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Purpose Structured Equity Growth Fund Series A

North American Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-23-2024)
$23.90
Change
-$0.19 (-0.79%)

As at April 30, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Purpose Structured Equity Growth Fund Series A

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Fund Returns

Inception Return (October 28, 2020): 4.52%

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 -1.99% 4.72% 22.64% 4.10% 16.66% 5.46% 2.05% - - - - - - -
Benchmark -2.26% 5.58% 18.44% 7.45% 16.33% 10.96% 9.97% 14.92% 11.38% 11.84% 10.81% 12.10% 10.69% 11.17%
Category Average -3.46% 19.09% 19.09% 5.60% 15.67% 8.56% 4.73% 12.83% 8.73% 8.82% 8.23% 9.14% 7.63% 8.21%
Category Rank 35 / 177 76 / 177 15 / 177 122 / 177 83 / 172 130 / 160 114 / 137 - - - - - - -
Quartile Ranking 1 2 1 3 2 4 4 - - - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.09% 4.46% 4.08% -3.40% -4.26% -4.36% 10.03% 7.07% -0.59% 1.78% 4.97% -1.99%
Benchmark -2.16% 3.56% 2.65% -0.16% -4.09% -1.39% 7.17% 2.86% 1.77% 4.26% 3.60% -2.26%

Best Monthly Return Since Inception

10.03% (November 2023)

Worst Monthly Return Since Inception

-7.92% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 6.65% -14.58% 17.07%
Benchmark 17.31% 5.50% 14.85% 11.54% -2.58% 24.09% 10.91% 26.72% -9.17% 17.51%
Category Average 14.45% 6.38% 4.55% 10.59% -6.12% 20.45% 16.55% 18.87% -14.77% 16.96%
Quartile Ranking - - - - - - - 4 3 2
Category Rank - - - - - - - 127/ 136 86/ 141 73/ 168

Best Calendar Return (Last 10 years)

17.07% (2023)

Worst Calendar Return (Last 10 years)

-14.58% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 53.07
Canadian Equity 41.09
International Equity 4.01
Cash and Equivalents 1.53
Income Trust Units 0.27
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Financial Services 43.76
Technology 13.19
Basic Materials 9.97
Energy 6.57
Consumer Services 5.15
Other 21.36

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.77
Asia 1.62
Africa and Middle East 0.89
Europe 0.86
Latin America 0.82
Other 0.04

Top Holdings

Top Holdings
Name Percent
iShares S&P/TSX 60 Index ETF (XIU) 26.77
BMO Equal Weight US Banks Hgd to CAD Idx ETF (ZUB) 18.84
iShares Core S&P 500 Index ETF C$ Hgd (XSP) 16.86
iShares U.S. Small Cap Index ETF C$ Hgd (XSU) 12.89
BMO Equal Weight Banks Index ETF (ZEB) 10.91
iShares S&P/TSX Global Gold Index ETF (XGD) 5.95
iShares NASDAQ 100 Index ETF (XQQU) 2.97
iShares MSCI Emerging Markets Index ETF (XEM) 1.98
CAD Currency 1.83
BMO Dow Jones Industrial Average Hgd to CAD (ZDJ) 0.99

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 Structured Equity Growth Fund Series A

Median

Other - North American Equity

3 Yr Annualized

Standard Deviation 14.42% - -
Beta 0.94% - -
Alpha -0.07% - -
Rsquared 0.75% - -
Sharpe 0.02% - -
Sortino 0.00% - -
Treynor 0.00% - -
Tax Efficiency - - -
Volatility 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 16.38% 14.42% - -
Beta 1.26% 0.94% - -
Alpha -0.03% -0.07% - -
Rsquared 0.78% 0.75% - -
Sharpe 0.73% 0.02% - -
Sortino 1.74% 0.00% - -
Treynor 0.09% 0.00% - -
Tax Efficiency 100.00% - - -

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 28, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Capped
Currency CAD
Distribution Frequency Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC8300

Investment Objectives

The investment objective of the fund is to provide investors with the opportunity for long-term capital appreciation with less downside risk than a direct investment in the broad equity markets by investing, directly or indirectly, in a broad portfolio of North American and global equity securities and partially hedging the portfolio’s downside risk.

Investment Strategy

The fund currently employs (i) index investment strategies tracking broad equity markets and specific sectors and (ii) a multi-factor portfolio selection strategy that is intended to create value and reduce risk over the investment period. The fund obtains its exposure by investing in Canadian index participation units (as defined in NI 81-102) and other units of Canadian ETFs that the manager believes have an attractive valuation and strong fundamentals.

Portfolio Manager(s)

Name Start Date
10-05-2020

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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.86%
Management Fee 1.65%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.20%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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