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Purpose Multi-Strategy Market Neutral Fund Class A

Alternative Market Neutrl

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-22-2024)
$19.94
Change
$0.06 (0.29%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Purpose Multi-Strategy Market Neutral Fund Class A

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Fund Returns

Inception Return (October 14, 2014): 0.50%

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 2.83% 7.82% 9.93% 7.82% 12.12% 6.15% 3.66% 3.49% -1.63% -1.38% -0.44% 0.35% -0.32% -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 1.10% 4.60% 4.60% 3.73% 7.21% 3.35% 0.05% 1.49% - - - - - -
Category Rank 3 / 24 3 / 23 3 / 23 3 / 23 3 / 23 5 / 23 12 / 19 10 / 12 - - - - - -
Quartile Ranking 1 1 1 1 1 1 3 4 - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.32% -0.24% 2.01% -0.97% 1.57% -1.66% 0.59% 0.93% 0.43% 2.07% 2.73% 2.83%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

3.27% (November 2015)

Worst Monthly Return Since Inception

-10.65% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 1.11% 2.50% 5.68% -3.27% 0.03% -15.22% 4.26% -4.27% 4.72%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - -3.57% -6.24% -1.79% 4.02%
Quartile Ranking - - - - - - 4 2 4 2
Category Rank - - - - - - 12/ 12 8/ 19 21/ 23 8/ 23

Best Calendar Return (Last 10 years)

5.68% (2017)

Worst Calendar Return (Last 10 years)

-15.22% (2020)

Asset Allocation

Asset Allocation
Name Percent
US Equity 40.80
Cash and Equivalents 30.66
International Equity 13.11
Foreign Corporate Bonds 7.69
Foreign Government Bonds 7.22
Other 0.52

Sector Allocation

Sector Allocation
Name Percent
Exchange Traded Fund 24.79
Technology 15.90
Fixed Income 14.90
Financial Services 6.53
Healthcare 6.22
Other 31.66

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.58
Europe 10.57
Asia 3.51
Latin America 2.92
Africa and Middle East 2.15
Other 0.27

Top Holdings

Top Holdings
Name Percent
Purpose Tactical Hedged Equity Fund ETF NCH(PHE.B) 43.43
Purpose Cash Management Fund ETF - Closed 24.79
Purpose International Tactical Hgd Eq Fd ETF (PHW) 10.60
iShares JPMorgan USD EM Bond ETF (EMB) 7.47
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 7.45
Cash and Cash Equivalents 4.46
Margin - US Dollar 1.14
Cash and Cash Equivalents 1.03
Canadian Dollar - Margin 1.00
Margin - Pound Sterling 0.62

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Purpose Multi-Strategy Market Neutral Fund Class A

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 5.63% 8.01% -
Beta 0.19% 0.34% -
Alpha 0.02% -0.05% -
Rsquared 0.20% 0.43% -
Sharpe 0.20% -0.41% -
Sortino 0.18% -0.60% -
Treynor 0.06% -0.10% -
Tax Efficiency 100.00% - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.89% 5.63% 8.01% -
Beta 0.16% 0.19% 0.34% -
Alpha 0.09% 0.02% -0.05% -
Rsquared 0.17% 0.20% 0.43% -
Sharpe 1.40% 0.20% -0.41% -
Sortino 3.71% 0.18% -0.60% -
Treynor 0.43% 0.06% -0.10% -
Tax Efficiency 100.00% 100.00% - -

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 October 14, 2014
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC1400

Investment Objectives

The fund seeks to provide unitholders with positive absolute returns that are not correlated to the broader securities markets. The fund will utilize a multi-strategy approach by allocating its assets across various asset classes including equities, currencies and commodities. The aggregate gross exposure of the fund shall not exceed the limits on the use of leverage or as otherwise permitted under applicable securities legislation.

Investment Strategy

The fund seeks to achieve its investment objectives by investing in long and short positions across multiple asset classes, which may include, but are not limited to, equity securities, fixed income securities, commodities and currencies. Positions are chosen by the investment advisor based on an analysis of technical trends and fundamental outperformance factors that are tailored to each asset class.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 09-30-2014
Neuberger Berman Canada ULC 08-26-2022

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 5,000
SWP Min Withdrawal 100

Fees

MER 2.25%
Management Fee 1.95%
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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