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Purpose Total Return Bond Fund Series A

High Yield Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(05-16-2024)
$15.52
Change
-$0.02 (-0.13%)

As at April 30, 2024

As at April 30, 2024

Period
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Purpose Total Return Bond Fund Series A

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Fund Returns

Inception Return (September 04, 2013): 1.30%

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 -1.44% -0.50% 5.42% -0.51% 1.37% 0.55% -0.96% 0.93% 0.56% 0.81% 0.37% 1.17% 0.73% 0.91%
Benchmark 0.55% 3.28% 8.20% 4.71% 10.33% 8.77% 3.34% 4.51% 3.12% 4.18% 3.35% 5.49% 5.30% 5.68%
Category Average -0.86% 7.34% 7.34% 0.69% 6.00% 2.76% 0.06% 3.64% 1.99% 2.27% 2.19% 3.05% 2.45% 2.45%
Category Rank 267 / 294 274 / 294 274 / 294 267 / 294 283 / 288 269 / 285 239 / 276 253 / 269 236 / 262 228 / 243 214 / 230 194 / 196 181 / 185 169 / 169
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.74% -0.30% 0.04% 0.03% -1.13% -0.80% 3.75% 2.13% -0.02% -0.01% 0.96% -1.44%
Benchmark -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55%

Best Monthly Return Since Inception

4.50% (April 2020)

Worst Monthly Return Since Inception

-7.19% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.62% -1.93% 7.03% 1.69% -3.96% 5.76% 6.14% -0.63% -6.74% 3.82%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 3 2 4 4 4 4 2 4 1 4
Category Rank 110/ 166 77/ 178 177/ 195 194/ 223 183/ 235 227/ 260 92/ 268 246/ 270 52/ 279 271/ 288

Best Calendar Return (Last 10 years)

7.03% (2016)

Worst Calendar Return (Last 10 years)

-6.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 72.78
Cash and Equivalents 14.43
Canadian Corporate Bonds 5.29
Foreign Government Bonds 3.22
Canadian Government Bonds 2.20
Other 2.08

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 85.40
Exchange Traded Fund 11.50
Cash and Cash Equivalent 2.93
Financial Services 0.05
Other 0.12

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.46
Europe 2.06
Latin America 1.05
Africa and Middle East 0.37
Multi-National 0.15
Other 0.91

Top Holdings

Top Holdings
Name Percent
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 66.16
Purpose Global Bond Fund ETF (BND) 15.09
Purpose Cash Management Fund ETF - Closed 11.50
BMO Mid Corporate Bond Index ETF (ZCM) 5.43
BMO Mid Federal Bond Index ETF (ZFM) 1.84
Cash and Cash Equivalents 0.25
United States Dollar 0.04
Canadian Dollar -0.30

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

Purpose Total Return Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 5.26% 6.03% 4.82%
Beta 0.39% 0.57% 0.39%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.27% 0.45% 0.31%
Sharpe -0.68% -0.21% -0.08%
Sortino -0.89% -0.47% -0.51%
Treynor -0.09% -0.02% -0.01%
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.37% 5.26% 6.03% 4.82%
Beta 0.67% 0.39% 0.57% 0.39%
Alpha -0.05% -0.02% -0.01% -0.01%
Rsquared 0.31% 0.27% 0.45% 0.31%
Sharpe -0.61% -0.68% -0.21% -0.08%
Sortino -0.47% -0.89% -0.47% -0.51%
Treynor -0.05% -0.09% -0.02% -0.01%
Tax Efficiency - - - -

Fund Details

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) -

Fund Codes

FundServ Code Load Code Sales Status
PFC100

Investment Objectives

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.

Investment Strategy

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(s)

Name Start Date
Purpose Investments Inc. 09-04-2013
Neuberger Berman Breton Hill ULC 12-10-2020

Management and Organization

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

Investment Minimums

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

Fees

MER 1.47%
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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