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Purpose Premium Yield Fund - Series A

Misc - Inc&Real Property

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.

NAVPS
(06-13-2024)
$15.53
Change
-$0.01 (-0.09%)

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Purpose Premium Yield Fund - Series A

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Fund Returns

Inception Return (January 18, 2016): 3.18%

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 0.29% 2.03% 2.49% 1.81% 7.17% 6.36% 4.91% 5.35% 3.69% 3.21% 3.20% 3.19% - -
Benchmark 2.77% 5.07% 11.79% 7.58% 17.55% 7.08% 7.35% 13.44% 10.14% 8.92% 8.75% 9.19% 7.72% 7.53%
Category Average 0.60% 2.01% 2.01% 1.77% 3.64% 1.90% 3.16% 4.61% 3.78% 3.67% 3.55% 3.58% 3.13% 3.37%
Category Rank 65 / 76 53 / 75 66 / 75 65 / 75 56 / 75 30 / 75 37 / 74 44 / 72 41 / 71 39 / 60 35 / 59 38 / 53 - -
Quartile Ranking 4 3 4 4 3 2 2 3 3 3 3 3 - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.18% 0.73% 0.38% -0.26% 0.53% 1.93% 0.66% -0.78% 0.57% 1.18% 0.55% 0.29%
Benchmark 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77%

Best Monthly Return Since Inception

7.70% (April 2020)

Worst Monthly Return Since Inception

-8.66% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 2.73% 0.95% 5.89% -2.63% 3.77% 4.10% 7.30%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 5.16% 2.24% 1.46% 4.39% 0.91% 7.57% 1.50% 10.36% -0.98% 2.53%
Quartile Ranking - - - 4 1 4 3 4 1 2
Category Rank - - - 46/ 54 13/ 60 56/ 68 53/ 71 71/ 74 16/ 74 30/ 75

Best Calendar Return (Last 10 years)

7.30% (2023)

Worst Calendar Return (Last 10 years)

-2.63% (2020)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 84.64
US Equity 13.05
Foreign Government Bonds 1.50
International Equity 0.79
Foreign Corporate Bonds 0.01
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Exchange Traded Fund 84.26
Technology 2.94
Healthcare 2.89
Basic Materials 2.80
Real Estate 1.74
Other 5.37

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.20
Asia 0.81
Other -0.01

Top Holdings

Top Holdings
Name Percent
Purpose Cash Management Fund ETF - Closed 84.26
Johnson & Johnson 2.14
Prologis Inc 1.72
iShares 20 Plus Year Treasury Bond ETF (TLT) 1.51
Home Depot Inc 1.50
Newmont Corp 1.18
Microsoft Corp 1.16
Nucor Corp 0.94
Visa Inc Cl A 0.91
Abbvie Inc 0.72

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 Premium Yield Fund - Series A

Median

Other - Misc - Inc&Real Property

3 Yr Annualized

Standard Deviation 3.53% 6.42% -
Beta 0.21% 0.34% -
Alpha 0.03% 0.00% -
Rsquared 0.65% 0.67% -
Sharpe 0.56% 0.28% -
Sortino 0.86% 0.17% -
Treynor 0.09% 0.05% -
Tax Efficiency 45.28% 30.10% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.40% 3.53% 6.42% -
Beta 0.14% 0.21% 0.34% -
Alpha 0.05% 0.03% 0.00% -
Rsquared 0.46% 0.65% 0.67% -
Sharpe 0.89% 0.56% 0.28% -
Sortino 3.45% 0.86% 0.17% -
Treynor 0.15% 0.09% 0.05% -
Tax Efficiency 56.36% 45.28% 30.10% -

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 January 18, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC2300

Investment Objectives

The fund seeks to provide shareholders with (i) high monthly income and (ii) long-term capital appreciation. The fund will achieve its investment objectives primarily by investing in the equity markets including by (i) writing cash covered put options to reduce the net cost of acquiring securities and receive premiums and (ii) directly investing in equity securities and writing call options on these securities to receive dividends and premiums.

Investment Strategy

To achieve its investment objectives, the fund uses primarily rules-based portfolio selection strategies to invest in a broad range of equity securities and cash in order to create value, generate income and reduce risk over the investment period. The fund also uses a broad range of derivative instruments in compliance with Canadian securities laws including options, futures contracts, warrants, forward contracts and swaps to enhance portfolio income, offer long-term capital appreciation.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 05-09-2016
Neuberger Berman Breton Hill ULC 07-26-2019

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 1.80%
Management Fee 1.60%
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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