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Purpose Canadian Financial Income Fund Series A

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Financial Services Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-23-2025) 		$25.69
Change
$0.02 (0.07%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2017Oct 2017Jul 2018Apr 2019Jan 2020Oct 2020Jul 2021Apr 2022Jan 2023Oct 2023Jul 2024Apr 2025Jul 2022Oct 2022Apr 2023Jul 2023Jan 2024Apr 2024Oct 2024Jan 2025Oct 2017Jan 2019Apr 2020Jul 2021Oct 2022Jan 2024$10,000$20,000$7,500$12,500$15,000$17,500$22,500$8,000$9,000$11,000$12,000$13,000Period

Legend

Purpose Canadian Financial Income Fund Series A

Compare Options

Fund Returns

Inception Return (October 26, 2016): 8.07%

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 1.05% -1.65% 5.41% -0.83% 20.25% 11.88% 8.03% 7.27% 14.42% 8.02% 7.65% 7.35% - -
Benchmark -2.87% -3.03% 7.87% 2.81% 25.19% 22.25% 15.98% 12.26% 15.74% 9.87% 9.22% 9.14% 11.20% 9.35%
Category Average -0.87% -4.68% 4.19% -0.51% 20.65% 17.77% 10.84% 7.90% 15.27% 9.02% 8.30% 8.57% 10.16% 8.67%
Category Rank 32 / 79 18 / 77 31 / 75 36 / 76 42 / 75 56 / 72 38 / 59 36 / 56 27 / 51 29 / 51 27 / 46 28 / 41 - -
Quartile Ranking 2 1 2 2 3 4 3 3 3 3 3 3 - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 2.58% -2.52% 4.90% 4.03% 4.76% -0.21% 7.82% -1.42% 0.84% -0.57% -2.12% 1.05%
Benchmark 3.17% -0.07% 6.67% 1.09% 2.08% 2.26% 6.63% -1.59% 6.02% 1.62% -1.76% -2.87%

Best Monthly Return Since Inception

13.34% (November 2020)

Worst Monthly Return Since Inception

-17.60% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - 9.44% -11.72% 19.57% -1.25% 28.78% -9.16% 10.12% 21.77%
Benchmark 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41% 31.42%
Category Average 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26% 27.44%
Quartile Ranking - - 4 4 3 3 3 1 3 4
Category Rank - - 37/ 41 38/ 45 25/ 49 35/ 51 36/ 56 13/ 56 39/ 65 56/ 74

Best Calendar Return (Last 10 years)

28.78% (2021)

Worst Calendar Return (Last 10 years)

-11.72% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 97.94
Cash and Equivalents 2.06

Sector Allocation

Sector Allocation
Name Percent
Financial Services 98.25
Cash and Cash Equivalent 2.06
Other -0.31

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
National Bank of Canada 11.63
Royal Bank of Canada 11.55
Canadian Imperial Bank of Commerce 11.53
Bank of Nova Scotia 11.51
Toronto-Dominion Bank 11.51
Bank of Montreal 11.42
Sun Life Financial Inc 7.32
iA Financial Corp Inc 7.30
Great-West Lifeco Inc 7.29
Manulife Financial Corp 7.25

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 Return141516171819202122232425262728293031-10%0%10%20%30%40%

Purpose Canadian Financial Income Fund Series A

Median

Other - Financial Services Equity

3 Yr Annualized

Standard Deviation 14.45% 14.60% -
Beta 0.88% 0.92% -
Alpha -0.05% 0.00% -
Rsquared 0.71% 0.71% -
Sharpe 0.34% 0.83% -
Sortino 0.62% 1.41% -
Treynor 0.05% 0.13% -
Tax Efficiency 65.35% 81.37% -
Volatility Volatility rating is 8 on a scale of 1 to 10 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 11.21% 14.45% 14.60% -
Beta 0.66% 0.88% 0.92% -
Alpha 0.04% -0.05% 0.00% -
Rsquared 0.44% 0.71% 0.71% -
Sharpe 1.38% 0.34% 0.83% -
Sortino 3.92% 0.62% 1.41% -
Treynor 0.24% 0.05% 0.13% -
Tax Efficiency 78.62% 65.35% 81.37% -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A86.7​86.769.7​69.70%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: A89.2​89.262.5​62.50%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: A82.6​82.676.4​76.40%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: A94.5​94.577.9​77.90%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.

View the full methodology

Fund Details

Start Date October 26, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC2400

Investment Objectives

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.

Investment Strategy

To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). The fund will write covered call options from time to time in respect of the securities it holds to (i) enhance the fund’s total returns, (ii) enhance the dividend yield of the portfolio securities and (iii) lower the overall volatility of the fund’s portfolio.

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
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 1.72%
Management Fee 1.55%
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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