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MLD Core Fund Series F
Tactical Balanced
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FundGrade B
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FundGrade A+® Rating Recipient
2025
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|
NAVPS (11-03-2026) |
$31.04 |
|---|---|
| Change |
-$0.14
(-0.46%)
|
As at September 30, 2026
As at September 30, 2026
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Fund Returns
Inception Return (June 14, 2018): 9.05%
| 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 | -7.36% | -1.57% | -1.81% | 7.65% | 13.89% | 19.10% | 18.76% | 14.58% | 10.64% | 11.32% | 9.69% | 9.06% | - | - |
| Benchmark | 0.35% | -0.75% | 9.44% | 9.10% | 9.32% | 11.53% | 14.97% | 13.80% | 7.48% | 7.64% | 7.95% | 7.84% | 7.90% | 7.52% |
| Category Average | -1.43% | -0.82% | 5.16% | 6.26% | 7.45% | 8.64% | 11.77% | 10.32% | 5.80% | 6.73% | 6.15% | 5.76% | 5.46% | 5.32% |
| Category Rank | 329 / 329 | 201 / 329 | 328 / 329 | 141 / 326 | 21 / 325 | 1 / 318 | 1 / 315 | 26 / 313 | 6 / 288 | 20 / 279 | 30 / 272 | 22 / 253 | - | - |
| Quartile Ranking | 4 | 3 | 4 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.87% | 3.34% | 1.49% | 6.94% | 6.95% | -4.14% | 0.86% | 1.79% | -2.84% | -1.02% | 7.35% | -7.36% |
| Benchmark | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% | 2.26% | -1.63% | 0.55% | 0.35% |
Best Monthly Return Since Inception
7.35% (August 2026)
Worst Monthly Return Since Inception
-9.97% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 13.05% | 1.35% | 15.52% | -6.58% | 8.40% | 15.14% | 26.55% |
| 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 | 3 | 1 | 1 | 2 | 2 | 1 |
| Category Rank | - | - | - | 139/ 258 | 202/ 277 | 59/ 279 | 52/ 293 | 153/ 313 | 94/ 315 | 1/ 318 |
Best Calendar Return (Last 10 years)
26.55% (2025)
Worst Calendar Return (Last 10 years)
-6.58% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 28.64 |
| International Equity | 20.19 |
| Cash and Equivalents | 17.55 |
| US Equity | 13.35 |
| Foreign Bonds - Funds | 5.91 |
| Other | 14.36 |
Sector Allocation
| Name | Percent |
|---|---|
| Exchange Traded Fund | 19.77 |
| Fixed Income | 11.79 |
| Basic Materials | 11.05 |
| Mutual Fund | 8.42 |
| Financial Services | 7.95 |
| Other | 41.02 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 64.40 |
| Multi-National | 16.57 |
| Europe | 11.68 |
| Asia | 6.06 |
| Latin America | 0.65 |
| Other | 0.64 |
Top Holdings
| Name | Percent |
|---|---|
| Purpose Cash Management Fund ETF - Closed | 14.60 |
| Purpose International Dividend Fund ETF (PID) | 8.13 |
| GOLD X2 MINING INC | 6.60 |
| RP Alternative Global Bond Fund Class F | 5.91 |
| Purpose Global Bond Fund ETF (BND) | 5.20 |
| iShares S&P/TSX Global Gold Index ETF (XGD) | 4.64 |
| BMO Junior Gold Index ETF (ZJG) | 4.52 |
| Vanguard FTSE Dev All Cap ex NA Idx ETF C$Hgd (VI) | 4.52 |
| STARLIGHT CANADIAN RESIDENTIAL | 2.98 |
| Surge Battery Metals Inc | 2.74 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
MLD Core Fund Series F
Median
Other - Tactical Balanced
3 Yr Annualized
| Standard Deviation | 10.67% | 10.37% | - |
|---|---|---|---|
| Beta | 0.79 | 0.79 | - |
| Alpha | 0.07 | 0.05 | - |
| Rsquared | 0.24% | 0.39% | - |
| Sharpe | 1.37 | 0.74 | - |
| Sortino | 2.62 | 1.19 | - |
| Treynor | 0.18 | 0.10 | - |
| Tax Efficiency | 94.03% | 90.26% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 15.91% | 10.67% | 10.37% | - |
| Beta | 0.59 | 0.79 | 0.79 | - |
| Alpha | 0.09 | 0.07 | 0.05 | - |
| Rsquared | 0.08% | 0.24% | 0.39% | - |
| Sharpe | 0.75 | 1.37 | 0.74 | - |
| Sortino | 1.20 | 2.62 | 1.19 | - |
| Treynor | 0.20 | 0.18 | 0.10 | - |
| Tax Efficiency | 94.19% | 94.03% | 90.26% | - |
Fund Details
| Start Date | June 14, 2018 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Fee Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $84 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC3001 | NL | Open |
Investment Objectives
The fund's investment objectives are to provide unitholders with an attractive level of income and long-term capital growth by investing tactically across a broad range of asset classes including domestic and foreign equities, fixed income, inflation-sensitive securities, preferred shares, alternative investments and cash with the goal of achieving a positive total return in diverse market environments while reducing portfolio risk.
Investment Strategy
The fund uses tactical asset allocation with the intention of generating income and growth while minimizing losses by increasing allocation to asset classes that are expected to outperform and reducing allocation to assets that are expected to underperform. In doing so, the fund may invest in ETFs and other underlying funds with either passive or active mandates. The portfolio holdings may be reconstituted on a daily basis in the manager’s discretion.
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 |
Canaccord Genuity Corp |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 100 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 0.62% |
|---|---|
| Management Fee | 0.30% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.00% |
| Trailer Fee Max (LL) | - |
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