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Purpose Best Ideas Fund Series A
North American Equity
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade A
Click for more information on Fundata’s ESG Grade.
|
NAVPS (06-18-2026) |
$47.63 |
|---|---|
| Change |
$0.75
(1.59%)
|
As at May 31, 2026
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (April 29, 2014): 8.02%
| 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 | 8.27% | 11.39% | 4.57% | 4.95% | 17.93% | 16.50% | 21.06% | 17.46% | 4.66% | 9.28% | 9.57% | 8.09% | 8.29% | 9.46% |
| Benchmark | 4.56% | 6.73% | 11.12% | 11.43% | 33.31% | 25.37% | 24.57% | 19.08% | 16.40% | 18.30% | 16.51% | 15.11% | 14.39% | 14.61% |
| Category Average | 2.60% | 3.21% | 8.41% | 7.06% | 17.45% | 12.85% | 15.32% | 11.80% | 8.55% | 12.30% | 10.90% | 9.85% | 9.55% | 9.80% |
| Category Rank | 14 / 192 | 18 / 189 | 120 / 188 | 124 / 189 | 99 / 185 | 67 / 177 | 36 / 172 | 27 / 160 | 132 / 136 | 107 / 119 | 91 / 107 | 70 / 81 | 62 / 74 | 53 / 73 |
| Quartile Ranking | 1 | 1 | 3 | 3 | 3 | 2 | 1 | 1 | 4 | 4 | 4 | 4 | 4 | 3 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.51% | 0.50% | 1.69% | 3.79% | 1.05% | -1.23% | -0.36% | -1.32% | -4.53% | -6.38% | 9.89% | 8.27% |
| Benchmark | 3.56% | 2.72% | 3.12% | 5.20% | 2.01% | 1.91% | -0.28% | 0.61% | 3.77% | -3.61% | 5.90% | 4.56% |
Best Monthly Return Since Inception
14.91% (April 2020)
Worst Monthly Return Since Inception
-17.01% (April 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -3.51% | 21.99% | -9.34% | 29.78% | 22.17% | 8.75% | -39.71% | 34.63% | 22.27% | 17.61% |
| Benchmark | 14.85% | 11.54% | -2.58% | 24.09% | 10.91% | 26.72% | -9.17% | 17.51% | 28.77% | 21.74% |
| Category Average | 4.55% | 10.59% | -6.12% | 20.45% | 16.55% | 18.87% | -14.77% | 16.96% | 18.75% | 8.61% |
| Quartile Ranking | 4 | 1 | 3 | 1 | 1 | 4 | 4 | 1 | 2 | 1 |
| Category Rank | 58/ 69 | 4/ 74 | 57/ 76 | 8/ 88 | 13/ 114 | 122/ 134 | 138/ 141 | 10/ 169 | 86/ 176 | 29/ 184 |
Best Calendar Return (Last 10 years)
34.63% (2023)
Worst Calendar Return (Last 10 years)
-39.71% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 84.00 |
| International Equity | 20.61 |
| Cash and Equivalents | -4.61 |
Sector Allocation
| Name | Percent |
|---|---|
| Technology | 49.27 |
| Healthcare | 14.32 |
| Financial Services | 13.62 |
| Consumer Services | 10.10 |
| Industrial Goods | 7.19 |
| Other | 5.50 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 79.39 |
| Europe | 10.41 |
| Latin America | 6.75 |
| Asia | 3.45 |
Top Holdings
| Name | Percent |
|---|---|
| Applovin Corp Cl A | 4.24 |
| Advanced Micro Devices Inc | 3.98 |
| Illumina Inc | 3.78 |
| Block Inc Cl A | 3.72 |
| Thermo Fisher Scientific Inc | 3.68 |
| CRH PLC | 3.63 |
| Broadcom Inc | 3.62 |
| Microsoft Corp | 3.61 |
| Boeing Co | 3.56 |
| Applied Materials Inc | 3.55 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose Best Ideas Fund Series A
Median
Other - North American Equity
3 Yr Annualized
| Standard Deviation | 16.42% | 20.11% | 19.01% |
|---|---|---|---|
| Beta | 1.32 | 1.39 | 1.35 |
| Alpha | -0.09 | -0.16 | -0.09 |
| Rsquared | 0.68% | 0.71% | 0.74% |
| Sharpe | 1.03 | 0.18 | 0.47 |
| Sortino | 2.00 | 0.25 | 0.60 |
| Treynor | 0.13 | 0.03 | 0.07 |
| Tax Efficiency | 97.43% | 92.89% | 97.64% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 17.00% | 16.42% | 20.11% | 19.01% |
| Beta | 1.41 | 1.32 | 1.39 | 1.35 |
| Alpha | -0.24 | -0.09 | -0.16 | -0.09 |
| Rsquared | 0.57% | 0.68% | 0.71% | 0.74% |
| Sharpe | 0.91 | 1.03 | 0.18 | 0.47 |
| Sortino | 1.76 | 2.00 | 0.25 | 0.60 |
| Treynor | 0.11 | 0.13 | 0.03 | 0.07 |
| Tax Efficiency | 100.00% | 97.43% | 92.89% | 97.64% |
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 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 | 1.87% |
|---|---|
| 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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