia-Pacific markets. In December 2025, Parametric announced new strategic partnerships with Harding Loevner and Schafer Cullen Capital Management to expand its Custom Active partner network, adding over 16 new active equity strategies year-to-date, including MSIM's Applied Equity Advisors suite, enhancing tax optimization offerings for separately managed accounts. These alliances build on prior expansions, such as the August 2024 Custom Active launch with Capital Group, positioning Parametric to deliver innovative, customizable passive and active solutions amid growing demand for tax-aware investing.