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Foundation Wealth Income Pool Class E

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Global Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

NAVPS
(05-02-2024) 		$18.82
Change
$0.04 (0.22%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Foundation Wealth Income Pool Class E

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Fund Returns

Inception Return (April 14, 2020): 1.96%

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 0.77% 0.65% 6.24% 0.65% 4.81% 1.68% 0.40% - - - - - - -
Benchmark 0.40% 0.42% 5.94% 0.42% 0.29% -0.21% -2.75% -4.26% -1.27% -0.48% 0.02% 0.16% 0.88% 1.90%
Category Average 0.75% 5.89% 5.89% -0.15% 2.55% -0.69% -1.73% -0.14% 0.16% 0.37% 0.58% 0.83% 0.83% 1.23%
Category Rank 290 / 542 95 / 539 204 / 514 95 / 539 82 / 490 53 / 417 37 / 337 - - - - - - -
Quartile Ranking 3 1 2 1 1 1 1 - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.54% -0.64% 0.08% 0.43% -0.21% -1.53% -0.21% 3.32% 2.38% 0.12% -0.24% 0.77%
Benchmark 0.77% -1.74% -2.61% -0.13% 1.51% -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40%

Best Monthly Return Since Inception

3.32% (November 2023)

Worst Monthly Return Since Inception

-2.17% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 0.16% -7.51% 6.37%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - - - 1 1 2
Category Rank - - - - - - - 39/ 328 56/ 395 130/ 475

Best Calendar Return (Last 10 years)

6.37% (2023)

Worst Calendar Return (Last 10 years)

-7.51% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Bonds - Funds 20.44
Canadian Corporate Bonds 15.26
Foreign Corporate Bonds 12.54
Foreign Government Bonds 12.16
Canadian Government Bonds 10.88
Other 28.72

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 63.50
Mutual Fund 18.05
Financial Services 6.25
Cash and Cash Equivalent 5.35
Exchange Traded Fund 4.32
Other 2.53

Geographic Allocation

Geographic Allocation
Name Percent
North America 76.60
Multi-National 8.99
Europe 7.91
Asia 3.67
Latin America 1.93
Other 0.90

Top Holdings

Top Holdings
Name Percent
Manulife Strategic Income Fund Series F 11.85
IA Clarington Core Plus Bond Fund Series A 11.30
BMO Aggregate Bond Index ETF (ZAG) 10.10
Capital Direct 1 Income Trust Class F 9.14
BMO Sustainable Glo M-Sector Bond Fund ETF ZMSB 9.09
IA Clarington Loomis Global Multisector Bond Fd A 8.91
BMO High Quality Corporate Bond Index ETF (ZQB) 7.39
Big Banc Split Corp - Pfd 6.18
BMO Emerging Markets Bond Hgd to CAD Index (ZEF) 4.94
BMO BBB Corporate Bond Index ETF (ZBBB) 4.82

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Foundation Wealth Income Pool Class E

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 4.51% - -
Beta 0.44% - -
Alpha 0.02% - -
Rsquared 0.46% - -
Sharpe -0.47% - -
Sortino -0.74% - -
Treynor -0.05% - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.52% 4.51% - -
Beta 0.53% 0.44% - -
Alpha 0.05% 0.02% - -
Rsquared 0.50% 0.46% - -
Sharpe 0.01% -0.47% - -
Sortino 0.83% -0.74% - -
Treynor 0.00% -0.05% - -
Tax Efficiency 67.48% - - -

Fund Details

Start Date April 14, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC8188

Investment Objectives

The fund seeks to achieve a positive total return over time by investing in a broad range of fixed income securities, primarily through ETFs and mutual funds that invest in government debt, investment grade corporate debt and high yield debt. The fundamental investment objective may only be changed with the approval of a majority of the votes cast at a meeting of unitholders called for that purpose.

Investment Strategy

The fund invests in a portfolio of primarily North American securities, primarily through ETFs and mutual funds that invest in government debt, investment grade debt and high yield debt. The fund may also invest directly in fixed income securities, preferred securities and securities that hold portfolios of mortgages as permitted by Canadian securities laws.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 04-15-2020
Foundation Wealth Partners LP. 03-22-2022

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 No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.65%
Management Fee 0.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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