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Cdn Small/Mid Cap Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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

Fundata ESG Grade D

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NAVPS
(04-15-2024)
$6.84
Change
-$0.03 (-0.38%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Purpose Canadian Income Growth Fund Series A

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Fund Returns

Inception Return (March 29, 2011): 3.58%

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 1.42% 0.53% -2.51% 0.81% -1.97% -9.65% -2.80% 6.52% -1.70% -0.71% 1.04% 2.40% 1.43% 2.24%
Benchmark 7.49% 7.92% 14.37% 7.92% 8.22% -2.72% 3.99% 22.48% 7.82% 6.15% 4.23% 7.10% 5.60% 3.95%
Category Average 2.60% 14.10% 14.10% 6.51% 10.12% 0.73% 4.35% 17.73% 7.77% 6.08% 4.99% 6.38% 4.84% 4.30%
Category Rank 184 / 217 214 / 214 211 / 213 214 / 214 211 / 213 209 / 211 185 / 201 191 / 193 183 / 185 175 / 177 163 / 167 165 / 165 138 / 141 125 / 136
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.40% -2.08% 0.05% 1.28% -2.99% -5.46% -2.51% 3.12% 4.81% 0.53% -1.13% 1.42%
Benchmark -1.16% -4.06% 0.59% 6.09% -1.31% -5.24% -2.58% 4.84% 3.76% -0.37% 0.77% 7.49%

Best Monthly Return Since Inception

14.67% (December 2017)

Worst Monthly Return Since Inception

-22.53% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 13.05% -6.45% 13.40% 26.64% -16.45% 11.27% -3.28% 14.28% -11.22% -4.43%
Benchmark -2.34% -13.31% 38.48% 2.75% -18.17% 15.84% 12.87% 20.27% -9.29% 4.79%
Category Average 3.45% -6.13% 18.01% 3.43% -15.15% 16.59% 11.91% 22.35% -11.32% 6.49%
Quartile Ranking 1 3 4 1 3 4 4 4 2 4
Category Rank 25/ 135 102/ 140 123/ 162 7/ 167 113/ 177 178/ 184 186/ 189 194/ 201 94/ 210 210/ 213

Best Calendar Return (Last 10 years)

26.64% (2017)

Worst Calendar Return (Last 10 years)

-16.45% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 63.13
Income Trust Units 26.03
Cash and Equivalents 7.94
Canadian Corporate Bonds 2.91
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 39.44
Energy 12.49
Real Estate 9.49
Cash and Cash Equivalent 7.93
Basic Materials 7.43
Other 23.22

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 7.69
Bank of Nova Scotia 7.28
Bank of Montreal 6.34
Dri Healthcare Trust - Units 6.25
Manulife Financial Corp 5.99
Alaris Equity Partners Income Trust - Units 5.53
Diversified Royalty Corp 5.33
Chartwell Retirement Residences - Units 4.76
Great-West Lifeco Inc 4.71
Power Corp of Canada 4.26

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 Canadian Income Growth Fund Series A

Median

Other - Cdn Small/Mid Cap Equity

3 Yr Annualized

Standard Deviation 10.44% 15.12% 13.25%
Beta 0.51% 0.53% 0.48%
Alpha -0.05% -0.06% 0.00%
Rsquared 0.65% 0.75% 0.53%
Sharpe -0.47% -0.16% 0.13%
Sortino -0.61% -0.28% 0.01%
Treynor -0.10% -0.05% 0.04%
Tax Efficiency - - 2.22%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.87% 10.44% 15.12% 13.25%
Beta 0.55% 0.51% 0.53% 0.48%
Alpha -0.06% -0.05% -0.06% 0.00%
Rsquared 0.60% 0.65% 0.75% 0.53%
Sharpe -0.64% -0.47% -0.16% 0.13%
Sortino -0.60% -0.61% -0.28% 0.01%
Treynor -0.12% -0.10% -0.05% 0.04%
Tax Efficiency - - - 2.22%

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 March 29, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Capped
Currency CAD
Distribution Frequency Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC5300

Investment Objectives

The fund seeks to achieve income and long term capital growth by investing in primarily income oriented equities, income trusts, Canadian convertible and fixed income securities and other Canadian income producing securities.

Investment Strategy

The investment advisor uses a top-down approach to set asset allocation and a bottom-up approach to set individual security selection. The fund has the ability to invest primarily in money market instruments, equities, fixed income securities, convertible securities, mutual funds, ETFs and cash. The investment advisor will seek to identify and select for the fund the best risk return opportunities it finds available across the capitalization spectrum.

Portfolio Manager(s)

Name Start Date
StoneCastle Investment Management Ltd. 07-29-2021

Management and Organization

Fund Manager Purpose Investments Inc.
Advisor StoneCastle Investment Management Ltd.
Custodian CIBC Mellon Trust Company
Registrar CIBC Mellon Global Securities Services Company
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.91%
Management Fee 2.25%
Load Front Fee Only
FE Max 1.00%
DSC Max -
LL Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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