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Purpose Conservative Income Fund Series A

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Global Neutral Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(10-10-2024) 		$18.14
Change
-$0.01 (-0.07%)

As at September 30, 2024

As at August 31, 2024

Period
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Legend

Purpose Conservative Income Fund Series A

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Fund Returns

Inception Return (October 26, 2016): 2.09%

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 1.28% 6.25% 4.34% 5.47% 10.95% 5.39% 0.87% 2.81% 1.47% 2.33% 1.99% - - -
Benchmark 2.25% 5.52% 7.56% 13.77% 22.16% 16.11% 4.86% 5.75% 6.55% 6.63% 6.88% 6.53% 6.81% 7.54%
Category Average 1.80% 6.15% 6.15% 10.92% 18.92% 12.72% 3.80% 5.79% 5.42% 5.29% 5.18% 5.15% 5.35% 5.04%
Category Rank 1,633 / 1,737 197 / 1,736 1,641 / 1,705 1,692 / 1,705 1,681 / 1,681 1,644 / 1,644 1,484 / 1,498 1,335 / 1,365 1,290 / 1,294 1,176 / 1,189 1,055 / 1,061 - - -
Quartile Ranking 4 1 4 4 4 4 4 4 4 4 4 - - -

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -1.26% 3.85% 2.59% 0.44% -0.17% 0.81% -2.30% 0.92% -0.41% 3.21% 1.65% 1.28%
Benchmark 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25%

Best Monthly Return Since Inception

5.15% (April 2020)

Worst Monthly Return Since Inception

-8.67% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 2.30% -1.48% 7.94% 0.08% 5.08% -4.06% 0.60%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - 4 1 4 4 4 1 4
Category Rank - - - 944/ 972 259/ 1,115 1,210/ 1,229 1,292/ 1,311 1,320/ 1,396 50/ 1,534 1,651/ 1,652

Best Calendar Return (Last 10 years)

7.94% (2019)

Worst Calendar Return (Last 10 years)

-4.06% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 32.52
Foreign Corporate Bonds 23.28
Canadian Equity 16.99
Foreign Government Bonds 11.25
Cash and Equivalents 9.55
Other 6.41

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 40.99
Financial Services 9.63
Cash and Cash Equivalent 7.33
Energy 6.79
Technology 5.48
Other 29.78

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.61
Europe 3.59
Latin America 1.38
Africa and Middle East 0.75
Multi-National 0.15
Other 0.52

Top Holdings

Top Holdings
Name Percent
Purpose Global Bond Fund ETF (BND) 18.29
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 14.35
iShares 20 Plus Year Treasury Bond ETF (TLT) 7.32
BMO Mid Corporate Bond Index ETF (ZCM) 2.82
United States Dollar 2.69
Purpose Cash Management Fund ETF - Closed 2.23
Abbvie Inc 1.22
Exxon Mobil Corp 1.09
Procter & Gamble Co 1.04
TC Energy Corp 1.00

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Purpose Conservative Income Fund Series A

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 6.24% 7.26% -
Beta 0.55% 0.68% -
Alpha -0.02% -0.03% -
Rsquared 0.63% 0.59% -
Sharpe -0.37% -0.07% -
Sortino -0.43% -0.23% -
Treynor -0.04% -0.01% -
Tax Efficiency - 3.05% -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.23% 6.24% 7.26% -
Beta 0.78% 0.55% 0.68% -
Alpha -0.05% -0.02% -0.03% -
Rsquared 0.55% 0.63% 0.59% -
Sharpe 0.95% -0.37% -0.07% -
Sortino 2.48% -0.43% -0.23% -
Treynor 0.08% -0.04% -0.01% -
Tax Efficiency 85.55% - 3.05% -

Fund Details

Start Date October 26, 2016
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
PFC2500

Investment Objectives

The fund seeks to provide (i) a moderate positive total return consisting of dividend income and capital appreciation, while trying to reduce portfolio volatility and (ii) monthly distributions, by investing in a broad range of asset classes which may include equities, fixed income, inflation sensitive securities and cash.

Investment Strategy

To achieve its investment objectives, the fund will use primarily rules-based portfolio selection strategies to invest in a broad range of asset classes including equities, fixed income, inflation sensitive securities and cash, with the goal of generating income and achieving a moderate positive total return in diverse market environments while reducing portfolio volatility. The fund will, from time to time employ various investment strategies.

Portfolio Manager(s)

Name Start Date
Neuberger Berman Breton Hill ULC 10-26-2016
Purpose Investments Inc. 10-26-2016

Management and Organization

Fund Manager Purpose Investments Inc.
Advisor Purpose Investments Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Mellon Global Securities Services
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 1.83%
Management Fee 1.55%
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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