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Alternative Equity Focus

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(04-11-2024)
$22.14
Change
$0.33 (1.51%)
Open $21.94
Day Range $21.88 - $22.19
Volume 2,692

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Purpose Microsoft (MSFT) Yield Shares

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Fund Returns

Inception Return (January 23, 2024): 6.99%

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 2.03% - - - - - - - - - - - - -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 2.36% 13.80% 13.80% 8.44% 14.42% 6.00% 5.82% 11.20% - - - - - -
Category Rank 98 / 185 - - - - - - - - - - - - -
Quartile Ranking 3 - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund - - - - - - - - - - 4.93% 2.03%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

4.93% (February 2024)

Worst Monthly Return Since Inception

-0.07% (January 2024)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - -
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

-

Worst Calendar Return (Last 10 years)

-

Asset Allocation

Asset Allocation
Name Percent
US Equity 121.30
Cash and Equivalents -21.31
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 121.50
Cash and Cash Equivalent -21.30
Other -0.20

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Microsoft Corp 121.50
Canadian Dollar -0.15
MSFT US -0.20
United States Dollar -10.15
BMO LEVERAGE -11.01

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date January 23, 2024
Instrument Type Exchange Traded Fund (Alternative)
Share Class Do-It-Yourself
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $22.14
52 Week Low $20.09
Annual Dividend $0.30
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 Microsoft (MSFT) Yield Shares seeks to provide the Unitholders with (i) long-term capital appreciation through purchasing and holding common stock of Microsoft Corporation (“Microsoft”)

Investment Strategy

6. In order to achieve its investment objectives, the Microsoft (MSFT) Yield Shares will purchase and hold up to 100% of its total assets (including assets acquired with borrowings) in common stock of Microsoft and will hedge substantially all of the U.S. dollar currency exposure within the Microsoft (MSFT) Yield Shares’ portfolio back to the Canadian dollar.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 12-14-2022

Management and Organization

Fund Manager Purpose Investments Inc.
Advisor Purpose Investments Inc.
Custodian -
Registrar -
Distributor -
Auditor -

Fees

MER -
Management Fee 0.40%

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