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Purpose Monthly Income Fund Series A

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Global Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(06-14-2024) 		$14.95
Change
-$0.04 (-0.30%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

Purpose Monthly Income Fund Series A

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Fund Returns

Inception Return (September 06, 2013): 3.00%

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 1.69% 2.45% 5.91% 3.02% 8.61% 2.69% 2.39% 5.13% 3.83% 3.45% 2.70% 3.07% 2.54% 2.29%
Benchmark 1.73% 1.94% 8.09% 5.92% 12.59% 9.18% 3.91% 4.98% 5.61% 5.55% 5.21% 6.18% 6.05% 6.97%
Category Average 2.20% 7.71% 7.71% 4.67% 11.08% 5.85% 2.49% 5.52% 4.86% 4.50% 4.19% 4.85% 4.14% 4.56%
Category Rank 1,447 / 1,716 729 / 1,705 1,516 / 1,705 1,513 / 1,705 1,432 / 1,659 1,553 / 1,602 903 / 1,443 771 / 1,329 997 / 1,277 917 / 1,152 919 / 1,047 878 / 943 779 / 820 707 / 714
Quartile Ranking 4 2 4 4 4 4 3 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.63% 1.18% -1.19% -1.77% -0.93% 3.70% 2.81% -0.38% 0.94% 2.40% -1.62% 1.69%
Benchmark 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73%

Best Monthly Return Since Inception

5.76% (April 2020)

Worst Monthly Return Since Inception

-10.01% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 3.57% -5.49% 10.11% 2.29% -5.06% 10.11% 2.22% 8.60% -3.69% 4.61%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking 4 4 1 4 4 4 4 3 1 4
Category Rank 660/ 668 787/ 792 36/ 897 956/ 983 925/ 1,126 1,098/ 1,229 1,231/ 1,311 768/ 1,395 48/ 1,534 1,618/ 1,653

Best Calendar Return (Last 10 years)

10.11% (2016)

Worst Calendar Return (Last 10 years)

-5.49% (2015)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 30.55
Canadian Equity 18.59
US Equity 17.57
International Equity 12.82
Cash and Equivalents 6.66
Other 13.81

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 41.54
Energy 8.95
Financial Services 8.93
Basic Materials 8.72
Consumer Goods 4.24
Other 27.62

Geographic Allocation

Geographic Allocation
Name Percent
North America 79.65
Europe 9.31
Asia 4.56
Latin America 2.24
Africa and Middle East 0.48
Other 3.76

Top Holdings

Top Holdings
Name Percent
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 22.96
Purpose Global Bond Fund ETF (BND) 15.18
Purpose International Dividend Fund ETF (PID) 7.78
BMO Mid Corporate Bond Index ETF (ZCM) 5.47
Purpose Gold Bullion Fund ETF N-C Hgd (KILO.B) 2.73
Purpose Emerging Markets Dividend Fund ETF (REM) 2.07
Purpose Premium Yield Fund ETF (PYF) 2.02
Purpose Cash Management Fund ETF - Closed 1.53
Exxon Mobil Corp 1.38
Nutrien Ltd 1.37

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Purpose Monthly Income Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 7.44% 8.43% 6.92%
Beta 0.65% 0.81% 0.56%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.63% 0.59% 0.39%
Sharpe -0.03% 0.25% 0.15%
Sortino -0.07% 0.17% -0.09%
Treynor 0.00% 0.03% 0.02%
Tax Efficiency - 38.34% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.39% 7.44% 8.43% 6.92%
Beta 0.69% 0.65% 0.81% 0.56%
Alpha 0.00% 0.00% -0.01% -0.01%
Rsquared 0.67% 0.63% 0.59% 0.39%
Sharpe 0.57% -0.03% 0.25% 0.15%
Sortino 1.62% -0.07% 0.17% -0.09%
Treynor 0.05% 0.00% 0.03% 0.02%
Tax Efficiency 71.07% - 38.34% -

Fund Details

Start Date September 06, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Partially Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC200

Investment Objectives

The fund seeks to (i) maximize total return, consisting of dividend income and capital appreciation by tactically investing in a broad range of asset classes which may include equity, fixed income and inflation sensitive securities and cash; and (ii) provide shareholders with stable monthly distributions.

Investment Strategy

The fund is tactically managed across a broad range of asset classes including equities, fixed income, inflation sensitive securities and cash based on a risk-parity weighting methodology, with the goal of achieving a positive total return in diverse market environments while reducing portfolio risk.

Portfolio Manager(s)

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

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 1.71%
Management Fee 1.55%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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