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Purpose Tactical Asset Allocation Fund Series A

Tactical Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(04-17-2024)
$14.29
Change
-$0.04 (-0.27%)

As at March 31, 2024

As at March 31, 2024

Period
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Purpose Tactical Asset Allocation Fund Series A

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Fund Returns

Inception Return (November 17, 2015): 4.86%

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 2.61% 4.85% 10.52% 4.85% 9.91% 3.34% 3.09% 7.06% 5.59% 5.82% 4.99% 5.21% - -
Benchmark 1.80% 5.77% 13.57% 5.77% 12.38% 6.05% 3.87% 6.63% 5.64% 5.56% 5.88% 6.44% 5.97% 7.01%
Category Average 1.99% 11.45% 11.45% 4.38% 9.40% 2.80% 3.17% 7.29% 4.50% 4.05% 3.79% 4.45% 3.50% 3.87%
Category Rank 58 / 358 163 / 358 212 / 358 163 / 358 167 / 356 136 / 356 211 / 342 183 / 334 97 / 317 82 / 299 98 / 274 111 / 242 - -
Quartile Ranking 1 2 3 2 2 2 3 3 2 2 2 2 - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.03% -0.75% 1.24% 1.64% -1.22% -2.43% -0.74% 3.86% 2.24% 0.28% 1.90% 2.61%
Benchmark 1.29% -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80%

Best Monthly Return Since Inception

6.75% (April 2020)

Worst Monthly Return Since Inception

-5.24% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 4.36% 3.24% -2.38% 12.45% 12.21% 9.31% -8.81% 7.94%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 6.78% 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35%
Quartile Ranking - - 3 4 2 3 1 3 2 3
Category Rank - - 138/ 210 240/ 274 91/ 296 180/ 312 32/ 332 220/ 336 134/ 355 204/ 356

Best Calendar Return (Last 10 years)

12.45% (2019)

Worst Calendar Return (Last 10 years)

-8.81% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 53.41
US Equity 33.92
Foreign Corporate Bonds 6.66
Canadian Government Bonds 2.00
Income Trust Units 1.35
Other 2.66

Sector Allocation

Sector Allocation
Name Percent
Exchange Traded Fund 30.55
Financial Services 17.20
Technology 10.88
Energy 9.41
Basic Materials 6.80
Other 25.16

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.99
Latin America 0.54
Europe 0.34
Asia 0.11
Other 0.02

Top Holdings

Top Holdings
Name Percent
iShares Core S&P/TSX Capped Composit Idx ETF (XIC) 54.90
Vanguard Total Stock Market Index ETF (VTI) 23.91
Invesco QQQ ETF (QQQ) 10.37
Vanguard Short-Term Bond Index ETF (BSV) 6.64
Vanguard Canadian Short-Term Bond Index ETF (VSB) 3.08
Purpose USD Cash Management Fund Class A 0.52
Cash and Cash Equivalents 0.39
United States Dollar 0.18

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 Tactical Asset Allocation Fund Series A

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 7.56% 7.69% -
Beta 0.75% 0.82% -
Alpha 0.00% 0.01% -
Rsquared 0.80% 0.75% -
Sharpe 0.09% 0.50% -
Sortino 0.06% 0.55% -
Treynor 0.01% 0.05% -
Tax Efficiency 97.90% 99.23% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.30% 7.56% 7.69% -
Beta 0.76% 0.75% 0.82% -
Alpha 0.01% 0.00% 0.01% -
Rsquared 0.81% 0.80% 0.75% -
Sharpe 0.78% 0.09% 0.50% -
Sortino 1.98% 0.06% 0.55% -
Treynor 0.07% 0.01% 0.05% -
Tax Efficiency 100.00% 97.90% 99.23% -

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) -

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 Manager(s)

Name Start Date
Purpose Investments Inc. 04-14-2022

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

Investment Minimums

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

Fees

MER 2.01%
Management Fee 1.75%
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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