Parametric Equity Plus ETF (PEPS)

The Parametric Equity Plus ETF (PEPS) is an exchange-traded fund managed by Parametric Portfolio Associates, a Seattle-based firm that is part of Morgan Stanley Investment Management and is known for systematic, rules-based and options-based strategies.

The fund holds a portfolio of U.S. stocks and pairs it with an additional strategy, reflected in the Plus in its name, intended to enhance the return profile of the core equity exposure. Details of the overlay are described in the fund's prospectus.

The fund trades on Nasdaq.