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Purpose High Interest Savings Fund Class A

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Canadian Money Market

NAVPS
(05-17-2024) 		$10.00
Change
$0.00 (0.01%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

Purpose High Interest Savings Fund Class A

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Fund Returns

Inception Return (January 27, 2023): 4.91%

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 0.42% 1.15% 2.38% 1.55% 4.93% - - - - - - - - -
Benchmark 0.41% 1.22% 2.46% 1.62% 4.90% 4.09% 2.78% 2.11% 2.00% 1.92% 1.77% 1.61% 1.49% 1.42%
Category Average 0.36% 2.23% 2.23% 1.44% 4.29% 3.38% 2.18% 1.66% 1.54% 1.44% 1.30% 1.15% 1.04% 0.96%
Category Rank 98 / 256 127 / 250 117 / 247 142 / 248 66 / 234 - - - - - - - - -
Quartile Ranking 2 3 2 3 2 - - - - - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.41% 0.39% 0.42% 0.41% 0.40% 0.44% 0.41% 0.41% 0.40% 0.37% 0.36% 0.42%
Benchmark 0.36% 0.37% 0.40% 0.41% 0.41% 0.41% 0.41% 0.41% 0.40% 0.40% 0.40% 0.41%

Best Monthly Return Since Inception

0.44% (October 2023)

Worst Monthly Return Since Inception

0.06% (January 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - -
Benchmark 0.91% 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71%
Category Average 0.30% 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

-

Worst Calendar Return (Last 10 years)

-

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.00

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
National Bank Cash Account 5.10% 31-Dec-2049 49.72
Scotiabank Deposit Account 5.50% 31-Dec-2049 11.73
Canada Government 0.00% 09-May-2024 10.35
Canada Government 0.00% 01-Aug-2024 10.34
Canada Government 0.00% 20-Jun-2024 7.28
Canada Government 0.00% 23-May-2024 6.47
Scotiabank Cash Account 4.80% 31-Dec-2049 3.01
Canada Government 0.00% 04-Jul-2024 1.04
Cash and Cash Equivalents 0.07
CIBC High Interest Savings Account 4.70% 31-Dec-2049 0.00

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 January 27, 2023
Instrument Type Mutual Fund
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
PFC8500

Investment Objectives

The fund seeks to maximize monthly income for unitholders while preserving capital and liquidity by investing in high interest deposit accounts and/or high-quality money market securities

Investment Strategy

The fund primarily invests its assets in high interest deposit accounts with one or more Chartered Banks and/or Canadian Credit Unions. The fund may also invest in high-quality, short-term debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, bankers acceptances, asset-backed commercial paper and commercial paper issued by Canadian chartered banks, loan companies, trust companies and corporations

Portfolio Manager(s)

Name Start Date
Neuberger Berman Breton Hill ULC 01-27-2023
Purpose Investments Inc. 01-27-2023

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 100
PAC Subsequent 100
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER -
Management Fee 0.40%
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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