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Purpose US Preferred Share Fund - ETF Unit (RPU : NEO)

Preferred Sh Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2020

Click for more information on Fundata’s FundGrade

Close
(04-18-2024)
$18.94
Change
-$0.06 (-0.32%)
Open $18.95
Day Range $18.90 - $18.95
Volume 600

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Purpose US Preferred Share Fund - ETF Unit

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Fund Returns

Inception Return (March 15, 2017): 1.54%

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 1.69% 4.90% 12.03% 4.90% 13.64% -1.16% -2.11% 3.23% 1.25% 1.34% 1.38% - - -
Benchmark 3.47% 9.62% 17.59% 9.62% 13.52% -1.22% 1.41% 11.77% 4.28% 2.35% 2.80% 5.01% 2.49% 2.13%
Category Average 3.15% 15.84% 15.84% 8.36% 13.77% -0.57% 1.63% 11.73% 4.43% 2.49% 2.74% 4.97% 2.86% 2.71%
Category Rank 63 / 71 68 / 71 65 / 71 68 / 71 43 / 70 48 / 69 67 / 69 60 / 64 59 / 61 47 / 55 48 / 52 - - -
Quartile Ranking 4 4 4 4 3 3 4 4 4 4 4 - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.46% -0.74% 0.72% 3.15% -1.15% -0.95% -1.91% 4.92% 3.78% 2.84% 0.31% 1.69%
Benchmark 0.27% -3.57% 1.28% 1.45% -4.21% 1.44% -2.80% 9.47% 0.82% 5.81% 0.13% 3.47%

Best Monthly Return Since Inception

7.25% (April 2020)

Worst Monthly Return Since Inception

-13.19% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - -6.14% 15.75% 4.02% 2.63% -15.87% 3.81%
Benchmark 6.82% -14.95% 6.98% 13.62% -7.93% 3.48% 6.16% 19.35% -18.08% 5.90%
Category Average 7.19% -11.52% 8.78% 12.66% -8.25% 4.17% 5.25% 19.63% -16.73% 6.27%
Quartile Ranking - - - - 1 1 4 4 2 4
Category Rank - - - - 11/ 55 3/ 59 53/ 64 65/ 69 28/ 69 58/ 70

Best Calendar Return (Last 10 years)

15.75% (2019)

Worst Calendar Return (Last 10 years)

-15.87% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 85.37
Foreign Government Bonds 6.75
US Equity 5.97
Cash and Equivalents 1.91

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.12
Financial Services 5.97
Cash and Cash Equivalent 1.91

Geographic Allocation

Geographic Allocation
Name Percent
North America 71.55
Europe 27.90
Multi-National 0.55

Top Holdings

Top Holdings
Name Percent
Bank of New York Mellon Corporation (USD) (The) 3.75% 31-Dec-2049 3.77
Charles Schwab Corp - Pfd 3.76
PNC Financial Services Group Inc. (USD) (The) 3.40% 15-Dec-2169 3.46
Capital One Financial Corporation (USD) 3.95% 31-Dec-2049 3.42
JPMorgan Chase & Company (USD) 3.65% 31-Dec-2049 3.41
US Bancorp (USD) 3.70% 15-Jan-2170 3.33
Bank of America Corporation (USD) 4.38% 31-Dec-2049 3.29
Skandinaviska Enskilda Bnkn AB 5.13% PERP 2.99
BNP Paribas SA 7.38% PERP 2.91
M&T Bank Corporation (USD) 3.50% 31-Dec-2049 2.86

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose US Preferred Share Fund - ETF Unit

Median

Other - Preferred Sh Fixed Income

3 Yr Annualized

Standard Deviation 11.31% 11.51% -
Beta 0.63% 0.58% -
Alpha -0.03% -0.01% -
Rsquared 0.46% 0.62% -
Sharpe -0.36% 0.00% -
Sortino -0.52% -0.12% -
Treynor -0.07% 0.00% -
Tax Efficiency - - -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.54% 11.31% 11.51% -
Beta 0.45% 0.63% 0.58% -
Alpha 0.07% -0.03% -0.01% -
Rsquared 0.64% 0.46% 0.62% -
Sharpe 1.11% -0.36% 0.00% -
Sortino 3.37% -0.52% -0.12% -
Treynor 0.19% -0.07% 0.00% -
Tax Efficiency 81.23% - - -

Fund Details

Start Date March 15, 2017
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $19.28
52 Week Low $16.50
Annual Dividend $1.13
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

The fund seeks to provide unitholders with (i) with a regular stream of monthly distributions and (ii) opportunity for capital appreciation by investing primarily in U.S. dollar denominated investment grade preferred securities.

Investment Strategy

-

Portfolio Manager(s)

Name Start Date
Neuberger Berman Investment Advisers LLC 03-15-2017
Purpose Investments Inc. 03-15-2017

Management and Organization

Fund Manager Purpose Investments Inc.
Advisor Purpose Investments Inc.
Custodian CIBC Mellon Trust Company
Registrar TSX Trust Company
Distributor -
Auditor Ernst & Young LLP

Fees

MER 0.88%
Management Fee 0.75%

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