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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (04-02-2025) |
$15.68 |
|---|---|
| Change |
$0.02
(0.13%)
|
As at February 28, 2025
As at February 28, 2025
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Inception Return (September 04, 2013): 1.81%
| 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% | 1.35% | 2.39% | 1.92% | 6.59% | 5.13% | 2.41% | 1.14% | 1.51% | 1.93% | 1.63% | 1.27% | 2.10% | 1.27% |
| Benchmark | 0.36% | 4.44% | 9.83% | 2.31% | 16.13% | 13.40% | 8.80% | 5.52% | 5.20% | 5.67% | 5.57% | 5.31% | 6.56% | 6.01% |
| Category Average | 0.56% | 1.22% | 3.26% | 1.57% | 8.24% | 7.59% | 3.19% | 2.16% | 3.00% | 3.30% | 3.05% | 3.04% | 4.20% | 3.07% |
| Category Rank | 32 / 283 | 177 / 283 | 258 / 283 | 57 / 283 | 266 / 281 | 272 / 275 | 251 / 269 | 241 / 263 | 245 / 252 | 241 / 244 | 219 / 221 | 207 / 209 | 198 / 200 | 187 / 189 |
| Quartile Ranking | 1 | 3 | 4 | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.96% | -1.44% | 1.08% | 0.17% | 2.14% | 1.15% | 1.38% | -1.55% | 1.22% | -0.56% | 1.11% | 0.80% |
| Benchmark | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% | 2.08% | 1.94% | 0.36% |
4.50% (April 2020)
-7.19% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.93% | 7.03% | 1.69% | -3.96% | 5.76% | 6.14% | -0.63% | -6.74% | 3.82% | 4.55% |
| Benchmark | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% |
| Category Average | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% |
| Quartile Ranking | 2 | 4 | 4 | 4 | 4 | 2 | 4 | 1 | 4 | 4 |
| Category Rank | 79/ 182 | 180/ 199 | 195/ 208 | 174/ 219 | 226/ 244 | 92/ 252 | 244/ 257 | 52/ 266 | 270/ 275 | 271/ 281 |
7.03% (2016)
-6.74% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 71.91 |
| Canadian Corporate Bonds | 16.36 |
| Cash and Equivalents | 5.32 |
| Foreign Government Bonds | 3.59 |
| Canadian Government Bonds | 2.29 |
| Other | 0.53 |
| Name | Percent |
|---|---|
| Fixed Income | 94.99 |
| Cash and Cash Equivalent | 3.83 |
| Exchange Traded Fund | 1.49 |
| Financial Services | 0.04 |
| Other | -0.35 |
| Name | Percent |
|---|---|
| North America | 94.87 |
| Europe | 1.98 |
| Latin America | 1.68 |
| Africa and Middle East | 0.82 |
| Multi-National | 0.08 |
| Other | 0.57 |
| Name | Percent |
|---|---|
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 65.56 |
| BMO Mid Corporate Bond Index ETF (ZCM) | 16.54 |
| Purpose Global Bond Fund ETF (BND) | 15.00 |
| BMO Mid Federal Bond Index ETF (ZFM) | 1.51 |
| Purpose Cash Management Fund ETF - Closed | 1.49 |
| Cash and Cash Equivalents | 0.41 |
| United States Dollar | 0.12 |
| Canadian Dollar | -0.63 |
Purpose Total Return Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 5.02% | 6.19% | 4.74% |
|---|---|---|---|
| Beta | 0.40% | 0.55% | 0.38% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.25% | 0.42% | 0.28% |
| Sharpe | -0.26% | -0.11% | -0.06% |
| Sortino | -0.14% | -0.27% | -0.43% |
| Treynor | -0.03% | -0.01% | -0.01% |
| Tax Efficiency | 29.66% | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.99% | 5.02% | 6.19% | 4.74% |
| Beta | -0.04% | 0.40% | 0.55% | 0.38% |
| Alpha | 0.07% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.00% | 0.25% | 0.42% | 0.28% |
| Sharpe | 0.60% | -0.26% | -0.11% | -0.06% |
| Sortino | 1.33% | -0.14% | -0.27% | -0.43% |
| Treynor | -0.57% | -0.03% | -0.01% | -0.01% |
| Tax Efficiency | 73.54% | 29.66% | - | - |
| Start Date | September 04, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC100 |
The fund seeks to achieve a positive total return in diverse market environments over time by tactically allocating its assets among a broad range of fixed income securities, including government debt, investment grade corporate debt and high yield debt.
The fund obtains exposure primarily to a portfolio of fixed income securities including government debt, investment grade corporate debt, notes and high yield debt instruments. The fund primarily invests in a portfolio of North American fixed income securities but may also invest globally. The fund also may engage in short selling as permitted by NI 81-102.
| Portfolio Manager |
Purpose Investments Inc. |
|---|---|
| Sub-Advisor |
Neuberger Berman Breton Hill ULC |
| Fund Manager |
Purpose Investments Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Mellon Global Securities Services Company |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 15,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.48% |
|---|---|
| Management Fee | 0.95% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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