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Alternative Equity Focus
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Click for more information on Fundata’s ESG Grade
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|
NAVPS (04-30-2024) |
$17.28 |
|---|---|
| Change |
-$0.14
(-0.82%)
|
As at March 31, 2024
As at March 31, 2024
As at February 29, 2024
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Inception Return (September 14, 2021): 2.45%
| 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 | 4.07% | 6.34% | 21.20% | 6.34% | 23.79% | 3.44% | - | - | - | - | - | - | - | - |
| Benchmark | 4.14% | 6.62% | 15.26% | 6.62% | 13.96% | 3.95% | 9.11% | 16.99% | 9.96% | 9.65% | 8.48% | 9.70% | 7.76% | 7.67% |
| Category Average | 2.33% | 13.77% | 13.77% | 8.40% | 14.38% | 5.99% | 5.81% | 11.19% | - | - | - | - | - | - |
| Category Rank | 42 / 189 | 90 / 166 | 22 / 160 | 90 / 166 | 40 / 151 | 81 / 134 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 3 | 1 | 3 | 2 | 3 | - | - | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.73% | -1.41% | 4.93% | 5.21% | -3.19% | -4.71% | -4.13% | 11.17% | 6.94% | 0.18% | 2.00% | 4.07% |
| Benchmark | 2.90% | -4.95% | 3.36% | 2.58% | -1.37% | -3.33% | -3.21% | 7.48% | 3.91% | 0.55% | 1.82% | 4.14% |
11.52% (January 2023)
-9.92% (June 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | -19.14% | 21.35% |
| Benchmark | 10.55% | -8.32% | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% |
| Category Average | - | - | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% |
| Quartile Ranking | - | - | - | - | - | - | - | - | 4 | 1 |
| Category Rank | - | - | - | - | - | - | - | - | 115/ 123 | 30/ 150 |
21.35% (2023)
-19.14% (2022)
| Name | Percent |
|---|---|
| US Equity | 54.70 |
| Canadian Equity | 28.84 |
| International Equity | 5.71 |
| Cash and Equivalents | 4.29 |
| Income Trust Units | 0.28 |
| Other | 6.18 |
| Name | Percent |
|---|---|
| Financial Services | 25.11 |
| Technology | 17.80 |
| Basic Materials | 9.33 |
| Energy | 7.55 |
| Consumer Services | 6.18 |
| Other | 34.03 |
| Name | Percent |
|---|---|
| North America | 94.09 |
| Asia | 2.72 |
| Europe | 1.14 |
| Latin America | 1.03 |
| Africa and Middle East | 0.98 |
| Other | 0.04 |
| Name | Percent |
|---|---|
| iShares S&P/TSX 60 Index ETF (XIU) | 24.46 |
| iShares Core S&P 500 Index ETF C$ Hgd (XSP) | 18.57 |
| iShares U.S. Small Cap Index ETF C$ Hgd (XSU) | 16.03 |
| BMO Equal Weight US Banks Hgd to CAD Idx ETF (ZUB) | 10.96 |
| iShares NASDAQ 100 Index ETF (XQQU) | 7.96 |
| BMO S&P TSX Equal Weight Banks Index ETF | 6.19 |
| iShares S&P/TSX Global Gold Index ETF (XGD) | 5.42 |
| CAD Currency | 4.10 |
| iShares MSCI Emerging Markets Index ETF (XEM) | 3.36 |
| BMO Dow Jones Industrial Average Hgd to CAD (ZDJ) | 1.77 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | - | - | - | - |
| Beta | - | - | - | - |
| Alpha | - | - | - | - |
| Rsquared | - | - | - | - |
| Sharpe | - | - | - | - |
| Sortino | - | - | - | - |
| Treynor | - | - | - | - |
| Tax Efficiency | - | - | - | - |
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 | September 14, 2021 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Capped |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC8400 |
The investment objective of the fund is to provide investors with (i) the opportunity for long-term capital appreciation, (ii) stable, enhanced monthly distributions, and (iii) managed downside risk compared to a direct investment in the broad equity markets by investing, directly or indirectly, in a broad portfolio of North American and global equity securities and partially hedging the portfolio’s downside risk. The fund will use leverage.
The fund currently employs (i) index investment strategies tracking broad equity markets and specific sectors and (ii) a multi-factor portfolio selection strategy that is intended to create value and reduce risk over the investment period.
| Name | Start Date |
|---|---|
| Purpose Investments Inc. | 09-07-2021 |
| Fund Manager | Purpose Investments Inc. |
|---|---|
| Advisor | Purpose Investments Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CIBC Mellon Global Securities Services Company |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.75% |
|---|---|
| Management Fee | 1.65% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.20% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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