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High Yield Fixed Income
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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
Inception Return (September 04, 2013): 1.45%
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 |
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% |
4.50% (April 2020)
-7.19% (March 2020)
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 |
7.03% (2016)
-6.74% (2022)
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 |
Name | Percent |
---|---|
Fixed Income | 90.64 |
Cash and Cash Equivalent | 7.76 |
Exchange Traded Fund | 1.45 |
Financial Services | 0.07 |
Other | 0.08 |
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 |
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 |
Purpose Total Return Bond Fund Series A
Median
Other - High Yield Fixed Income
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 |
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% | - | - | - |
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) | - |
FundServ Code | Load Code | Sales Status |
---|---|---|
PFC100 |
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.
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.
Name | Start Date |
---|---|
Purpose Investments Inc. | 09-04-2013 |
Neuberger Berman Breton Hill ULC | 12-10-2020 |
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 |
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 |
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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