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Purpose Total Return Bond Fund Series A

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High Yield Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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NAVPS
(05-02-2024) 		$15.44
Change
$0.07 (0.45%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Purpose Total Return Bond Fund Series A

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Fund Returns

Inception Return (September 04, 2013): 1.45%

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 0.96% 0.93% 6.10% 0.93% 3.31% 0.69% -0.22% 2.42% 0.94% 1.03% 0.71% 1.53% 0.86% 1.10%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.04% 7.26% 7.26% 1.57% 7.54% 1.83% 0.64% 4.84% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 191 / 301 266 / 301 262 / 299 266 / 301 287 / 295 257 / 289 238 / 282 259 / 275 248 / 267 226 / 243 215 / 230 200 / 202 189 / 191 173 / 173
Quartile Ranking 3 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.45% -1.74% -0.30% 0.04% 0.03% -1.13% -0.80% 3.75% 2.13% -0.02% -0.01% 0.96%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

4.50% (April 2020)

Worst Monthly Return Since Inception

-7.19% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.62% -1.93% 7.03% 1.69% -3.96% 5.76% 6.14% -0.63% -6.74% 3.82%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 3 2 4 4 4 4 2 4 1 4
Category Rank 112/ 172 77/ 184 182/ 201 198/ 229 187/ 241 233/ 266 92/ 274 252/ 276 52/ 286 278/ 295

Best Calendar Return (Last 10 years)

7.03% (2016)

Worst Calendar Return (Last 10 years)

-6.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 68.83
Canadian Corporate Bonds 14.31
Cash and Equivalents 9.21
Foreign Government Bonds 3.32
Canadian Government Bonds 2.43
Other 1.90

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.64
Cash and Cash Equivalent 7.76
Exchange Traded Fund 1.45
Financial Services 0.07
Other 0.08

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.38
Europe 2.14
Latin America 1.09
Africa and Middle East 0.39
Multi-National 0.14
Other 0.86

Top Holdings

Top Holdings
Name Percent
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 62.71
BMO Mid Corporate Bond Index ETF (ZCM) 14.87
Purpose Global Bond Fund ETF (BND) 14.19
United States Dollar 3.62
BMO Mid Federal Bond Index ETF (ZFM) 1.76
Purpose Cash Management Fund ETF - Closed 1.45
Cash and Cash Equivalents 1.09
Canadian Dollar 0.30

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Purpose Total Return Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.22% 5.99% 4.80%
Beta 0.38% 0.57% 0.39%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.27% 0.46% 0.32%
Sharpe -0.52% -0.14% -0.04%
Sortino -0.74% -0.39% -0.47%
Treynor -0.07% -0.01% 0.00%
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.10% 5.22% 5.99% 4.80%
Beta 0.64% 0.38% 0.57% 0.39%
Alpha -0.03% -0.01% -0.01% -0.01%
Rsquared 0.32% 0.27% 0.46% 0.32%
Sharpe -0.27% -0.52% -0.14% -0.04%
Sortino 0.14% -0.74% -0.39% -0.47%
Treynor -0.02% -0.07% -0.01% 0.00%
Tax Efficiency 46.90% - - -

Fund Details

Start Date September 04, 2013
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
PFC100

Investment Objectives

The fund seeks to achieve a positive total return in diverse market environments over time by tactically allocating its assets among a broad range of fixed income securities, including government debt, investment grade corporate debt and high yield debt.

Investment Strategy

The fund obtains exposure primarily to a portfolio of fixed income securities including government debt, investment grade corporate debt, notes and high yield debt instruments. The fund primarily invests in a portfolio of North American fixed income securities but may also invest globally. The fund also may engage in short selling as permitted by NI 81-102.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 09-04-2013
Neuberger Berman Breton Hill ULC 12-10-2020

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 Yes
SWP Min Balance 15,000
SWP Min Withdrawal 100

Fees

MER 1.47%
Management Fee 0.95%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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