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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 (06-18-2026) |
$17.08 |
|---|---|
| Change |
-$0.02
(-0.14%)
|
As at May 31, 2026
As at May 31, 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 | 0.98% | 0.32% | 7.81% | 7.87% | 16.45% | 12.32% | 11.07% | 7.39% | 6.25% | 7.47% | 6.19% | 5.60% | 4.76% | 4.85% |
| Benchmark | 4.15% | 4.24% | 6.13% | 7.49% | 17.74% | 14.74% | 14.02% | 11.92% | 8.11% | 8.14% | 8.14% | 7.77% | 7.25% | 7.84% |
| Category Average | 2.60% | 2.28% | 5.38% | 5.90% | 14.32% | 11.64% | 11.45% | 8.71% | 6.06% | 7.52% | 6.76% | 6.24% | 5.81% | 6.18% |
| Category Rank | 1,671 / 1,773 | 1,648 / 1,770 | 243 / 1,753 | 303 / 1,754 | 627 / 1,730 | 777 / 1,653 | 1,033 / 1,582 | 1,314 / 1,554 | 847 / 1,395 | 755 / 1,281 | 893 / 1,237 | 833 / 1,104 | 823 / 981 | 762 / 877 |
| Quartile Ranking | 4 | 4 | 1 | 1 | 2 | 2 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 4 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.27% | 0.14% | 2.23% | 2.23% | 0.32% | 1.59% | -0.06% | 3.18% | 4.22% | -2.31% | 1.69% | 0.98% |
| Benchmark | 2.53% | 1.48% | 1.44% | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% |
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 | 37/ 840 | 887/ 914 | 878/ 1,059 | 1,060/ 1,175 | 1,203/ 1,264 | 803/ 1,348 | 51/ 1,490 | 1,557/ 1,577 | 1,575/ 1,625 | 320/ 1,680 |
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 | 30.59 |
| Canadian Equity | 19.32 |
| US Equity | 15.41 |
| Cash and Equivalents | 14.99 |
| International Equity | 12.65 |
| Other | 7.04 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 36.46 |
| Financial Services | 11.66 |
| Energy | 8.09 |
| Cash and Cash Equivalent | 7.87 |
| Basic Materials | 7.63 |
| Other | 28.29 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 81.80 |
| Europe | 9.14 |
| Asia | 3.75 |
| Latin America | 2.58 |
| Africa and Middle East | 1.01 |
| Other | 1.72 |
Top Holdings
| Name | Percent |
|---|---|
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 22.57 |
| Purpose Global Bond Class ETF (IGB) | 14.73 |
| Purpose International Dividend Fund ETF (PID) | 7.33 |
| Purpose Cash Management Fund ETF - Closed | 5.10 |
| Cash and Cash Equivalents | 3.13 |
| BMO Mid Corporate Bond Index ETF (ZCM) | 2.37 |
| Purpose Emerging Markets Dividend Fund ETF (REM) | 2.07 |
| Purpose Premium Yield Fund ETF (PYF) | 1.95 |
| Purpose Gold Bullion Fund ETF N-C Hgd (KILO.B) | 1.48 |
| Toronto-Dominion Bank | 1.35 |
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 | 6.01% | 6.94% | 6.90% |
|---|---|---|---|
| Beta | 0.58 | 0.62 | 0.66 |
| Alpha | 0.03 | 0.01 | 0.00 |
| Rsquared | 0.47% | 0.56% | 0.50% |
| Sharpe | 1.19 | 0.49 | 0.45 |
| Sortino | 2.40 | 0.71 | 0.40 |
| Treynor | 0.12 | 0.05 | 0.05 |
| Tax Efficiency | 78.39% | 62.75% | 51.51% |
| Volatility |
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.84% | 6.01% | 6.94% | 6.90% |
| Beta | 0.45 | 0.58 | 0.62 | 0.66 |
| Alpha | 0.08 | 0.03 | 0.01 | 0.00 |
| Rsquared | 0.33% | 0.47% | 0.56% | 0.50% |
| Sharpe | 2.25 | 1.19 | 0.49 | 0.45 |
| Sortino | 4.84 | 2.40 | 0.71 | 0.40 |
| Treynor | 0.29 | 0.12 | 0.05 | 0.05 |
| Tax Efficiency | 85.64% | 78.39% | 62.75% | 51.51% |
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) | - |
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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