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Purpose Real Estate Income Fund Series A

Real Estate Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(02-05-2025)
$16.83
Change
$0.30 (1.83%)

As at December 31, 2024

As at December 31, 2024

Period
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Legend

Purpose Real Estate Income Fund Series A

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Fund Returns

Inception Return (April 29, 2014): 2.77%

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 -5.82% -9.16% 6.26% 2.41% 2.41% 2.43% -6.49% 2.71% 0.28% 3.64% 3.13% 2.24% 3.37% 2.39%
Benchmark -4.24% -2.74% 11.22% 10.11% 10.11% 10.25% -0.69% 6.36% 2.63% 4.66% 4.38% 4.00% 3.73% 5.34%
Category Average -5.34% -7.10% 7.09% 5.17% 5.17% 5.82% -4.22% 2.94% 0.89% 3.78% 3.25% 3.51% 3.25% 4.09%
Category Rank 118 / 146 130 / 146 117 / 144 128 / 143 128 / 143 132 / 138 121 / 128 94 / 128 95 / 122 71 / 112 73 / 104 93 / 100 56 / 98 83 / 84
Quartile Ranking 4 4 4 4 4 4 4 3 4 3 3 4 3 4

Monthly Return

Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.28% 0.30% 0.42% -6.62% 1.67% 0.51% 7.83% 3.85% 4.46% -5.14% 1.68% -5.82%
Benchmark -3.79% 1.17% 2.80% -4.98% 2.73% 1.36% 6.91% 3.93% 2.91% -1.89% 3.52% -4.24%

Best Monthly Return Since Inception

9.25% (January 2023)

Worst Monthly Return Since Inception

-20.67% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -5.95% 12.86% -3.78% 0.07% 22.25% -8.91% 36.12% -22.06% 2.44% 2.41%
Benchmark 21.00% 1.59% 1.40% 2.74% 15.42% -11.04% 30.68% -19.44% 10.39% 10.11%
Category Average 11.96% 1.20% 5.38% 0.16% 19.52% -6.93% 27.77% -21.53% 6.48% 5.17%
Quartile Ranking 4 1 4 3 1 4 1 3 4 4
Category Rank 84/ 84 12/ 98 99/ 100 75/ 104 21/ 112 105/ 122 6/ 128 66/ 128 127/ 138 128/ 143

Best Calendar Return (Last 10 years)

36.12% (2021)

Worst Calendar Return (Last 10 years)

-22.06% (2022)

Asset Allocation

Asset Allocation
Name Percent
Income Trust Units 58.14
US Equity 27.10
Canadian Equity 12.62
Cash and Equivalents 1.84
Other 0.30

Sector Allocation

Sector Allocation
Name Percent
Real Estate 87.63
Healthcare 6.04
Exchange Traded Fund 1.83
Industrial Services 0.69
Mutual Fund 0.30
Other 3.51

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.70
Multi-National 0.30

Top Holdings

Top Holdings
Name Percent
Flagship Communities REIT - Units 6.10
BSR REIT - Units 5.39
InterRent REIT - Units 4.87
Granite REIT - Units 3.94
Dream Industrial REIT - Units 3.74
Minto Apartment REIT - Units 3.67
Prologis Inc 3.55
Killam Apartment REIT - Units Cl A 3.55
European Residential REIT - Units 3.54
Canadian Apartment Properties REIT - Units 3.48

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Real Estate Income Fund Series A

Median

Other - Real Estate Equity

3 Yr Annualized

Standard Deviation 16.97% 18.08% 14.70%
Beta 0.96% 0.97% 0.83%
Alpha -0.06% -0.02% -0.02%
Rsquared 0.87% 0.89% 0.76%
Sharpe -0.53% -0.02% 0.13%
Sortino -0.64% -0.07% 0.04%
Treynor -0.09% 0.00% 0.02%
Tax Efficiency - - -
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.97% 16.97% 18.08% 14.70%
Beta 1.03% 0.96% 0.97% 0.83%
Alpha -0.07% -0.06% -0.02% -0.02%
Rsquared 0.79% 0.87% 0.89% 0.76%
Sharpe -0.06% -0.53% -0.02% 0.13%
Sortino 0.04% -0.64% -0.07% 0.04%
Treynor -0.01% -0.09% 0.00% 0.02%
Tax Efficiency 22.53% - - -

Fund Details

Start Date April 29, 2014
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
PFC800

Investment Objectives

The fund seeks to (i) provide shareholders with long-term capital appreciation by investing in a portfolio of real estate focused equity securities listed on major North American exchanges and (ii) reduce the risk of rising interest rates associated with real estate equity securities by tactically hedging the duration of the portfolio.

Investment Strategy

The fund uses an active, fundamental approach to investing in real estate equities. The fund will also employ technical analysis to assist in security selection drawing on macroeconomic factors and trends in addition to company-specific growth, equity and value factors. The fund may invest in underlying funds to achieve its investment objectives.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 04-29-2014

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, Chartered Accountants

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 1.94%
Management Fee 1.65%
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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