Join Fund Library now and get free access to personalized features to help you manage your investments.

Purpose Bitcoin Yield ETF Class A

Alternative Other

NAVPS
(04-17-2024)
$5.98
Change
-$0.15 (-2.50%)

As at March 31, 2024

As at March 31, 2024

Period
Loading...

Legend

Purpose Bitcoin Yield ETF Class A

Compare Options


Fund Returns

Inception Return (December 02, 2021): -1.04%

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 8.27% 51.57% 117.22% 51.57% 108.12% 6.59% - - - - - - - -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 6.28% 72.67% 72.67% 36.55% 61.59% 12.75% 7.53% 10.88% 9.34% 7.62% 6.74% 7.15% 5.84% 5.73%
Category Rank 31 / 90 50 / 90 30 / 88 50 / 90 30 / 79 47 / 73 - - - - - - - -
Quartile Ranking 2 3 2 3 2 3 - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.64% -6.20% 11.07% -4.10% -9.37% 3.08% 23.57% 5.69% 9.75% 1.12% 38.45% 8.27%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

38.45% (February 2024)

Worst Monthly Return Since Inception

-40.66% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -63.94% 107.14%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 4.57% -0.60% 6.48% 4.63% -4.48% 6.64% 14.43% 7.75% -45.86% 66.56%
Quartile Ranking - - - - - - - - 3 2
Category Rank - - - - - - - - 40/ 65 30/ 79

Best Calendar Return (Last 10 years)

107.14% (2023)

Worst Calendar Return (Last 10 years)

-63.94% (2022)

Asset Allocation

Asset Allocation
Name Percent
Commodities 94.46
Cash and Equivalents 5.53
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 5.54
Other 94.46

Geographic Allocation

Geographic Allocation
Name Percent
North America 5.53
Other 94.47

Top Holdings

Top Holdings
Name Percent
Purpose Bitcoin ETF -CAD ETF Non-Curr Hdg (BTCC.B) 98.25
Cash and Cash Equivalents 5.71
United States Dollar -0.02
Canadian Dollar -0.21
BTCC/B CN -3.73

Equity Style

Equity style data not available

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 - - - -

Fund Details

Start Date December 02, 2021
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC6900

Investment Objectives

The fund seeks to provide unitholders with (a) monthly distributions and (b) long-term capital appreciation. The fund will achieve its investment objectives primarily by obtaining exposure to Bitcoin and by implementing a derivatives based strategy in respect of portfolio securities. The fund will not change its fundamental investment objectives unless the consent of a majority of the fund’s unitholders has been obtained.

Investment Strategy

To achieve its investment objective, the ETF invests in and holds substantially all of its assets in long-term holdings of Bitcoin in order to provide unitholders with a secure, convenient, lower-cost alternative to a direct investment in Bitcoin. The Fund will not speculate with regard to short-term changes in Bitcoin prices. The Fund will not use derivatives instruments, the underlying interest of which is Bitcoin, for non-hedging purposes.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 11-24-2021

Management and Organization

Fund Manager Purpose Investments Inc.
Advisor Purpose Investments Inc.
Custodian -
Registrar -
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 -
SWP Min Withdrawal -

Fees

MER 2.63%
Management Fee 2.10%
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) -

Join Fund Library now and get free access to personalized features to help you manage your investments.