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Alternative Credit Focus
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2022
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|
NAVPS (05-02-2024) |
$9.78 |
|---|---|
| Change |
$0.02
(0.18%)
|
As at March 31, 2024
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Inception Return (September 09, 2019): 5.38%
| 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 | 1.39% | 2.88% | 6.25% | 2.88% | 7.86% | 0.35% | 1.30% | 8.61% | - | - | - | - | - | - |
| Benchmark | 0.48% | -1.28% | 6.84% | -1.28% | 1.93% | -0.14% | -1.50% | -0.83% | 0.22% | 1.02% | 1.12% | 1.15% | 1.09% | 2.01% |
| Category Average | 0.81% | 6.15% | 6.15% | 1.91% | 6.86% | 3.41% | 2.10% | 5.50% | - | - | - | - | - | - |
| Category Rank | 14 / 120 | 35 / 120 | 51 / 119 | 35 / 120 | 54 / 116 | 80 / 102 | 47 / 75 | 10 / 52 | - | - | - | - | - | - |
| Quartile Ranking | 1 | 2 | 2 | 2 | 2 | 4 | 3 | 1 | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.09% | -0.70% | 0.99% | 1.24% | -0.19% | 0.10% | -1.72% | 2.24% | 2.79% | 1.29% | 0.17% | 1.39% |
| Benchmark | 0.90% | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% |
5.86% (April 2020)
-9.31% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | 13.94% | 8.81% | -7.27% | 5.42% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | 1 | 1 | 3 | 3 |
| Category Rank | - | - | - | - | - | - | 5/ 47 | 15/ 75 | 69/ 98 | 84/ 116 |
13.94% (2020)
-7.27% (2022)
Purpose Credit Opportunities Fund Series A
Median
Other - Alternative Credit Focus
| Standard Deviation | 4.94% | - | - |
|---|---|---|---|
| Beta | 0.35% | - | - |
| Alpha | 0.02% | - | - |
| Rsquared | 0.22% | - | - |
| Sharpe | -0.24% | - | - |
| Sortino | -0.41% | - | - |
| Treynor | -0.03% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.37% | 4.94% | - | - |
| Beta | 0.36% | 0.35% | - | - |
| Alpha | 0.07% | 0.02% | - | - |
| Rsquared | 0.31% | 0.22% | - | - |
| Sharpe | 0.67% | -0.24% | - | - |
| Sortino | 2.08% | -0.41% | - | - |
| Treynor | 0.08% | -0.03% | - | - |
| Tax Efficiency | 67.78% | - | - | - |
| Start Date | September 09, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC4803 |
The fund seeks to maximize total returns for unitholders, consisting of both distributions and capital appreciation. The fund invests, directly or indirectly, primarily in debt and equity securities of non-investment grade rated, publicly traded issuers. The aggregate gross exposure of the fund shall not exceed the limits on the use of leverage or as otherwise permitted under applicable securities legislation.
To achieve its investment objectives, the fund invests, directly or indirectly, primarily in debt and equity securities of non-investment grade rated, publicly traded issuers, using the investment strategies described below. The manager uses corporate credit investment and leveraged company strategies designed to maximize risk-adjusted returns and preserve capital in each phase of the credit cycle.
| Name | Start Date |
|---|---|
| Sandy Liang | 08-30-2013 |
| Purpose Investments Inc. | 03-31-2024 |
| Fund Manager | Purpose Investment Partners Inc. |
|---|---|
| Advisor | Purpose Investment Partners Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CIBC Mellon Global Securities Services Company |
| Distributor | - |
| Auditor | Ernst & Young LLP, Chartered Accountants |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.12% |
|---|---|
| Management Fee | 1.85% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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