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Purpose Global Bond Fund Class A

Multi-Sector Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-06-2024)
$17.03
Change
$0.05 (0.31%)

As at October 31, 2024

As at October 31, 2024

Period
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Legend

Purpose Global Bond Fund Class A

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Fund Returns

Inception Return (October 28, 2015): 2.07%

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 -0.55% 2.53% 6.46% 6.19% 15.29% 8.56% 1.57% 2.87% 2.61% 2.68% 2.02% 1.78% 2.12% -
Benchmark 0.33% 1.97% 7.16% 7.99% 12.53% 9.08% 1.14% -0.74% 0.75% 2.30% 1.91% 1.66% 2.44% 3.45%
Category Average -1.22% 1.05% 4.75% 3.72% 10.96% - - - - - - - - -
Category Rank 88 / 299 20 / 297 18 / 295 55 / 293 25 / 293 56 / 284 60 / 276 50 / 264 49 / 243 83 / 226 83 / 187 93 / 159 80 / 130 -
Quartile Ranking 2 1 1 1 1 1 1 1 1 2 2 3 3 -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 5.19% 3.21% 0.47% -0.47% 1.03% -1.27% 1.17% 0.70% 1.92% 1.86% 1.21% -0.55%
Benchmark 2.81% 1.36% 0.46% 0.43% 0.67% -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33%

Best Monthly Return Since Inception

5.19% (November 2023)

Worst Monthly Return Since Inception

-10.53% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 3.51% 1.08% -1.38% 3.79% 5.71% 1.88% -8.18% 7.45%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - 3 4 3 4 2 1 2 2
Category Rank - - 88/ 131 142/ 170 123/ 206 218/ 234 104/ 248 59/ 266 102/ 276 92/ 284

Best Calendar Return (Last 10 years)

7.45% (2023)

Worst Calendar Return (Last 10 years)

-8.18% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 49.56
Cash and Equivalents 23.12
Foreign Government Bonds 18.93
Canadian Corporate Bonds 7.01
Foreign Bonds - Other 5.32
Other -3.94

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 83.40
Cash and Cash Equivalent 23.12
Healthcare 0.24
Financial Services 0.21
Other -6.97

Geographic Allocation

Geographic Allocation
Name Percent
North America 74.30
Europe 11.11
Latin America 6.30
Africa and Middle East 2.76
Asia 0.87
Other 4.66

Top Holdings

Top Holdings
Name Percent
United States Treasury 0.75% 15-Nov-2024 11.80
United States Treasury 16-Jan-2025 11.64
United States Treasury 3.63% 31-May-2028 3.19
IRS P CORRA R 3.2145 3.21% 13-Mar-2028 1.87
IRS P CORRA R 3.223 3.22% 17-Jul-2029 1.80
McAfee Preferred Shares 11.00% 31-Dec-2049 1.10
IRS P CORRA R 3.013 3.01% 16-Oct-2034 1.09
T-Mobile USA Inc 3.50% 15-Apr-2026 1.08
United States Dollar 0.98
IRS P CORRA R 3.229 3.23% 25-Jan-2028 0.96

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Purpose Global Bond Fund Class A

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.78% 7.83% -
Beta 0.66% 0.50% -
Alpha 0.01% 0.02% -
Rsquared 0.44% 0.16% -
Sharpe -0.25% 0.08% -
Sortino -0.25% -0.02% -
Treynor -0.03% 0.01% -
Tax Efficiency - 32.22% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.06% 6.78% 7.83% -
Beta 0.91% 0.66% 0.50% -
Alpha 0.04% 0.01% 0.02% -
Rsquared 0.43% 0.44% 0.16% -
Sharpe 1.62% -0.25% 0.08% -
Sortino 6.16% -0.25% -0.02% -
Treynor 0.11% -0.03% 0.01% -
Tax Efficiency 83.76% - 32.22% -

Fund Details

Start Date October 28, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC2100

Investment Objectives

The fund seeks to achieve a positive total return (including through both capital appreciation and distributions) in diverse market environments over time by tactically allocating its assets primarily among a broad range of government and corporate investment grade fixed income securities from around the world.

Investment Strategy

The fund will obtain exposure primarily to a portfolio (the “Portfolio”) of government and corporate investment grade fixed income securities from around the world, the average rating of which will be investment grade. The fund may invest up to 20% of its net asset value in high yield fixed income securities rated below investment grade and up to 15% of its net asset value in structured corporate credit products such as CLO debt tranches and other types of asset-backed securities.

Portfolio Manager(s)

Name Start Date
Neuberger Berman Breton Hill ULC 10-28-2015
Purpose Investments Inc. 10-28-2015

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

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 0.99%
Management Fee 0.85%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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