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Purpose Tactical Hedged Equity Fund Series A

Alternative Equity Focus

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-17-2024)
$28.95
Change
-$0.11 (-0.39%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Purpose Tactical Hedged Equity Fund Series A

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Fund Returns

Inception Return (September 03, 2013): 4.05%

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 1.12% 4.85% 12.43% 4.85% 11.78% 4.18% 5.04% 9.84% 5.26% 4.01% 3.92% 5.18% 2.98% 3.11%
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 146 / 189 114 / 166 81 / 160 114 / 166 84 / 151 74 / 134 60 / 101 39 / 67 30 / 51 16 / 22 16 / 22 15 / 21 15 / 15 -
Quartile Ranking 4 3 3 3 3 3 3 3 3 3 3 3 4 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.52% -2.29% 4.00% 1.55% -1.44% -3.72% -1.87% 6.70% 2.41% 1.14% 2.52% 1.12%
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%

Best Monthly Return Since Inception

7.62% (November 2016)

Worst Monthly Return Since Inception

-8.16% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.38% -8.39% 11.17% 8.95% -9.05% 7.66% 3.13% 17.55% -10.60% 9.53%
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 2 2 4 2 3 2 3 2
Category Rank - 15/ 15 6/ 21 11/ 22 17/ 22 21/ 47 41/ 62 43/ 97 91/ 123 67/ 149

Best Calendar Return (Last 10 years)

17.55% (2021)

Worst Calendar Return (Last 10 years)

-10.60% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 93.99
International Equity 5.98
Cash and Equivalents 0.04
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 34.32
Healthcare 11.38
Consumer Services 9.84
Financial Services 9.83
Consumer Goods 6.91
Other 27.72

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.03
Europe 5.47
Asia 0.52
Other -0.02

Top Holdings

Top Holdings
Name Percent
Microsoft Corp 7.12
Apple Inc 6.28
Alphabet Inc Cl A 4.98
NVIDIA Corp 4.88
Amazon.com Inc 3.36
Eli Lilly and Co 2.83
Visa Inc Cl A 2.29
Exxon Mobil Corp 2.27
Procter & Gamble Co 2.07
Bank of America Corp 1.81

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Tactical Hedged Equity Fund Series A

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 11.60% 11.47% 10.55%
Beta 0.78% 0.66% 0.66%
Alpha -0.02% -0.01% -0.02%
Rsquared 0.80% 0.80% 0.62%
Sharpe 0.26% 0.34% 0.21%
Sortino 0.33% 0.34% 0.08%
Treynor 0.04% 0.06% 0.03%
Tax Efficiency 98.63% 99.17% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.11% 11.60% 11.47% 10.55%
Beta 0.73% 0.78% 0.66% 0.66%
Alpha 0.02% -0.02% -0.01% -0.02%
Rsquared 0.85% 0.80% 0.80% 0.62%
Sharpe 0.68% 0.26% 0.34% 0.21%
Sortino 1.59% 0.33% 0.34% 0.08%
Treynor 0.09% 0.04% 0.06% 0.03%
Tax Efficiency 100.00% 98.63% 99.17% -

Fundata ESG Metrics

Fundata ESG Score

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.

Fundata E Score

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.

Fundata S Score

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.

Fundata G Score

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.

Fund Details

Start Date September 03, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Partially Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC300

Investment Objectives

The fund seeks to provide shareholders with (i) consistent long-term capital appreciation with an attractive risk-adjusted rate of return investing in a portfolio of U.S. listed equities; and (ii) less volatility and low correlation to U.S. equity markets by hedging the fund’s exposure to overall market risk.

Investment Strategy

The fund uses a multi-factor, fundamental rules-based portfolio selection strategy to select long portfolio securities from a universe of U.S. listed equities. The selection strategy emphasizes factors that have shown to be effective at differentiating between strong and weak performing stocks including but not limited to: fundamental change, valuation, growth and quality.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 09-03-2013
Neuberger Berman Breton Hill ULC 12-10-2020

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 5,000
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 15,000
SWP Min Withdrawal 100

Fees

MER 2.05%
Management Fee 1.80%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.00%
Trailer Fee Max (LL) -

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