Join Fund Library now and get free access to personalized features to help you manage your investments.
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (09-16-2024) |
$15.97 |
|---|---|
| Change |
$0.04
(0.27%)
|
As at August 31, 2024
As at August 31, 2024
Loading...
Inception Return (September 04, 2013): 1.68%
| 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 | 1.15% | 3.49% | 4.10% | 4.07% | 8.17% | 3.73% | 0.21% | 0.75% | 1.06% | 1.47% | 1.04% | 1.23% | 1.59% | 1.22% |
| Benchmark | -0.48% | 4.29% | 5.73% | 9.20% | 13.12% | 12.65% | 3.34% | 3.96% | 3.91% | 4.63% | 4.74% | 4.74% | 5.05% | 6.12% |
| Category Average | 1.07% | 4.82% | 4.82% | 5.37% | 10.01% | 6.68% | 0.91% | 2.64% | 2.66% | 2.89% | 2.71% | 3.01% | 3.27% | 2.74% |
| Category Rank | 86 / 302 | 144 / 301 | 249 / 301 | 272 / 301 | 268 / 299 | 274 / 295 | 238 / 286 | 249 / 276 | 255 / 271 | 238 / 257 | 223 / 238 | 207 / 223 | 190 / 194 | 183 / 184 |
| Quartile Ranking | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.13% | -0.80% | 3.75% | 2.13% | -0.02% | -0.01% | 0.96% | -1.44% | 1.08% | 0.17% | 2.14% | 1.15% |
| Benchmark | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% |
4.50% (April 2020)
-7.19% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.62% | -1.93% | 7.03% | 1.69% | -3.96% | 5.76% | 6.14% | -0.63% | -6.74% | 3.82% |
| 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 | 3 | 2 | 4 | 4 | 4 | 4 | 2 | 4 | 1 | 4 |
| Category Rank | 117/ 173 | 79/ 185 | 182/ 201 | 199/ 229 | 188/ 240 | 232/ 265 | 93/ 275 | 253/ 277 | 53/ 286 | 278/ 295 |
7.03% (2016)
-6.74% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 70.37 |
| Canadian Corporate Bonds | 17.59 |
| Cash and Equivalents | 6.19 |
| Foreign Government Bonds | 3.55 |
| Canadian Government Bonds | 1.94 |
| Other | 0.36 |
| Name | Percent |
|---|---|
| Fixed Income | 94.64 |
| Cash and Cash Equivalent | 4.71 |
| Exchange Traded Fund | 1.48 |
| Financial Services | 0.05 |
| Other | -0.88 |
| Name | Percent |
|---|---|
| North America | 95.64 |
| Europe | 1.85 |
| Latin America | 1.04 |
| Africa and Middle East | 0.61 |
| Asia | 0.25 |
| Other | 0.61 |
| Name | Percent |
|---|---|
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 63.84 |
| BMO Mid Corporate Bond Index ETF (ZCM) | 17.58 |
| Purpose Global Bond Fund ETF (BND) | 14.90 |
| Purpose Cash Management Fund ETF - Closed | 1.48 |
| Cash and Cash Equivalents | 1.17 |
| BMO Mid Federal Bond Index ETF (ZFM) | 0.96 |
| Canadian Dollar | 0.04 |
| United States Dollar | 0.02 |
Purpose Total Return Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.48% | 6.09% | 4.84% |
|---|---|---|---|
| Beta | 0.42% | 0.58% | 0.39% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.28% | 0.46% | 0.32% |
| Sharpe | -0.53% | -0.15% | -0.04% |
| Sortino | -0.62% | -0.36% | -0.44% |
| Treynor | -0.07% | -0.02% | -0.01% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.25% | 5.48% | 6.09% | 4.84% |
| Beta | 0.54% | 0.42% | 0.58% | 0.39% |
| Alpha | 0.01% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.19% | 0.28% | 0.46% | 0.32% |
| Sharpe | 0.61% | -0.53% | -0.15% | -0.04% |
| Sortino | 2.04% | -0.62% | -0.36% | -0.44% |
| Treynor | 0.06% | -0.07% | -0.02% | -0.01% |
| Tax Efficiency | 78.23% | - | - | - |
| Start Date | September 04, 2013 |
|---|---|
| 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 |
|---|---|---|
| PFC100 |
The fund seeks to achieve a positive total return in diverse market environments over time by tactically allocating its assets among a broad range of fixed income securities, including government debt, investment grade corporate debt and high yield debt.
The fund obtains exposure primarily to a portfolio of fixed income securities including government debt, investment grade corporate debt, notes and high yield debt instruments. The fund primarily invests in a portfolio of North American fixed income securities but may also invest globally. The fund also may engage in short selling as permitted by NI 81-102.
| Name | Start Date |
|---|---|
| Purpose Investments Inc. | 09-04-2013 |
| Neuberger Berman Breton Hill ULC | 12-10-2020 |
| 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 | Yes |
| SWP Min Balance | 15,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.47% |
|---|---|
| Management Fee | 0.95% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
Join Fund Library now and get free access to personalized features to help you manage your investments.
Fund Library
