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High Yield Fixed Income
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|
NAVPS (06-14-2024) |
$15.49 |
|---|---|
| Change |
-$0.05
(-0.31%)
|
As at May 31, 2024
As at May 31, 2024
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Inception Return (September 04, 2013): 1.39%
| 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 | 1.08% | 0.59% | 2.70% | 0.56% | 4.28% | 1.03% | -0.70% | 0.55% | 0.84% | 1.00% | 0.43% | 1.23% | 0.86% | 0.93% |
| Benchmark | 0.00% | 1.38% | 5.64% | 4.71% | 11.59% | 9.36% | 3.70% | 3.44% | 3.27% | 4.18% | 3.35% | 4.92% | 4.94% | 5.70% |
| Category Average | 1.17% | 4.82% | 4.82% | 1.87% | 8.15% | 3.69% | 0.34% | 3.15% | 2.38% | 2.48% | 2.28% | 3.12% | 2.55% | 2.48% |
| Category Rank | 141 / 295 | 261 / 295 | 277 / 295 | 269 / 295 | 272 / 289 | 273 / 286 | 242 / 277 | 252 / 270 | 244 / 263 | 228 / 244 | 218 / 234 | 202 / 217 | 184 / 188 | 176 / 176 |
| Quartile Ranking | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.30% | 0.04% | 0.03% | -1.13% | -0.80% | 3.75% | 2.13% | -0.02% | -0.01% | 0.96% | -1.44% | 1.08% |
| Benchmark | -0.73% | 1.08% | 2.51% | -1.32% | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% |
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 | 113/ 169 | 77/ 181 | 178/ 197 | 196/ 225 | 184/ 236 | 228/ 261 | 92/ 269 | 247/ 271 | 51/ 280 | 272/ 289 |
7.03% (2016)
-6.74% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 72.93 |
| Cash and Equivalents | 14.50 |
| Canadian Corporate Bonds | 5.26 |
| Foreign Government Bonds | 3.11 |
| Canadian Government Bonds | 2.21 |
| Other | 1.99 |
| Name | Percent |
|---|---|
| Fixed Income | 85.35 |
| Exchange Traded Fund | 11.48 |
| Cash and Cash Equivalent | 3.03 |
| Financial Services | 0.05 |
| Other | 0.09 |
| Name | Percent |
|---|---|
| North America | 95.31 |
| Europe | 2.25 |
| Latin America | 0.92 |
| Africa and Middle East | 0.36 |
| Multi-National | 0.13 |
| Other | 1.03 |
| Name | Percent |
|---|---|
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 65.86 |
| Purpose Global Bond Fund ETF (BND) | 15.10 |
| Purpose Cash Management Fund ETF - Closed | 11.48 |
| BMO Mid Corporate Bond Index ETF (ZCM) | 5.42 |
| BMO Mid Federal Bond Index ETF (ZFM) | 1.85 |
| Cash and Cash Equivalents | 0.16 |
| Canadian Dollar | 0.09 |
| United States Dollar | 0.03 |
Purpose Total Return Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.30% | 6.04% | 4.83% |
|---|---|---|---|
| Beta | 0.39% | 0.57% | 0.39% |
| Alpha | -0.02% | -0.01% | -0.01% |
| Rsquared | 0.27% | 0.45% | 0.31% |
| Sharpe | -0.65% | -0.17% | -0.08% |
| Sortino | -0.83% | -0.41% | -0.51% |
| Treynor | -0.09% | -0.02% | -0.01% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.03% | 5.30% | 6.04% | 4.83% |
| Beta | 0.50% | 0.39% | 0.57% | 0.39% |
| Alpha | -0.01% | -0.02% | -0.01% | -0.01% |
| Rsquared | 0.16% | 0.27% | 0.45% | 0.31% |
| Sharpe | -0.10% | -0.65% | -0.17% | -0.08% |
| Sortino | 0.52% | -0.83% | -0.41% | -0.51% |
| Treynor | -0.01% | -0.09% | -0.02% | -0.01% |
| Tax Efficiency | 58.91% | - | - | - |
| 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) | - |
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