Fund Library Home Page
Sign In Français

  • My Watchlist is is a members only feature. Sign in or Sign up for free access to the watchlist feature.

Try Fund Library Premium

For Free with a 30 day trial!

Gain access to

  • Unlimited Watchlists
  • Advanced Search Filtering
  • Fund Comparisons
  • Portfolio Scenarios
  • Customizable PDF Reports
Sign up Now More Info

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

Add to My Watchlist

Preferred Sh Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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
(04-30-2025) 		$19.33
Change
-$0.15 (-0.77%)
Open $19.28
Day Range $19.23 - $19.30
Volume 400

As at March 31, 2025

As at March 31, 2025

  • Closing Price / Volume
Period
Created with Highcharts 10.3.3Closing PriceVolumeJul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025May 2024Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 20252018-01-012019-01-012020-01-012021-01-012022-01-012023-01-012024-01-012025-01-012025-0…$20.00$15.00$25.00$30.00$18.00$19.00$21.000100,000200,00010,00020,000Period
Created with Highcharts 10.3.3Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025May 2024Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Dec 2024Jan 2025Feb 2025Mar 2025Apr 20252018-01-012019-01-012020-01-012021-01-012022-01-012023-01-012024-01-012025-01-012025-…-40%-30%-20%-10%0%10%-2%2%4%6%8%Period

Legend

Purpose US Preferred Share Fund - ETF Unit

Compare Options

Fund Returns

Inception Return (March 15, 2017): 2.30%

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 -0.39% 1.04% 2.16% 1.04% 7.76% 10.66% 1.73% 0.27% 4.12% 2.31% 2.24% 2.16% - -
Benchmark -0.12% 2.59% 6.17% 2.59% 16.70% 15.10% 4.42% 5.03% 12.74% 6.26% 4.29% 4.44% 6.25% 3.83%
Category Average -0.53% 5.37% 5.37% 1.96% 14.30% 14.03% 4.16% 4.66% 12.24% 6.01% 4.10% 4.12% 5.97% 3.95%
Category Rank 35 / 65 59 / 65 60 / 65 59 / 65 58 / 63 58 / 63 61 / 63 61 / 63 56 / 58 53 / 55 46 / 49 45 / 47 - -
Quartile Ranking 3 4 4 4 4 4 4 4 4 4 4 4 - -

Monthly Return

Created with Highcharts 10.3.3Apr 24May 24Jun 24Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25-2%-1%0%1%2%3%4%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -0.58% 1.71% 0.80% 1.02% 1.04% 1.38% 0.09% 0.80% 0.23% 0.94% 0.49% -0.39%
Benchmark 1.22% 2.94% -0.02% 2.25% 2.71% 0.48% -1.38% 2.29% 2.59% 2.25% 0.45% -0.12%

Best Monthly Return Since Inception

7.25% (April 2020)

Worst Monthly Return Since Inception

-13.19% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-30%-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - -6.14% 15.75% 4.02% 2.63% -15.87% 3.81% 11.88%
Benchmark -14.95% 6.98% 13.62% -7.93% 3.48% 6.16% 19.35% -18.08% 5.90% 24.70%
Category Average -11.52% 8.78% 12.66% -8.25% 4.17% 5.25% 19.63% -16.73% 6.27% 21.47%
Quartile Ranking - - - 1 1 4 4 2 4 4
Category Rank - - - 11/ 49 3/ 53 47/ 58 59/ 63 27/ 63 51/ 63 60/ 63

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 84.67
Foreign Government Bonds 7.96
US Equity 7.68
Cash and Equivalents -0.31

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.63
Financial Services 7.68
Cash and Cash Equivalent -0.31

Geographic Allocation

Geographic Allocation
Name Percent
North America 73.52
Europe 26.47
Other 0.01

Top Holdings

Top Holdings
Name Percent
PNC Financial Services Group Inc. (USD) (The) 3.40% 15-Dec-2169 5.12
US Bancorp (USD) 3.70% 15-Jan-2170 5.01
Charles Schwab Corp - Pfd 4.50
M&T Bank Corporation (USD) 3.50% 31-Dec-2049 4.36
Citigroup Inc. (USD) 3.88% 18-May-2169 4.34
Bank of New York Mellon Corporation (USD) (The) 3.75% 31-Dec-2049 4.20
Skandinaviska Enskilda Bnkn AB 5.13% PERP 4.15
HSBC Holdings PLC 4.00% PERP 3.98
BNP Paribas SA 7.38% PERP 3.95
Bank of America Corporation (USD) 4.38% 31-Dec-2049 3.44

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return91011121314151617-4%-2%0%2%4%6%8%

Purpose US Preferred Share Fund - ETF Unit

Median

Other - Preferred Sh Fixed Income

3 Yr Annualized

Standard Deviation 11.09% 9.71% -
Beta 0.62% 0.58% -
Alpha -0.01% -0.03% -
Rsquared 0.47% 0.51% -
Sharpe -0.14% 0.22% -
Sortino -0.08% 0.22% -
Treynor -0.03% 0.04% -
Tax Efficiency - 47.41% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.38% 11.09% 9.71% -
Beta 0.23% 0.62% 0.58% -
Alpha 0.04% -0.01% -0.03% -
Rsquared 0.22% 0.47% 0.51% -
Sharpe 1.52% -0.14% 0.22% -
Sortino 4.28% -0.08% 0.22% -
Treynor 0.16% -0.03% 0.04% -
Tax Efficiency 69.73% - 47.41% -

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 $20.78
52 Week Low $18.15
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

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.

Portfolio Management

Portfolio Manager

Neuberger Berman Investment Advisers LLC
Sub-Advisor

Neuberger Berman Investment Advisers LLC

Management and Organization

Fund Manager

Purpose Investments Inc.
Custodian

CIBC Mellon Trust Company
Registrar

TSX Trust Company
Distributor

-

Fees

MER 0.96%
Management Fee 0.75%

Try Fund Library Premium

For Free with a 30 day trial!

Gain access to

  • Unlimited Watchlists
  • Advanced Search Filtering
  • Fund Comparisons
  • Portfolio Scenarios
  • Customizable PDF Reports
Sign up Now More Info