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Purpose Canadian Financial Income Fund Series A

Financial Services Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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
(04-22-2024)
$22.96
Change
$0.16 (0.68%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Purpose Canadian Financial Income Fund Series A

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Fund Returns

Inception Return (October 26, 2016): 7.19%

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 4.30% 4.50% 14.04% 4.50% 12.03% 1.00% 5.60% 14.17% 7.81% 6.43% 5.89% - - -
Benchmark 3.76% 9.87% 21.36% 9.87% 25.68% 9.80% 9.79% 15.54% 8.54% 7.15% 7.88% 9.74% 7.73% 8.93%
Category Average 5.09% 20.74% 20.74% 8.28% 21.50% 4.12% 6.40% 16.72% 8.69% 6.85% 7.60% 9.48% 7.82% 8.14%
Category Rank 52 / 77 75 / 76 74 / 76 75 / 76 55 / 71 37 / 60 38 / 57 33 / 52 32 / 52 26 / 47 31 / 42 - - -
Quartile Ranking 3 4 4 4 4 3 3 3 3 3 3 - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 3.42% -4.19% 3.11% 3.22% -5.33% -1.60% -5.10% 7.13% 7.34% -0.66% 0.86% 4.30%
Benchmark 3.42% -3.87% 2.93% 4.62% -0.85% -2.45% -0.85% 7.51% 3.63% 1.30% 4.53% 3.76%

Best Monthly Return Since Inception

13.34% (November 2020)

Worst Monthly Return Since Inception

-17.60% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 9.44% -11.72% 19.57% -1.25% 28.78% -9.16% 10.12%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking - - - 4 4 2 3 3 2 3
Category Rank - - - 38/ 42 39/ 46 24/ 50 36/ 52 36/ 57 16/ 57 40/ 66

Best Calendar Return (Last 10 years)

28.78% (2021)

Worst Calendar Return (Last 10 years)

-11.72% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 98.00
Cash and Equivalents 2.00

Sector Allocation

Sector Allocation
Name Percent
Financial Services 98.44
Cash and Cash Equivalent 2.00
Other -0.44

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canadian Imperial Bank of Commerce 12.97
National Bank of Canada 12.62
Bank of Montreal 11.55
Royal Bank of Canada 11.53
Bank of Nova Scotia 11.37
Toronto-Dominion Bank 9.62
Manulife Financial Corp 8.51
Great-West Lifeco Inc 7.03
Sun Life Financial Inc 6.97
iA Financial Corp Inc 6.26

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 Canadian Financial Income Fund Series A

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 14.36% 17.05% -
Beta 0.93% 0.97% -
Alpha -0.03% 0.00% -
Rsquared 0.74% 0.80% -
Sharpe 0.27% 0.41% -
Sortino 0.36% 0.50% -
Treynor 0.04% 0.07% -
Tax Efficiency 64.09% 74.08% -
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 -

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.41% 14.36% 17.05% -
Beta 1.13% 0.93% 0.97% -
Alpha -0.14% -0.03% 0.00% -
Rsquared 0.72% 0.74% 0.80% -
Sharpe 0.50% 0.27% 0.41% -
Sortino 1.04% 0.36% 0.50% -
Treynor 0.07% 0.04% 0.07% -
Tax Efficiency 79.45% 64.09% 74.08% -

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 26, 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
PFC2400

Investment Objectives

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.

Investment Strategy

To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). The fund will write covered call options from time to time in respect of the securities it holds to (i) enhance the fund’s total returns, (ii) enhance the dividend yield of the portfolio securities and (iii) lower the overall volatility of the fund’s portfolio.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 10-26-2016
Neuberger Berman Breton Hill ULC 10-26-2016

Management and Organization

Fund Manager Purpose Investments Inc.
Advisor Purpose Investments Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Mellon Global Securities Services
Distributor -
Auditor Ernst & Young LLP, Chartered Accountants

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 1.75%
Management Fee 1.55%
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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