Purpose Investments Inc. has expanded its Yield Shares suite with the launch of the Purpose SpaceX Yield Shares ETF, which began trading on Cboe Canada on June 15, 2026, under the ticker SPXY. The fund provides Canadian investors with access to Space Exploration Technologies Corp. while aiming to generate enhanced monthly income through a diversified covered call strategy. This listing adds to Purpose's range of yield-focused strategies, bringing the total number of ETFs in its Yield Shares suite to 30.

The ETF employs a covered call strategy on approximately 50% of its portfolio and uses modest leverage of about 25% to enhance exposure and support its income objective. It is 100% hedged back to the Canadian dollar to mitigate U.S. dollar currency risk. Distributions are expected to be in the form of capital gains and/or return of capital, which are typically taxed more favourably than interest income.

"SpaceX is one of the most influential companies shaping the future of space exploration and advanced technology, and Canadian investors have been looking for a simple way to access its growth potential," said Nick Mersch, Portfolio Manager at Purpose Investments. "SPXY gives investors access to that opportunity while providing enhanced monthly income through a strategy focused on long-term total return."

Key Details of the Purpose SpaceX Yield Shares ETF

Purpose Investments is an asset management company with more than $31 billion in assets under management. The firm is led by Som Seif and operates as a division of Purpose Unlimited. Cboe Canada facilitates close to 15% of all trading volume in Canadian listed securities.