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Purpose Tactical Asset Allocation Fund - ETF Shares (RTA : NEO)

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Tactical Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020

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Close
(11-21-2024) 		$30.88
Change
$0.14 (0.46%)
Open $30.76
Day Range $30.76 - $30.88
Volume 12,902

As at October 31, 2024

As at October 31, 2024

As at July 31, 2024

  • Closing Price / Volume
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Purpose Tactical Asset Allocation Fund - ETF Shares

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Fund Returns

Inception Return (May 24, 2017): 6.14%

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 1.40% 0.07% 5.83% 9.29% 16.25% 8.81% 3.72% 6.42% 7.15% 7.54% 6.49% - - -
Benchmark 0.21% 2.39% 9.50% 14.01% 22.16% 14.87% 4.91% 6.20% 6.36% 7.25% 6.28% 6.58% 6.60% 7.43%
Category Average -0.28% 7.85% 7.85% 10.46% 19.51% 10.51% 3.22% 6.15% 5.04% 5.44% 4.18% 4.52% 4.44% 4.16%
Category Rank 22 / 343 334 / 341 285 / 340 228 / 338 264 / 338 239 / 336 160 / 331 152 / 314 58 / 307 64 / 290 52 / 273 - - -
Quartile Ranking 1 4 4 3 4 3 2 2 1 1 1 - - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.95% 2.32% 0.38% 1.98% 2.69% -1.77% 1.17% 1.38% 3.11% -2.02% 0.72% 1.40%
Benchmark 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25% 0.21%

Best Monthly Return Since Inception

6.85% (April 2020)

Worst Monthly Return Since Inception

-5.16% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -1.32% 13.61% 13.45% 10.50% -7.82% 9.12%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 6.78% 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35%
Quartile Ranking - - - - 1 2 1 3 2 2
Category Rank - - - - 47/ 273 132/ 291 14/ 312 174/ 314 93/ 335 128/ 336

Best Calendar Return (Last 10 years)

13.61% (2019)

Worst Calendar Return (Last 10 years)

-7.82% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 40.02
US Equity 21.95
Foreign Corporate Bonds 15.55
Canadian Government Bonds 11.14
Canadian Corporate Bonds 4.87
Other 6.47

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 22.65
Financial Services 14.99
Technology 13.46
Exchange Traded Fund 11.43
Energy 7.06
Other 30.41

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.71
Europe 0.57
Latin America 0.46
Asia 0.15
Other 0.11

Top Holdings

Top Holdings
Name Percent
iShares Core S&P/TSX Capped Composit Idx ETF (XIC) 41.13
Vanguard Total Stock Market Index ETF (VTI) 12.51
Vanguard Short-Term Bond Index ETF (BSV) 11.43
Invesco QQQ ETF (QQQ) 10.10
iShares Core Canadian Short Term Bon Idx ETF (XSB) 9.45
iShares Core Canadian Universe Bond Idx ETF (XBB) 6.95
Vanguard Total Bond Market Index ETF (BND) 6.35
United States Dollar 1.46
Purpose USD Cash Management Fund 0.52
Cash and Cash Equivalents 0.25

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Tactical Asset Allocation Fund - ETF Shares

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 7.67% 7.78% -
Beta 0.75% 0.82% -
Alpha 0.00% 0.02% -
Rsquared 0.78% 0.75% -
Sharpe 0.06% 0.64% -
Sortino 0.17% 0.85% -
Treynor 0.01% 0.06% -
Tax Efficiency 98.29% 99.40% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.22% 7.67% 7.78% -
Beta 0.90% 0.75% 0.82% -
Alpha -0.03% 0.00% 0.02% -
Rsquared 0.74% 0.78% 0.75% -
Sharpe 1.72% 0.06% 0.64% -
Sortino 4.05% 0.17% 0.85% -
Treynor 0.12% 0.01% 0.06% -
Tax Efficiency 100.00% 98.29% 99.40% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date May 24, 2017
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) -
52 Week High $31.05
52 Week Low $26.90
Annual Dividend -
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure -
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

The fund seeks to provide long-term capital appreciation with lower volatility and correlation to the overall equity markets by investing in ETFs that are listed on North American exchanges and that represent North American equities, bonds and cash, using a tactical approach. The fund’s tactical investment approach can allocate the portfolio to equities, bonds and cash to achieve its objectives.

Investment Strategy

The portfolio manager will employ a proprietary, quantitatively driven investment process which drives its asset allocation decisions. The fund’s quantitative approach provides signals to the portfolio management team to increase equity exposure in up-markets and increase bond exposure in down-markets, in an effort to generate returns and also to avoid significant market declines.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 04-14-2022

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

Fees

MER 0.95%
Management Fee 0.75%

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