PAPI — Parametric Equity Premium Income ETF ☆

Parametric Equity Premium Income ETF (the “Fund”) seeks to provide consistent monthly income while maintaining prospects for capital appreciation. Parametric Equity Premium Income ETF is an exchange-traded fund listed on the NYSE Arca under the ticker PAPI and traded in USD. The fund is part of the Morgan Stanley Asset Management range. It is classified as Derivatives (Large Cap).