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Purpose Real Estate Income Fund Series A

Real Estate Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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

Fundata ESG Grade C

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NAVPS
(04-17-2024)
$16.10
Change
-$0.12 (-0.72%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Purpose Real Estate Income Fund Series A

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Fund Returns

Inception Return (April 29, 2014): 2.84%

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 0.42% 1.00% 10.90% 1.00% 0.92% -9.40% 0.80% 6.57% 1.08% 3.80% 2.31% 2.60% 1.85% -
Benchmark 2.80% 0.06% 14.73% 0.06% 8.93% -3.29% 3.38% 7.36% 1.37% 3.87% 3.14% 3.10% 3.30% 6.15%
Category Average 2.10% 12.36% 12.36% 0.79% 4.81% -5.98% 1.05% 5.52% 1.26% 3.30% 3.15% 3.14% 2.89% 4.90%
Category Rank 128 / 138 77 / 138 117 / 138 77 / 138 119 / 133 127 / 131 84 / 123 31 / 117 69 / 115 50 / 99 81 / 94 70 / 93 73 / 81 -
Quartile Ranking 4 3 4 3 4 4 3 2 3 3 4 4 4 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.08% -3.02% 1.22% 0.35% -2.93% -4.90% -4.49% 6.78% 7.67% 0.28% 0.30% 0.42%
Benchmark 2.01% -3.76% 0.71% 3.22% -0.62% -6.39% -2.07% 8.53% 7.88% -3.79% 1.17% 2.80%

Best Monthly Return Since Inception

9.25% (January 2023)

Worst Monthly Return Since Inception

-20.67% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -5.95% 12.86% -3.78% 0.07% 22.25% -8.91% 36.12% -22.06% 2.44%
Benchmark 30.89% 21.00% 1.59% 1.40% 2.74% 15.42% -11.04% 30.68% -19.44% 10.39%
Category Average 20.48% 11.96% 1.20% 5.38% 0.16% 19.52% -6.93% 27.77% -21.53% 6.48%
Quartile Ranking - 4 1 4 3 1 4 1 3 4
Category Rank - 79/ 79 12/ 93 93/ 94 68/ 99 20/ 107 106/ 117 5/ 123 65/ 123 118/ 133

Best Calendar Return (Last 10 years)

36.12% (2021)

Worst Calendar Return (Last 10 years)

-22.06% (2022)

Asset Allocation

Asset Allocation
Name Percent
Income Trust Units 59.16
US Equity 26.12
Canadian Equity 12.39
Cash and Equivalents 2.00
Other 0.33

Sector Allocation

Sector Allocation
Name Percent
Real Estate 86.56
Healthcare 7.37
Exchange Traded Fund 1.09
Cash and Cash Equivalent 0.92
Industrial Services 0.79
Other 3.27

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.68
Multi-National 0.32

Top Holdings

Top Holdings
Name Percent
Flagship Communities REIT - Units 6.26
InterRent REIT - Units 5.71
Killam Apartment REIT - Units Cl A 4.62
Chartwell Retirement Residences - Units 4.30
Granite REIT - Units 4.12
Dream Industrial REIT - Units 3.93
Prologis Inc 3.92
BSR REIT - Units 3.65
Canadian Apartment Properties REIT - Units 3.58
Nexus Industrial REIT - Units 3.53

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 Real Estate Income Fund Series A

Median

Other - Real Estate Equity

3 Yr Annualized

Standard Deviation 16.54% 17.06% -
Beta 0.92% 0.95% -
Alpha -0.02% 0.00% -
Rsquared 0.86% 0.88% -
Sharpe -0.03% 0.04% -
Sortino -0.08% -0.03% -
Treynor -0.01% 0.01% -
Tax Efficiency - - -
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 -

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.56% 16.54% 17.06% -
Beta 0.77% 0.92% 0.95% -
Alpha -0.06% -0.02% 0.00% -
Rsquared 0.79% 0.86% 0.88% -
Sharpe -0.22% -0.03% 0.04% -
Sortino -0.15% -0.08% -0.03% -
Treynor -0.04% -0.01% 0.01% -
Tax Efficiency - - - -

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 April 29, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC800

Investment Objectives

The fund seeks to (i) provide shareholders with long-term capital appreciation by investing in a portfolio of real estate focused equity securities listed on major North American exchanges and (ii) reduce the risk of rising interest rates associated with real estate equity securities by tactically hedging the duration of the portfolio.

Investment Strategy

The fund uses an active, fundamental approach to investing in real estate equities. The fund will also employ technical analysis to assist in security selection drawing on macroeconomic factors and trends in addition to company-specific growth, equity and value factors. The fund may invest in underlying funds to achieve its investment objectives.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 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, Chartered Accountants

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 1.93%
Management Fee 1.65%
Load Front 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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