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Purpose Canadian Preferred Share Fund Series A

Preferred Sh Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade E

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

Click for more information on Fundata’s FundGrade

NAVPS
(06-21-2024)
$8.32
Change
$0.03 (0.37%)

As at May 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Purpose Canadian Preferred Share Fund Series A

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Fund Returns

Inception Return (October 22, 2004): 5.75%

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 1.67% 7.53% 15.48% 14.87% 27.43% 1.49% 1.02% 14.23% 7.18% 2.39% 3.02% 4.45% 4.29% 4.24%
Benchmark 2.94% 7.81% 15.16% 14.22% 22.33% 2.05% 1.07% 10.10% 5.74% 2.96% 3.65% 5.10% 3.05% 2.42%
Category Average 2.42% 13.41% 13.41% 12.03% 20.99% 2.64% 1.09% 10.07% 5.58% 2.99% 3.41% 4.95% 3.31% 2.87%
Category Rank 61 / 71 35 / 71 33 / 71 29 / 71 13 / 70 63 / 69 52 / 69 10 / 64 20 / 63 41 / 57 38 / 54 32 / 40 9 / 25 6 / 23
Quartile Ranking 4 2 2 2 1 4 4 1 2 3 3 4 2 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 2.74% 2.31% -3.91% 2.40% -1.99% 8.86% 0.53% 5.72% 1.05% 3.36% 2.32% 1.67%
Benchmark 1.28% 1.45% -4.21% 1.44% -2.80% 9.47% 0.82% 5.81% 0.13% 3.47% 1.22% 2.94%

Best Monthly Return Since Inception

10.92% (April 2020)

Worst Monthly Return Since Inception

-22.15% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.54% 7.07% 10.45% 12.15% -14.36% 0.10% 5.11% 29.81% -20.33% 7.95%
Benchmark 6.82% -14.95% 6.98% 13.62% -7.93% 3.48% 6.16% 19.35% -18.08% 5.90%
Category Average 7.19% -11.52% 8.78% 12.66% -8.25% 4.17% 5.25% 19.63% -16.73% 6.27%
Quartile Ranking 4 1 1 3 4 4 3 1 4 1
Category Rank 18/ 23 2/ 25 5/ 35 29/ 42 55/ 55 56/ 59 48/ 64 5/ 69 69/ 69 15/ 70

Best Calendar Return (Last 10 years)

29.81% (2021)

Worst Calendar Return (Last 10 years)

-20.33% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 82.93
Cash and Equivalents 11.65
Canadian Corporate Bonds 2.17
International Equity 1.61
Foreign Corporate Bonds 1.03
Other 0.61

Sector Allocation

Sector Allocation
Name Percent
Financial Services 40.94
Energy 25.32
Utilities 16.79
Cash and Cash Equivalent 11.65
Fixed Income 2.52
Other 2.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.42
Latin America 1.61
Other -0.03

Top Holdings

Top Holdings
Name Percent
Cenovus Energy Inc - Pfd Sr 3 4.73
Toronto-Dominion Bank - Pfd Cl B Sr 3 4.57
Royal Bank of Canada - Pfd Sr AZ 3.84
TransAlta Corp - Pfd Sr E 3.18
Toronto-Dominion Bank - Pfd Cl A Sr 1 3.09
Canada Government 0.00% 06-Jun-2024 3.09
Canada Government 0.00% 20-Jun-2024 2.93
Bank of Montreal - Pfd Sr 27 2.81
Cenovus Energy Inc - Pfd Sr 1 2.47
AltaGas Ltd - Pfd Sr G 2.39

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Canadian Preferred Share Fund Series A

Median

Other - Preferred Sh Fixed Income

3 Yr Annualized

Standard Deviation 12.54% 17.39% 14.06%
Beta 1.01% 1.09% 0.97%
Alpha 0.00% 0.01% 0.02%
Rsquared 0.95% 0.95% 0.81%
Sharpe -0.09% 0.37% 0.27%
Sortino -0.13% 0.43% 0.21%
Treynor -0.01% 0.06% 0.04%
Tax Efficiency - 67.30% 46.86%
Volatility Volatility rating is 6 on a scale of 1 to 10 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 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.32% 12.54% 17.39% 14.06%
Beta 0.89% 1.01% 1.09% 0.97%
Alpha 0.06% 0.00% 0.01% 0.02%
Rsquared 0.95% 0.95% 0.95% 0.81%
Sharpe 1.79% -0.09% 0.37% 0.27%
Sortino 4.67% -0.13% 0.43% 0.21%
Treynor 0.23% -0.01% 0.06% 0.04%
Tax Efficiency 90.36% - 67.30% 46.86%

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 22, 2004
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC1900

Investment Objectives

The fund seeks to provide a consistent stream of income with potential for capital appreciation by investing in Canadian income producing securities and Canadian equities.

Investment Strategy

The fund will invest in Canadian preferred securities, with a focus on preferred securities; dividend paying Canadian equities; income and royalty trusts; ETFs; and fixed-income investments, with a view to consistent interest or distribution payments. Investments in floating rate preferred securities will be of Canadian issuers whose debt, at a minimum, has an investment grade rating at the time of purchase.

Portfolio Manager(s)

Name Start Date
Purpose Investment Partners Inc. 06-18-2018
Purpose Investments Inc. 06-18-2018

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 No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.72%
Management Fee 1.50%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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