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Preferred Sh Fixed Income
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2020
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|
Close (12-20-2024) |
$19.79 |
|---|---|
| Change |
$0.07
(0.35%)
|
| Open | - |
|---|---|
| Day Range | - - - |
| Volume | 50 |
As at November 30, 2024
As at November 30, 2024
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Inception Return (March 15, 2017): 2.23%
| 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 | 0.80% | 2.28% | 5.23% | 11.62% | 15.84% | 8.36% | -0.42% | 0.22% | 0.96% | 2.75% | 1.75% | - | - | - |
| Benchmark | 2.29% | 1.36% | 6.42% | 21.55% | 22.55% | 12.47% | 2.24% | 6.55% | 6.49% | 5.27% | 3.52% | 5.18% | 5.24% | 2.75% |
| Category Average | 2.02% | 6.38% | 6.38% | 19.18% | 20.65% | 11.95% | 2.15% | 6.75% | 6.41% | 5.30% | 3.44% | 4.99% | 5.19% | 3.22% |
| Category Rank | 62 / 65 | 18 / 63 | 62 / 63 | 60 / 63 | 59 / 63 | 60 / 63 | 61 / 63 | 61 / 63 | 57 / 58 | 52 / 53 | 47 / 49 | - | - | - |
| Quartile Ranking | 4 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.78% | 2.84% | 0.31% | 1.69% | -0.58% | 1.71% | 0.80% | 1.02% | 1.04% | 1.38% | 0.09% | 0.80% |
| Benchmark | 0.82% | 5.81% | 0.13% | 3.47% | 1.22% | 2.94% | -0.02% | 2.25% | 2.71% | 0.48% | -1.38% | 2.29% |
7.25% (April 2020)
-13.19% (March 2020)
| 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/ 49 | 3/ 53 | 47/ 58 | 59/ 63 | 27/ 63 | 51/ 63 |
15.75% (2019)
-15.87% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 83.06 |
| US Equity | 7.29 |
| Foreign Government Bonds | 6.79 |
| Cash and Equivalents | 2.85 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 89.86 |
| Financial Services | 7.29 |
| Cash and Cash Equivalent | 2.86 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| North America | 76.71 |
| Europe | 23.30 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| M&T Bank Corporation (USD) 3.50% 31-Dec-2049 | 4.67 |
| Bank of New York Mellon Corporation (USD) (The) 3.75% 31-Dec-2049 | 4.59 |
| Charles Schwab Corp - Pfd | 4.58 |
| US Bancorp (USD) 3.70% 15-Jan-2170 | 4.54 |
| PNC Financial Services Group Inc. (USD) (The) 3.40% 15-Dec-2169 | 4.34 |
| Bank of America Corporation (USD) 4.38% 31-Dec-2049 | 3.93 |
| Citigroup Inc. (USD) 3.88% 18-May-2169 | 3.67 |
| Skandinaviska Enskilda Bnkn AB 5.13% PERP | 3.49 |
| BNP Paribas SA 7.38% PERP | 3.44 |
| HSBC Holdings PLC 4.00% PERP | 3.38 |
Purpose US Preferred Share Fund - ETF Unit
Median
Other - Preferred Sh Fixed Income
| Standard Deviation | 11.36% | 11.48% | - |
|---|---|---|---|
| Beta | 0.64% | 0.60% | - |
| Alpha | -0.02% | -0.03% | - |
| Rsquared | 0.47% | 0.64% | - |
| Sharpe | -0.29% | -0.06% | - |
| Sortino | -0.32% | -0.15% | - |
| Treynor | -0.05% | -0.01% | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.10% | 11.36% | 11.48% | - |
| Beta | 0.28% | 0.64% | 0.60% | - |
| Alpha | 0.09% | -0.02% | -0.03% | - |
| Rsquared | 0.21% | 0.47% | 0.64% | - |
| Sharpe | 2.53% | -0.29% | -0.06% | - |
| Sortino | 14.10% | -0.32% | -0.15% | - |
| Treynor | 0.36% | -0.05% | -0.01% | - |
| Tax Efficiency | 84.21% | - | - | - |
| 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 | $20.78 |
| 52 Week Low | $17.55 |
| Annual Dividend | $1.13 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
| Exposure | 1x performance |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
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.
To achieve its investment objectives the fund will invest primarily in a portfolio of U.S. investment grade preferred securities of issuers that the investment sub-advisor or the manager believes have strong fundamentals and are priced at attractive relative valuations and will be actively managed by the investment sub-advisor. Preferred securities are primarily issued by companies in the financial sector and, to a lesser degree, by companies in other sectors, such as industrials and utilities.
| Name | Start Date |
|---|---|
| Neuberger Berman Investment Advisers LLC | 03-15-2017 |
| Purpose Investments Inc. | 03-15-2017 |
| Fund Manager | Purpose Investments Inc. |
|---|---|
| Advisor | Purpose Investments Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | TSX Trust Company |
| Distributor | - |
| Auditor | Ernst & Young LLP |
| MER | 0.96% |
|---|---|
| Management Fee | 0.75% |
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