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Preferred Sh Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (11-21-2024) |
$18.07 |
|---|---|
| Change |
-$0.01
(-0.05%)
|
As at October 31, 2024
As at October 31, 2024
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Inception Return (March 08, 2017): 0.95%
| 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 | 0.02% | 2.31% | 5.74% | 9.94% | 19.53% | 8.43% | -1.76% | 0.18% | 0.13% | 1.49% | 0.70% | - | - | - |
| Benchmark | -1.38% | 1.77% | 7.10% | 18.83% | 31.15% | 10.84% | 0.96% | 7.30% | 6.26% | 3.80% | 3.28% | 4.80% | 4.82% | 2.60% |
| Category Average | -0.62% | 2.20% | 6.80% | 16.81% | 28.12% | 10.81% | 1.01% | 7.70% | 6.24% | 3.91% | 3.23% | 4.63% | 4.86% | 3.09% |
| Category Rank | 7 / 67 | 22 / 65 | 53 / 65 | 65 / 65 | 64 / 65 | 63 / 64 | 62 / 63 | 63 / 63 | 58 / 58 | 51 / 52 | 49 / 49 | - | - | - |
| Quartile Ranking | 1 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.84% | 3.70% | 2.75% | 0.24% | 1.61% | -0.65% | 1.64% | 0.74% | 0.94% | 0.97% | 1.31% | 0.02% |
| Benchmark | 9.47% | 0.82% | 5.81% | 0.13% | 3.47% | 1.22% | 2.94% | -0.02% | 2.25% | 2.71% | 0.48% | -1.38% |
7.17% (April 2020)
-13.24% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | -7.05% | 14.65% | 3.06% | 1.74% | -16.35% | 2.96% |
| Benchmark | 6.82% | -14.95% | 6.98% | 13.62% | -7.93% | 3.48% | 6.16% | 19.35% | -18.08% | 5.90% |
| Category Average | 7.19% | -11.52% | 8.78% | 12.66% | -8.25% | 4.17% | 5.25% | 19.63% | -16.73% | 6.27% |
| Quartile Ranking | - | - | - | - | 2 | 1 | 4 | 4 | 2 | 4 |
| Category Rank | - | - | - | - | 20/ 49 | 5/ 53 | 49/ 58 | 62/ 63 | 30/ 63 | 59/ 64 |
14.65% (2019)
-16.35% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 83.01 |
| US Equity | 6.78 |
| Foreign Government Bonds | 6.36 |
| Cash and Equivalents | 3.85 |
| Name | Percent |
|---|---|
| Fixed Income | 89.37 |
| Financial Services | 6.78 |
| Cash and Cash Equivalent | 3.85 |
| Name | Percent |
|---|---|
| North America | 77.03 |
| Europe | 22.98 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| US Bancorp (USD) 3.70% 15-Jan-2170 | 5.12 |
| Bank of New York Mellon Corporation (USD) (The) 3.75% 31-Dec-2049 | 4.94 |
| M&T Bank Corporation (USD) 3.50% 31-Dec-2049 | 4.93 |
| Charles Schwab Corp - Pfd | 4.25 |
| PNC Financial Services Group Inc. (USD) (The) 3.40% 15-Dec-2169 | 4.00 |
| JPMorgan Chase & Company (USD) 3.65% 31-Dec-2049 | 3.82 |
| Bank of America Corporation (USD) 4.38% 31-Dec-2049 | 3.67 |
| United States Dollar | 3.62 |
| Citigroup Inc. (USD) 3.88% 18-May-2169 | 3.47 |
| Skandinaviska Enskilda Bnkn AB 5.13% PERP | 3.34 |
Purpose US Preferred Share Fund - Series A
Median
Other - Preferred Sh Fixed Income
| Standard Deviation | 11.31% | 11.44% | - |
|---|---|---|---|
| Beta | 0.64% | 0.60% | - |
| Alpha | -0.02% | -0.04% | - |
| Rsquared | 0.47% | 0.64% | - |
| Sharpe | -0.41% | -0.13% | - |
| Sortino | -0.47% | -0.24% | - |
| Treynor | -0.07% | -0.02% | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.45% | 11.31% | 11.44% | - |
| Beta | 0.39% | 0.64% | 0.60% | - |
| Alpha | 0.07% | -0.02% | -0.04% | - |
| Rsquared | 0.54% | 0.47% | 0.64% | - |
| Sharpe | 2.47% | -0.41% | -0.13% | - |
| Sortino | 16.28% | -0.47% | -0.24% | - |
| Treynor | 0.34% | -0.07% | -0.02% | - |
| Tax Efficiency | 86.46% | - | - | - |
| Start Date | March 08, 2017 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC4000 |
The fund seeks to provide unitholders with (i) with a regular stream of monthly distributions and (ii) opportunity for capital appreciation by investing primarily in U.S. dollar denominated investment grade preferred securities.
To achieve its investment objectives the fund will invest primarily in a portfolio of U.S. investment grade preferred securities of issuers that the investment sub-advisor or the manager believes have strong fundamentals and are priced at attractive relative valuations and will be actively managed by the investment sub-advisor. Preferred securities are primarily issued by companies in the financial sector and, to a lesser degree, by companies in other sectors, such as industrials and utilities.
| Name | Start Date |
|---|---|
| Neuberger Berman Investment Advisers LLC | 12-14-2016 |
| Purpose Investments Inc. | 10-25-2021 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 1,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.80% |
|---|---|
| Management Fee | 1.50% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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