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Purpose Core Equity Income Fund Series A

Canadian Div & Inc Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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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
(05-23-2024)
$12.74
Change
-$0.11 (-0.88%)

As at April 30, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Purpose Core Equity Income Fund Series A

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Fund Returns

Inception Return (November 17, 2015): 7.01%

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 -0.87% 2.91% 13.08% 4.07% 5.21% 4.20% 6.74% 11.48% 7.66% 7.13% 6.33% 7.56% - -
Benchmark -1.82% 4.10% 16.91% 4.68% 8.73% 5.66% 7.59% 13.51% 8.86% 8.98% 8.12% 8.95% 7.25% 7.22%
Category Average -2.46% 13.80% 13.80% 2.75% 4.32% 2.34% 6.15% 11.60% 6.61% 6.96% 6.02% 7.02% 5.79% 5.72%
Category Rank 14 / 457 199 / 454 307 / 449 98 / 449 240 / 444 103 / 433 194 / 407 253 / 392 134 / 384 210 / 356 180 / 337 142 / 313 - -
Quartile Ranking 1 2 3 1 3 1 2 3 2 3 3 2 - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -4.92% 2.26% 2.23% -2.34% -3.08% -1.10% 5.46% 3.03% 1.12% 0.64% 3.15% -0.87%
Benchmark -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82%

Best Monthly Return Since Inception

11.02% (November 2020)

Worst Monthly Return Since Inception

-13.00% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 15.38% 6.59% -8.50% 16.34% 3.40% 22.09% -2.23% 8.34%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 8.23% -6.21% 17.48% 7.25% -7.75% 18.42% -1.18% 26.41% -3.72% 7.17%
Quartile Ranking - - 3 3 3 4 1 4 2 2
Category Rank - - 200/ 299 214/ 330 230/ 355 293/ 377 59/ 392 379/ 404 190/ 427 161/ 438

Best Calendar Return (Last 10 years)

22.09% (2021)

Worst Calendar Return (Last 10 years)

-8.50% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 65.85
US Equity 16.92
International Equity 6.68
Cash and Equivalents 6.40
Income Trust Units 4.15

Sector Allocation

Sector Allocation
Name Percent
Financial Services 16.67
Energy 15.92
Healthcare 12.97
Basic Materials 9.78
Consumer Goods 7.76
Other 36.90

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.32
Europe 6.68

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 4.84
TC Energy Corp 4.34
Barrick Gold Corp 4.27
ARC Resources Ltd 4.14
Procter & Gamble Co 4.08
Telus Corp 4.00
Bank of Nova Scotia 3.97
Finning International Inc 3.63
AstraZeneca PLC - ADR 3.60
Emera Inc 3.60

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 Core Equity Income Fund Series A

Median

Other - Canadian Div & Inc Equity

3 Yr Annualized

Standard Deviation 11.26% 13.66% -
Beta 0.81% 0.84% -
Alpha 0.01% 0.00% -
Rsquared 0.93% 0.93% -
Sharpe 0.39% 0.46% -
Sortino 0.54% 0.57% -
Treynor 0.05% 0.08% -
Tax Efficiency 76.85% 79.43% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.41% 11.26% 13.66% -
Beta 0.78% 0.81% 0.84% -
Alpha -0.02% 0.01% 0.00% -
Rsquared 0.93% 0.93% 0.93% -
Sharpe 0.08% 0.39% 0.46% -
Sortino 0.37% 0.54% 0.57% -
Treynor 0.01% 0.05% 0.08% -
Tax Efficiency 68.95% 76.85% 79.43% -

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 November 17, 2015
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
PFC2900

Investment Objectives

The fund seeks to outperform the Canadian equity market over a time period longer than 5 years, by investing primarily in large capitalization, dividend paying stocks of Canadian issuers. To assist in achieving this objective, the fund may, from time to time, overweight its assets in specific industry sectors, and the fund may also invest in U.S. stocks to provide greater return potential and better diversification.

Investment Strategy

The portfolio manager will employ fundamental analysis seeking to identify superior investment opportunities with the potential for capital appreciation and sustainable distribution or dividends over the long term. The portfolio manager will seek Canadian and U.S. issuers with attractive dividends or distributions and business models that can benefit from both industry and macro-economic trends.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 11-04-2015

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 1.93%
Management Fee 2.00%
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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