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Purpose Monthly Income Fund Series A
Global Neutral Balanced
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-09-2026) |
$17.05 |
|---|---|
| Change |
$0.03
(0.17%)
|
As at June 30, 2026
As at June 30, 2026
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Fund Returns
Inception Return (September 06, 2013): 4.41%
| 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 | 0.29% | 2.99% | 8.19% | 8.19% | 15.32% | 12.90% | 10.57% | 8.92% | 6.25% | 7.43% | 5.96% | 5.52% | 4.94% | 4.78% |
| Benchmark | 2.26% | 10.26% | 9.92% | 9.92% | 17.43% | 15.00% | 14.69% | 13.77% | 7.96% | 8.39% | 8.32% | 7.94% | 7.96% | 8.11% |
| Category Average | 1.07% | 7.13% | 7.03% | 7.03% | 13.42% | 11.83% | 11.29% | 10.43% | 5.92% | 7.48% | 6.60% | 6.30% | 6.09% | 6.28% |
| Category Rank | 1,697 / 1,779 | 1,726 / 1,769 | 776 / 1,752 | 776 / 1,752 | 732 / 1,730 | 741 / 1,656 | 1,184 / 1,591 | 1,343 / 1,551 | 818 / 1,410 | 786 / 1,283 | 950 / 1,233 | 883 / 1,106 | 843 / 978 | 802 / 884 |
| Quartile Ranking | 4 | 4 | 2 | 2 | 2 | 2 | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.14% | 2.23% | 2.23% | 0.32% | 1.59% | -0.06% | 3.18% | 4.22% | -2.31% | 1.69% | 0.98% | 0.29% |
| Benchmark | 1.48% | 1.44% | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% | 2.26% |
Best Monthly Return Since Inception
5.76% (April 2020)
Worst Monthly Return Since Inception
-10.01% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 10.11% | 2.29% | -5.06% | 10.11% | 2.22% | 8.60% | -3.69% | 4.61% | 7.01% | 12.57% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.05% | 7.69% | -3.99% | 13.52% | 7.16% | 9.69% | -11.26% | 9.53% | 12.15% | 9.84% |
| Quartile Ranking | 1 | 4 | 4 | 4 | 4 | 3 | 1 | 4 | 4 | 1 |
| Category Rank | 35/ 838 | 886/ 911 | 874/ 1,055 | 1,058/ 1,171 | 1,202/ 1,260 | 800/ 1,344 | 51/ 1,486 | 1,552/ 1,572 | 1,571/ 1,620 | 320/ 1,674 |
Best Calendar Return (Last 10 years)
12.57% (2025)
Worst Calendar Return (Last 10 years)
-5.06% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 31.43 |
| Canadian Equity | 19.53 |
| US Equity | 15.47 |
| Cash and Equivalents | 14.23 |
| International Equity | 12.56 |
| Other | 6.78 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 37.15 |
| Financial Services | 12.68 |
| Energy | 7.59 |
| Cash and Cash Equivalent | 7.24 |
| Exchange Traded Fund | 7.00 |
| Other | 28.34 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 82.15 |
| Europe | 9.25 |
| Asia | 3.49 |
| Latin America | 2.56 |
| Africa and Middle East | 0.95 |
| Other | 1.60 |
Top Holdings
| Name | Percent |
|---|---|
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 22.83 |
| Purpose Global Bond Class ETF (IGB) | 14.56 |
| Purpose International Dividend Fund ETF (PID) | 7.38 |
| Purpose Cash Management Fund ETF - Closed | 5.04 |
| Cash and Cash Equivalents | 3.03 |
| BMO Mid Corporate Bond Index ETF (ZCM) | 2.35 |
| Purpose Emerging Markets Dividend Fund ETF (REM) | 2.04 |
| Purpose Premium Yield Fund ETF (PYF) | 1.93 |
| Toronto-Dominion Bank | 1.46 |
| Purpose Gold Bullion Fund ETF N-C Hgd (KILO.B) | 1.33 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose Monthly Income Fund Series A
Median
Other - Global Neutral Balanced
3 Yr Annualized
| Standard Deviation | 6.00% | 6.94% | 6.89% |
|---|---|---|---|
| Beta | 0.58 | 0.63 | 0.66 |
| Alpha | 0.02 | 0.01 | 0.00 |
| Rsquared | 0.46% | 0.57% | 0.50% |
| Sharpe | 1.13 | 0.49 | 0.43 |
| Sortino | 2.26 | 0.71 | 0.38 |
| Treynor | 0.12 | 0.05 | 0.05 |
| Tax Efficiency | 77.52% | 62.72% | 50.62% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.93% | 6.00% | 6.94% | 6.89% |
| Beta | 0.44 | 0.58 | 0.63 | 0.66 |
| Alpha | 0.07 | 0.02 | 0.01 | 0.00 |
| Rsquared | 0.30% | 0.46% | 0.57% | 0.50% |
| Sharpe | 2.05 | 1.13 | 0.49 | 0.43 |
| Sortino | 4.45 | 2.26 | 0.71 | 0.38 |
| Treynor | 0.28 | 0.12 | 0.05 | 0.05 |
| Tax Efficiency | 84.73% | 77.52% | 62.72% | 50.62% |
Fund Details
| Start Date | September 06, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Partially Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC200 |
Investment Objectives
The fund seeks to (i) maximize total return, consisting of dividend income and capital appreciation by tactically investing in a broad range of asset classes which may include equity, fixed income and inflation sensitive securities and cash; and (ii) provide shareholders with stable monthly distributions.
Investment Strategy
The fund is tactically managed across a broad range of asset classes including equities, fixed income, inflation sensitive securities and cash based on a risk-parity weighting methodology, with the goal of achieving a positive total return in diverse market environments while reducing portfolio risk.
Portfolio Management
| Portfolio Manager |
Purpose Investments Inc. |
|---|---|
| Sub-Advisor |
Neuberger Berman Breton Hill ULC |
Management and Organization
| Fund Manager |
Purpose Investments Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Mellon Global Securities Services Company |
| Distributor |
- |
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 | 1.85% |
|---|---|
| Management Fee | 1.55% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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