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Purpose Best Ideas Fund Series XF Non-Currency Hedged

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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
(05-02-2025) 		$40.54
Change
$0.66 (1.67%)

As at March 31, 2025

As at March 31, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Sep 2015May 2016Jan 2017Sep 2017May 2018Jan 2019Sep 2019May 2020Jan 2021Sep 2021May 2022Jan 2023Sep 2023May 2024Jan 2025Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2016Jul 2017Jan 2019Jul 2020Jan 2022Jul 2023Jan 2025Jan…$10,000$15,000$20,000$25,000$5,000$30,000$7,500$12,500$17,500Period

Legend

Purpose Best Ideas Fund Series XF Non-Currency Hedged

Compare Options

Fund Returns

Inception Return (August 20, 2015): 8.91%

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 -7.11% -1.75% 5.21% -1.75% 13.43% 27.12% 11.56% 6.50% 13.15% 10.09% 9.96% 9.94% 11.22% -
Benchmark -3.77% -1.44% 4.89% -1.44% 15.45% 18.62% 11.08% 12.69% 17.93% 13.19% 12.85% 11.99% 12.80% 11.32%
Category Average -4.83% -3.45% -1.26% -3.45% 4.82% 12.41% 6.37% 6.43% 14.48% 9.32% 8.84% 8.44% 8.97% 7.58%
Category Rank 160 / 187 94 / 186 42 / 185 94 / 186 33 / 180 3 / 176 35 / 164 99 / 140 85 / 120 52 / 112 41 / 82 28 / 79 22 / 72 -
Quartile Ranking 4 3 1 3 1 1 1 3 3 2 2 2 2 -

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -3.60% 2.57% 3.35% 2.20% 2.04% 1.17% 2.94% 6.84% -2.64% 8.71% -2.70% -7.11%
Benchmark -2.26% 3.45% 1.28% 4.00% 0.64% 2.69% 1.48% 6.48% -1.51% 3.47% -1.01% -3.77%

Best Monthly Return Since Inception

14.13% (April 2020)

Worst Monthly Return Since Inception

-15.01% (April 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-40%-20%0%20%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - -4.43% 16.78% -0.96% 25.65% 25.15% 8.73% -34.06% 35.56% 34.07%
Benchmark 5.50% 14.85% 11.54% -2.58% 24.09% 10.91% 26.72% -9.17% 17.51% 28.77%
Category Average 6.38% 4.55% 10.59% -6.12% 20.45% 16.55% 18.87% -14.77% 16.96% 18.75%
Quartile Ranking - 4 1 2 2 1 4 4 1 1
Category Rank - 65/ 70 9/ 79 21/ 81 31/ 93 6/ 119 125/ 139 134/ 145 6/ 172 27/ 180

Best Calendar Return (Last 10 years)

35.56% (2023)

Worst Calendar Return (Last 10 years)

-34.06% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 80.92
International Equity 18.77
Cash and Equivalents 0.31

Sector Allocation

Sector Allocation
Name Percent
Technology 48.85
Consumer Services 13.05
Healthcare 10.55
Financial Services 10.34
Industrial Goods 6.67
Other 10.54

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.23
Europe 6.24
Latin America 6.14
Asia 3.22
Africa and Middle East 3.16
Other 0.01

Top Holdings

Top Holdings
Name Percent
UnitedHealth Group Inc 3.62
Eli Lilly and Co 3.60
General Electric Co 3.60
Visa Inc Cl A 3.52
CBRE Group Inc Cl A 3.51
Apple Inc 3.50
Coca-Cola Co 3.47
Advanced Micro Devices Inc 3.47
Alight Inc Cl A 3.46
Mastercard Inc Cl A 3.46

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return02468101214161820222426283032-30%-20%-10%0%10%20%

Purpose Best Ideas Fund Series XF Non-Currency Hedged

Median

Other - North American Equity

3 Yr Annualized

Standard Deviation 19.86% 19.05% -
Beta 1.23% 1.24% -
Alpha -0.01% -0.07% -
Rsquared 0.69% 0.70% -
Sharpe 0.46% 0.62% -
Sortino 0.71% 0.90% -
Treynor 0.07% 0.10% -
Tax Efficiency 93.95% 94.83% -
Volatility 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 15.55% 19.86% 19.05% -
Beta 1.33% 1.23% 1.24% -
Alpha -0.06% -0.01% -0.07% -
Rsquared 0.78% 0.69% 0.70% -
Sharpe 0.63% 0.46% 0.62% -
Sortino 1.16% 0.71% 0.90% -
Treynor 0.07% 0.07% 0.10% -
Tax Efficiency 85.99% 93.95% 94.83% -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A61.3​61.358.0​58.00%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A66.6​66.661.6​61.60%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A39.0​39.052.7​52.70%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A76.1​76.158.7​58.70%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

Fund Details

Start Date August 20, 2015
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
PFC791

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 -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.48%
Management Fee 0.65%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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