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Purpose Best Ideas Fund Series A

North American Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-17-2024)
$37.50
Change
$0.07 (0.18%)

As at April 30, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Legend

Purpose Best Ideas Fund Series A

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Fund Returns

Inception Return (April 29, 2014): 6.10%

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 -5.19% 3.99% 26.74% 7.40% 30.33% 10.75% -3.97% 6.46% 4.41% 5.41% 5.71% 7.51% 4.70% 6.05%
Benchmark -2.26% 5.58% 18.44% 7.45% 16.33% 10.96% 9.97% 14.92% 11.38% 11.84% 10.81% 12.10% 10.69% 11.17%
Category Average -3.46% 19.09% 19.09% 5.60% 15.67% 8.56% 4.73% 12.83% 8.73% 8.82% 8.23% 9.14% 7.63% 8.21%
Category Rank 162 / 177 99 / 177 9 / 177 75 / 177 9 / 172 74 / 160 130 / 137 108 / 121 98 / 109 68 / 81 60 / 77 54 / 74 38 / 43 25 / 31
Quartile Ranking 4 3 1 2 1 2 4 4 4 4 4 3 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 3.23% 5.55% 3.82% -2.30% -4.14% -2.93% 12.10% 5.26% 3.28% 6.95% 2.55% -5.19%
Benchmark -2.16% 3.56% 2.65% -0.16% -4.09% -1.39% 7.17% 2.86% 1.77% 4.26% 3.60% -2.26%

Best Monthly Return Since Inception

14.91% (April 2020)

Worst Monthly Return Since Inception

-17.01% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -1.70% -3.51% 21.99% -9.34% 29.78% 22.17% 8.75% -39.71% 34.63%
Benchmark 17.31% 5.50% 14.85% 11.54% -2.58% 24.09% 10.91% 26.72% -9.17% 17.51%
Category Average 14.45% 6.38% 4.55% 10.59% -6.12% 20.45% 16.55% 18.87% -14.77% 16.96%
Quartile Ranking - 3 4 1 3 1 1 4 4 1
Category Rank - 28/ 39 57/ 68 5/ 77 59/ 79 9/ 90 13/ 116 121/ 136 138/ 141 9/ 168

Best Calendar Return (Last 10 years)

34.63% (2023)

Worst Calendar Return (Last 10 years)

-39.71% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 88.36
International Equity 9.81
Cash and Equivalents 1.82
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 41.84
Healthcare 13.28
Consumer Services 9.66
Real Estate 6.50
Financial Services 6.31
Other 22.41

Geographic Allocation

Geographic Allocation
Name Percent
North America 90.18
Latin America 6.23
Asia 3.59

Top Holdings

Top Holdings
Name Percent
Southwest Gas Holdings Inc 3.99
Alphabet Inc Cl A 3.81
NVIDIA Corp 3.73
Taiwan Semiconductor Manufactrg Co Ltd - ADR 3.59
International Flavors & Fragrances Inc 3.58
Twilio Inc Cl A 3.55
Nu Holdings Ltd Cl A 3.53
Chevron Corp 3.50
Anthem Inc 3.48
Fiserv Inc 3.43

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 Best Ideas Fund Series A

Median

Other - North American Equity

3 Yr Annualized

Standard Deviation 22.35% 22.85% 18.98%
Beta 1.46% 1.41% 1.39%
Alpha -0.17% -0.10% -0.08%
Rsquared 0.75% 0.79% 0.74%
Sharpe -0.19% 0.22% 0.33%
Sortino -0.26% 0.24% 0.35%
Treynor -0.03% 0.04% 0.05%
Tax Efficiency - 97.89% -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 17.70% 22.35% 22.85% 18.98%
Beta 1.36% 1.46% 1.41% 1.39%
Alpha 0.07% -0.17% -0.10% -0.08%
Rsquared 0.78% 0.75% 0.79% 0.74%
Sharpe 1.32% -0.19% 0.22% 0.33%
Sortino 3.11% -0.26% 0.24% 0.35%
Treynor 0.17% -0.03% 0.04% 0.05%
Tax Efficiency 100.00% - 97.89% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

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 Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC700

Investment Objectives

The fund seeks to provide shareholders with attractive long-term capital appreciation by investing in a portfolio of North American equities considered to be high conviction securities across a group of some of the world’s most renowned investment managers. The group of investment managers is selected by the manager and the sub-advisor.

Investment Strategy

The fund invests in a portfolio of equities listed on major North American exchanges selected from a universe of equities held by some of the world’s most renowned investment managers as reported through their public filings. These managers are well respected and exhibit outstanding historical performance records. The sub-advisor may in its discretion change the number of holdings held by the fund. The fund also may engage in short selling as permitted by NI 81-102.

Portfolio Manager(s)

Name Start Date
Neuberger Berman Breton Hill ULC 04-23-2014
Purpose Investments Inc. 04-23-2014

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 1.86%
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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