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Purpose Best Ideas 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
(05-30-2025)
$40.91
Change
$0.05 (0.13%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3May 2014Mar 2015Jan 2016Nov 2016Sep 2017Jul 2018May 2019Mar 2020Jan 2021Nov 2021Sep 2022Jul 2023May 2024Mar 2025Jul 2022Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Sep 2014Mar 2016Sep 2017Mar 2019Sep 2020Mar 2022Sep 2023$10,000$15,000$20,000$25,000$5,000$6,000$8,000$12,000$14,000$16,000Period

Legend

Purpose Best Ideas Fund Series A

Compare Options


Fund Returns

Inception Return (April 29, 2014): 6.67%

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 1.42% -8.03% -0.70% -1.14% 12.55% 21.12% 11.34% -0.08% 7.65% 5.73% 6.40% 6.54% 8.06% 5.46%
Benchmark -2.34% -6.97% 0.95% -3.74% 15.36% 15.84% 12.41% 11.30% 15.01% 12.04% 12.33% 11.37% 12.46% 11.15%
Category Average -2.90% -10.19% -4.36% -6.25% 5.43% 10.43% 7.51% 4.90% 11.31% 8.17% 8.33% 7.88% 8.72% 7.41%
Category Rank 8 / 187 116 / 186 116 / 186 22 / 186 63 / 180 10 / 176 64 / 164 132 / 140 109 / 124 100 / 112 67 / 83 63 / 79 56 / 76 39 / 45
Quartile Ranking 1 3 3 1 2 1 2 4 4 4 4 4 3 4

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 3.54% 2.88% 1.20% 4.16% 0.85% 0.09% 6.23% -5.45% 7.49% -2.44% -7.06% 1.42%
Benchmark 3.45% 1.28% 4.00% 0.64% 2.69% 1.48% 6.48% -1.51% 3.47% -1.01% -3.77% -2.34%

Best Monthly Return Since Inception

14.91% (April 2020)

Worst Monthly Return Since Inception

-17.01% (April 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-60%-40%-20%0%20%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -1.70% -3.51% 21.99% -9.34% 29.78% 22.17% 8.75% -39.71% 34.63% 22.27%
Benchmark 5.50% 14.85% 11.54% -2.58% 24.09% 10.91% 26.72% -9.17% 17.51% 28.77%
Category Average 6.38% 4.55% 10.59% -6.12% 20.45% 16.55% 18.87% -14.77% 16.96% 18.75%
Quartile Ranking 3 4 1 4 1 1 4 4 1 2
Category Rank 30/ 41 59/ 70 4/ 79 62/ 81 8/ 93 13/ 119 124/ 139 142/ 145 9/ 172 87/ 180

Best Calendar Return (Last 10 years)

34.63% (2023)

Worst Calendar Return (Last 10 years)

-39.71% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 74.09
International Equity 19.12
Cash and Equivalents 6.79

Sector Allocation

Sector Allocation
Name Percent
Technology 46.18
Consumer Services 12.45
Financial Services 9.40
Healthcare 9.23
Cash and Cash Equivalent 6.80
Other 15.94

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.88
Latin America 6.81
Europe 6.32
Africa and Middle East 3.03
Asia 2.97
Other -0.01

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 6.24
Eli Lilly and Co 3.61
Mercadolibre Inc 3.53
Uber Technologies Inc 3.47
General Electric Co 3.33
Vistra Corp 3.32
Nu Holdings Ltd Cl A 3.28
Intuit Inc 3.26
Spotify Technology SA 3.26
Coca-Cola Co 3.22

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return024681012141618202224262830-30%-20%-10%0%10%20%

Purpose Best Ideas Fund Series A

Median

Other - North American Equity

3 Yr Annualized

Standard Deviation 19.86% 20.48% 19.18%
Beta 1.32% 1.44% 1.38%
Alpha -0.04% -0.12% -0.08%
Rsquared 0.75% 0.74% 0.75%
Sharpe 0.44% 0.35% 0.29%
Sortino 0.74% 0.45% 0.30%
Treynor 0.07% 0.05% 0.04%
Tax Efficiency 95.01% 94.41% 95.82%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.10% 19.86% 20.48% 19.18%
Beta 1.12% 1.32% 1.44% 1.38%
Alpha -0.04% -0.04% -0.12% -0.08%
Rsquared 0.59% 0.75% 0.74% 0.75%
Sharpe 0.61% 0.44% 0.35% 0.29%
Sortino 1.03% 0.74% 0.45% 0.30%
Treynor 0.08% 0.07% 0.05% 0.04%
Tax Efficiency 87.87% 95.01% 94.41% 95.82%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A65.065.056.956.90%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A67.267.260.260.20%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A40.240.251.851.80%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A78.578.556.756.70%10%20%30%40%50%60%70%80%90%100%

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 April 29, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC700

Investment Objectives

The fund seeks to provide shareholders with attractive long-term capital appreciation by investing in a portfolio of North American equities considered to be high conviction securities across a group of some of the world’s most renowned investment managers. The group of investment managers is selected by the manager and the sub-advisor.

Investment Strategy

The fund invests in a portfolio of equities listed on major North American exchanges selected from a universe of equities held by some of the world’s most renowned investment managers as reported through their public filings. These managers are well respected and exhibit outstanding historical performance records. The sub-advisor may in its discretion change the number of holdings held by the fund. The fund also may engage in short selling as permitted by NI 81-102.

Portfolio Management

Portfolio Manager

Purpose Investments Inc.

Sub-Advisor

Neuberger Berman Breton Hill ULC

Management and Organization

Fund Manager

Purpose Investments Inc.

Custodian

CIBC Mellon Trust Company

Registrar

CIBC Mellon Global Securities Services Company

Distributor

-

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 1.87%
Management Fee 1.65%
Load Back 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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