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Purpose Tactical Asset Allocation Fund Series A
Tactical Balanced
Click for more information on Fundata’s FundGrade
FundGrade C
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FundGrade A+® Rating Recipient
2021, 2020
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|
NAVPS (07-20-2026) |
$17.09 |
|---|---|
| Change |
-$0.06
(-0.36%)
|
As at June 30, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (November 17, 2015): 6.10%
| 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 | 0.86% | 8.02% | 8.76% | 8.76% | 18.25% | 12.03% | 10.94% | 10.10% | 5.66% | 7.24% | 7.14% | 7.00% | 6.71% | 6.65% |
| Benchmark | 2.26% | 10.26% | 9.92% | 9.92% | 17.43% | 15.00% | 14.69% | 13.77% | 7.96% | 8.39% | 8.32% | 7.94% | 7.96% | 8.11% |
| Category Average | 0.74% | 6.06% | 7.16% | 7.16% | 13.72% | 11.93% | 11.12% | 10.10% | 5.93% | 7.45% | 6.44% | 5.93% | 5.62% | 5.74% |
| Category Rank | 197 / 329 | 110 / 329 | 124 / 326 | 124 / 326 | 85 / 324 | 185 / 318 | 196 / 314 | 168 / 294 | 194 / 288 | 175 / 278 | 115 / 270 | 99 / 249 | 104 / 234 | 103 / 225 |
| Quartile Ranking | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.86% | 1.65% | 3.96% | 0.64% | 0.70% | -0.33% | -0.19% | 2.58% | -1.65% | 2.99% | 3.99% | 0.86% |
| Benchmark | 1.48% | 1.44% | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% | 2.26% |
Best Monthly Return Since Inception
6.75% (April 2020)
Worst Monthly Return Since Inception
-5.24% (June 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.36% | 3.24% | -2.38% | 12.45% | 12.21% | 9.31% | -8.81% | 7.94% | 10.00% | 10.51% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.78% | 6.18% | -5.55% | 12.58% | 5.65% | 9.53% | -9.83% | 8.35% | 11.73% | 10.14% |
| Quartile Ranking | 3 | 4 | 2 | 3 | 1 | 3 | 2 | 3 | 3 | 2 |
| Category Rank | 124/ 176 | 206/ 228 | 64/ 242 | 163/ 258 | 28/ 277 | 193/ 279 | 131/ 293 | 171/ 313 | 233/ 315 | 125/ 318 |
Best Calendar Return (Last 10 years)
12.45% (2019)
Worst Calendar Return (Last 10 years)
-8.81% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 40.64 |
| Foreign Corporate Bonds | 31.81 |
| Canadian Government Bonds | 11.74 |
| US Equity | 7.08 |
| Canadian Corporate Bonds | 5.61 |
| Other | 3.12 |
Sector Allocation
| Name | Percent |
|---|---|
| Exchange Traded Fund | 31.56 |
| Fixed Income | 17.73 |
| Financial Services | 17.22 |
| Basic Materials | 6.66 |
| Technology | 6.48 |
| Other | 20.35 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.42 |
| Europe | 0.27 |
| Latin America | 0.13 |
| Asia | 0.06 |
| Multi-National | 0.01 |
| Other | 0.11 |
Top Holdings
| Name | Percent |
|---|---|
| Vanguard Short-Term Bond Index ETF (BSV) | 31.56 |
| Mackenzie Canadian Equity Index ETF (QCN) | 21.01 |
| Global X S&P/TSX 60 Index ETF (CNDX) | 20.20 |
| Vanguard Canadian Short-Term Bond Index ETF (VSB) | 17.78 |
| SPDR S&P 500 ETF Trust (SPY) | 7.22 |
| Cash and Cash Equivalents | 1.12 |
| United States Dollar | 1.10 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose Tactical Asset Allocation Fund Series A
Median
Other - Tactical Balanced
3 Yr Annualized
| Standard Deviation | 6.38% | 7.14% | 6.72% |
|---|---|---|---|
| Beta | 0.81 | 0.77 | 0.78 |
| Alpha | -0.01 | 0.00 | 0.00 |
| Rsquared | 0.79% | 0.80% | 0.72% |
| Sharpe | 1.11 | 0.40 | 0.71 |
| Sortino | 2.24 | 0.57 | 0.87 |
| Treynor | 0.09 | 0.04 | 0.06 |
| Tax Efficiency | 92.60% | 91.13% | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.06% | 6.38% | 7.14% | 6.72% |
| Beta | 0.74 | 0.81 | 0.77 | 0.78 |
| Alpha | 0.05 | -0.01 | 0.00 | 0.00 |
| Rsquared | 0.81% | 0.79% | 0.80% | 0.72% |
| Sharpe | 2.43 | 1.11 | 0.40 | 0.71 |
| Sortino | 6.90 | 2.24 | 0.57 | 0.87 |
| Treynor | 0.20 | 0.09 | 0.04 | 0.06 |
| Tax Efficiency | 93.76% | 92.60% | 91.13% | - |
Fund Details
| Start Date | November 17, 2015 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $97 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC3900 |
Investment Objectives
The fund seeks to provide long-term capital appreciation with lower volatility and correlation to the overall equity markets by investing in ETFs that are listed on North American exchanges and that represent North American equities, bonds and cash, using a tactical approach. The fund’s tactical investment approach can allocate the portfolio to equities, bonds and cash to achieve its objectives.
Investment Strategy
The portfolio manager will employ a proprietary, quantitatively driven investment process which drives its asset allocation decisions. The fund’s quantitative approach provides signals to the portfolio management team to increase equity exposure in up-markets and increase bond exposure in down-markets, in an effort to generate returns and also to avoid significant market declines.
Portfolio Management
| Portfolio Manager |
Purpose Investments Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Purpose Investments Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Mellon Global Securities Services Company |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.00% |
|---|---|
| Management Fee | 1.75% |
| Load | Back 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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