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Purpose Strategic Yield Fund Series A

High Yield Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2021

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NAVPS
(05-16-2024)
$7.14
Change
$0.00 (0.05%)

As at April 30, 2024

Period
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Purpose Strategic Yield Fund Series A

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Fund Returns

Inception Return (August 26, 2011): 5.01%

Fund Returns
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 0.57% 1.34% 7.81% 3.17% 8.22% 1.33% 0.76% 8.92% 4.22% 3.94% 4.50% 5.90% 4.14% 3.71%
Benchmark 0.55% 3.28% 8.20% 4.71% 10.33% 8.77% 3.34% 4.51% 3.12% 4.18% 3.35% 5.49% 5.30% 5.68%
Category Average -0.86% 7.34% 7.34% 0.69% 6.00% 2.76% 0.06% 3.64% 1.99% 2.27% 2.19% 3.05% 2.45% 2.45%
Category Rank 21 / 294 67 / 294 122 / 294 46 / 294 90 / 288 256 / 285 134 / 276 8 / 269 33 / 262 53 / 243 24 / 230 22 / 196 38 / 185 51 / 169
Quartile Ranking 1 1 2 1 2 4 2 1 1 1 1 1 1 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.33% 0.88% 1.05% -0.21% 0.46% -1.44% 1.96% 2.49% 1.81% 0.06% 0.71% 0.57%
Benchmark -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55%

Best Monthly Return Since Inception

5.23% (August 2020)

Worst Monthly Return Since Inception

-15.76% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.19% -5.46% 11.08% 11.58% -2.02% 7.80% 9.77% 11.34% -8.98% 5.68%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 4 4 3 1 2 3 1 1 2 4
Category Rank 164/ 166 146/ 178 127/ 195 10/ 223 102/ 235 195/ 260 21/ 268 8/ 270 100/ 279 263/ 288

Best Calendar Return (Last 10 years)

11.58% (2017)

Worst Calendar Return (Last 10 years)

-8.98% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Strategic Yield Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 4.53% 9.49% 7.67%
Beta 0.35% 0.83% 0.52%
Alpha 0.00% 0.02% 0.01%
Rsquared 0.29% 0.38% 0.22%
Sharpe -0.42% 0.28% 0.33%
Sortino -0.59% 0.21% 0.15%
Treynor -0.05% 0.03% 0.05%
Tax Efficiency - 38.04% 23.92%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.79% 4.53% 9.49% 7.67%
Beta 0.07% 0.35% 0.83% 0.52%
Alpha 0.07% 0.00% 0.02% 0.01%
Rsquared 0.01% 0.29% 0.38% 0.22%
Sharpe 0.84% -0.42% 0.28% 0.33%
Sortino 2.68% -0.59% 0.21% 0.15%
Treynor 0.46% -0.05% 0.03% 0.05%
Tax Efficiency 67.00% - 38.04% 23.92%

Fund Details

Start Date August 26, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC4600

Investment Objectives

The fund’s investment objective is to seek to provide investors with a high yield by investing primarily in, or obtaining exposure primarily to, fixed income securities of corporate issuers located in Canada or the United States.

Investment Strategy

To achieve its objective, the fund has entered into a forward agreement with another party under which the other party will buy Canadian shares owned by the fund for a price determined by the value of units of the reference fund. This provides the fund with economic returns similar to that of the reference fund. The fund may use derivatives from time to time for hedging and other non-hedging purposes.

Portfolio Manager(s)

Name Start Date
Sandy Liang 01-13-2012
Purpose Investment Partners Inc. 12-08-2016

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.76%
Management Fee 1.00%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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