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Purpose International Tactical Hedged Equity Fund Series A

Alternative Equity Focus

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-22-2024)
$16.87
Change
$0.00 (0.00%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Purpose International Tactical Hedged Equity Fund Series A

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Fund Returns

Inception Return (April 21, 2015): 0.59%

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 2.90% 7.02% 8.09% 7.02% 8.66% 6.47% 3.34% 5.44% 1.05% 0.09% 1.08% 2.11% - -
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 2.33% 13.77% 13.77% 8.40% 14.38% 5.99% 5.81% 11.19% - - - - - -
Category Rank 64 / 189 80 / 166 113 / 160 80 / 166 97 / 151 55 / 134 75 / 101 49 / 67 47 / 51 21 / 22 21 / 22 20 / 21 - -
Quartile Ranking 2 2 3 2 3 2 3 3 4 4 4 4 - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.96% -3.20% 0.03% 1.45% 0.78% -1.38% -1.95% 2.87% 0.13% 1.79% 2.17% 2.90%
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

5.93% (November 2020)

Worst Monthly Return Since Inception

-7.93% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - -1.45% 10.31% -4.57% -0.01% -6.60% 8.85% -6.54% 5.27%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - - 4 2 2 4 4 3 3 3
Category Rank - - 20/ 21 6/ 22 9/ 22 41/ 47 60/ 62 71/ 97 73/ 123 96/ 149

Best Calendar Return (Last 10 years)

10.31% (2017)

Worst Calendar Return (Last 10 years)

-6.60% (2020)

Asset Allocation

Asset Allocation
Name Percent
International Equity 98.69
Cash and Equivalents 1.52
US Equity -0.21

Sector Allocation

Sector Allocation
Name Percent
Financial Services 21.16
Consumer Goods 18.09
Healthcare 11.85
Technology 8.95
Industrial Services 7.73
Other 32.22

Geographic Allocation

Geographic Allocation
Name Percent
Europe 70.24
Asia 28.66
North America 1.09
Other 0.01

Top Holdings

Top Holdings
Name Percent
Sap SE 3.13
ASML Holding NV 3.13
Shell PLC 2.93
Novartis AG Cl N 2.37
BHP Group Ltd 2.33
Toyota Motor Corp 2.04
Nestle SA Cl N 1.97
UniCredit SpA 1.93
Sanofi SA 1.84
Banco Bilbao Vizcaya Argentaria SA 1.80

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose International Tactical Hedged Equity Fund Series A

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 6.44% 7.95% -
Beta 0.20% 0.34% -
Alpha 0.02% -0.02% -
Rsquared 0.17% 0.44% -
Sharpe 0.14% -0.07% -
Sortino 0.11% -0.26% -
Treynor 0.04% -0.02% -
Tax Efficiency 70.05% - -
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 7.08% 6.44% 7.95% -
Beta 0.45% 0.20% 0.34% -
Alpha 0.02% 0.02% -0.02% -
Rsquared 0.65% 0.17% 0.44% -
Sharpe 0.54% 0.14% -0.07% -
Sortino 1.26% 0.11% -0.26% -
Treynor 0.09% 0.04% -0.02% -
Tax Efficiency 87.16% 70.05% - -

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 21, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC1600

Investment Objectives

The fund seeks to provide shareholders with (i) consistent long-term capital appreciation with an attractive risk-adjusted rate of return investing in a portfolio of international listed equities; and (ii) provide less volatility and low correlation to international equity markets by hedging the fund’s exposure to overall market risk.

Investment Strategy

The fund will use a multi-factor, fundamental rules-based portfolio selection strategy to select long portfolio securities from a universe of listed equities of international issuers excluding the United States and Canada. The selection strategy will emphasize factors that have shown to be effective at differentiating between strong and weak performing stocks including: fundamental change, valuation, growth and quality.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 04-22-2015
Neuberger Berman Breton Hill ULC 08-04-2021

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 2.08%
Management Fee 1.80%
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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