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Financial Services Equity
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Click for more information on Fundata’s ESG Grade
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|
NAVPS (04-29-2024) |
$22.78 |
|---|---|
| Change |
-$0.05
(-0.20%)
|
As at March 31, 2024
As at March 31, 2024
As at February 29, 2024
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Inception Return (October 26, 2016): 7.19%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 4.30% | 4.50% | 14.04% | 4.50% | 12.03% | 1.00% | 5.60% | 14.17% | 7.81% | 6.43% | 5.89% | - | - | - |
| Benchmark | 3.76% | 9.87% | 21.36% | 9.87% | 25.68% | 9.80% | 9.79% | 15.54% | 8.54% | 7.15% | 7.88% | 9.74% | 7.73% | 8.93% |
| Category Average | 5.09% | 20.74% | 20.74% | 8.28% | 21.50% | 4.12% | 6.40% | 16.72% | 8.69% | 6.85% | 7.60% | 9.48% | 7.82% | 8.14% |
| Category Rank | 52 / 77 | 75 / 76 | 74 / 76 | 75 / 76 | 55 / 71 | 37 / 60 | 38 / 57 | 33 / 52 | 32 / 52 | 26 / 47 | 31 / 42 | - | - | - |
| Quartile Ranking | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.42% | -4.19% | 3.11% | 3.22% | -5.33% | -1.60% | -5.10% | 7.13% | 7.34% | -0.66% | 0.86% | 4.30% |
| Benchmark | 3.42% | -3.87% | 2.93% | 4.62% | -0.85% | -2.45% | -0.85% | 7.51% | 3.63% | 1.30% | 4.53% | 3.76% |
13.34% (November 2020)
-17.60% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 9.44% | -11.72% | 19.57% | -1.25% | 28.78% | -9.16% | 10.12% |
| Benchmark | 14.35% | 14.20% | 6.34% | 15.24% | -4.99% | 19.43% | -5.24% | 22.05% | -5.68% | 13.41% |
| Category Average | 10.01% | 6.19% | 11.10% | 15.65% | -8.72% | 20.37% | 0.17% | 28.60% | -10.67% | 9.26% |
| Quartile Ranking | - | - | - | 4 | 4 | 2 | 3 | 3 | 2 | 3 |
| Category Rank | - | - | - | 38/ 42 | 39/ 46 | 24/ 50 | 36/ 52 | 36/ 57 | 15/ 57 | 40/ 66 |
28.78% (2021)
-11.72% (2018)
| Name | Percent |
|---|---|
| Canadian Equity | 98.00 |
| Cash and Equivalents | 2.00 |
| Name | Percent |
|---|---|
| Financial Services | 98.44 |
| Cash and Cash Equivalent | 2.00 |
| Other | -0.44 |
| Name | Percent |
|---|---|
| North America | 100.00 |
| Name | Percent |
|---|---|
| Canadian Imperial Bank of Commerce | 12.97 |
| National Bank of Canada | 12.62 |
| Bank of Montreal | 11.55 |
| Royal Bank of Canada | 11.53 |
| Bank of Nova Scotia | 11.37 |
| Toronto-Dominion Bank | 9.62 |
| Manulife Financial Corp | 8.51 |
| Great-West Lifeco Inc | 7.03 |
| Sun Life Financial Inc | 6.97 |
| iA Financial Corp Inc | 6.26 |
Purpose Canadian Financial Income Fund Series A
Median
Other - Financial Services Equity
| Standard Deviation | 14.36% | 17.05% | - |
|---|---|---|---|
| Beta | 0.93% | 0.97% | - |
| Alpha | -0.03% | 0.00% | - |
| Rsquared | 0.74% | 0.80% | - |
| Sharpe | 0.27% | 0.41% | - |
| Sortino | 0.36% | 0.50% | - |
| Treynor | 0.04% | 0.07% | - |
| Tax Efficiency | 64.09% | 74.08% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 15.41% | 14.36% | 17.05% | - |
| Beta | 1.13% | 0.93% | 0.97% | - |
| Alpha | -0.14% | -0.03% | 0.00% | - |
| Rsquared | 0.72% | 0.74% | 0.80% | - |
| Sharpe | 0.50% | 0.27% | 0.41% | - |
| Sortino | 1.04% | 0.36% | 0.50% | - |
| Treynor | 0.07% | 0.04% | 0.07% | - |
| Tax Efficiency | 79.45% | 64.09% | 74.08% | - |
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
| Start Date | October 26, 2016 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC2400 |
The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.
To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). The fund will write covered call options from time to time in respect of the securities it holds to (i) enhance the fund’s total returns, (ii) enhance the dividend yield of the portfolio securities and (iii) lower the overall volatility of the fund’s portfolio.
| Name | Start Date |
|---|---|
| Purpose Investments Inc. | 10-26-2016 |
| Neuberger Berman Breton Hill ULC | 10-26-2016 |
| Fund Manager | Purpose Investments Inc. |
|---|---|
| Advisor | Purpose Investments Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CIBC Mellon Global Securities Services |
| Distributor | - |
| Auditor | Ernst & Young LLP, Chartered Accountants |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 15,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.75% |
|---|---|
| Management Fee | 1.55% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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