# Parametric Equity Plus ETF (PEPS) — Overview

PEPS · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/peps

## Price

Last close $33.38 on Oct 15, 2026. 52-week range $27.14 – $33.70.

## Fund profile

PEPS seeks long-term capital appreciation by actively investing in a US large-cap equity portfolio while generating incremental total return via beta-neutral call options overwriting.

| Metric | Value |
| --- | --- |
| Issuer | Morgan Stanley Investment Management Inc. |
| Industry | — |
| Inception | Nov 7, 2024 |
| Assets under management | $29.9M |
| Expense ratio | 0.10% |
| Net asset value | $33.25 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Parametric Equity Plus ETF (PEPS)?

PEPS seeks long-term capital appreciation by actively investing in a US large-cap equity portfolio while generating incremental total return via beta-neutral call options overwriting.

### What is PEPS's expense ratio?

Parametric Equity Plus ETF charges an annual expense ratio of 0.10%. The fund is issued by Morgan Stanley Investment Management Inc..

### How large is PEPS?

Parametric Equity Plus ETF manages $29.9M in assets and has traded since Nov 7, 2024.

### How do I buy shares of Parametric Equity Plus ETF (PEPS)?

PEPS trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).