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Purpose Structured Equity Yield Plus Fund Series A

Alternative Equity Focus

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
(06-21-2024)
$17.48
Change
-$0.01 (-0.08%)

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Purpose Structured Equity Yield Plus Fund Series A

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Fund Returns

Inception Return (September 14, 2021): 2.82%

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 2.83% 5.54% 15.33% 7.85% 25.18% 7.99% - - - - - - - -
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 2.43% 14.32% 14.32% 9.65% 17.29% 6.94% 4.97% 9.48% 7.13% - - - - -
Category Rank 68 / 188 39 / 188 33 / 165 80 / 165 34 / 153 68 / 133 - - - - - - - -
Quartile Ranking 2 1 1 2 1 3 - - - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 4.93% 5.21% -3.19% -4.71% -4.13% 11.17% 6.94% 0.18% 2.00% 4.07% -1.38% 2.83%
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

11.52% (January 2023)

Worst Monthly Return Since Inception

-9.92% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -19.14% 21.35%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - - - - - - - - 4 1
Category Rank - - - - - - - - 110/ 122 30/ 149

Best Calendar Return (Last 10 years)

21.35% (2023)

Worst Calendar Return (Last 10 years)

-19.14% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 52.09
Canadian Equity 35.45
Cash and Equivalents 6.52
International Equity 5.56
Income Trust Units 0.26
Other 0.12

Sector Allocation

Sector Allocation
Name Percent
Financial Services 24.75
Technology 16.07
Basic Materials 9.52
Energy 7.55
Exchange Traded Fund 7.33
Other 34.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.27
Asia 2.76
Europe 1.06
Latin America 1.02
Africa and Middle East 0.90
Other -0.01

Top Holdings

Top Holdings
Name Percent
iShares S&P/TSX 60 Index ETF (XIU) 23.75
iShares Core S&P 500 Index ETF (XUS) 20.23
iShares U.S. Small Cap Index ETF C$ Hgd (XSU) 16.24
BMO Equal Weight US Banks Hgd to CAD Idx ETF (ZUB) 10.91
BMO S&P TSX Equal Weight Banks Index ETF 7.33
CAD Currency 6.42
iShares S&P/TSX Global Gold Index ETF (XGD) 5.40
iShares NASDAQ 100 Index ETF (XQQU) 4.40
iShares MSCI Emerging Markets Index ETF (XEM) 3.34
iShares S&P/TSX Capped Energy Index ETF (XEG) 1.17

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

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 September 14, 2021
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status -
Sales Status Capped
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC8400

Investment Objectives

The investment objective of the fund is to provide investors with (i) the opportunity for long-term capital appreciation, (ii) stable, enhanced monthly distributions, and (iii) managed downside risk compared to 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. The fund will use leverage.

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.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 09-07-2021

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 2.75%
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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