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Purpose Global Flexible Credit Fund Class A
High Yield Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-24-2026) |
$7.21 |
|---|---|
| Change |
$0.01
(0.12%)
|
As at June 30, 2026
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (August 08, 2018): 2.27%
| 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 | 0.47% | 3.13% | 1.24% | 1.24% | 4.95% | 7.14% | 8.25% | 7.72% | 3.19% | 4.96% | 2.65% | - | - | - |
| Benchmark | 2.93% | 4.53% | 5.26% | 5.26% | 9.62% | 10.56% | 11.83% | 12.00% | 6.19% | 6.01% | 5.66% | 5.81% | 5.54% | 6.21% |
| Category Average | 0.09% | 2.19% | 1.64% | 1.64% | 4.58% | 6.07% | 6.70% | 6.25% | 2.52% | 3.98% | 3.29% | 3.45% | 3.22% | 3.69% |
| Category Rank | 53 / 253 | 47 / 252 | 150 / 250 | 150 / 250 | 105 / 245 | 65 / 242 | 56 / 235 | 68 / 232 | 100 / 229 | 90 / 218 | 179 / 212 | - | - | - |
| Quartile Ranking | 1 | 1 | 3 | 3 | 2 | 2 | 1 | 2 | 2 | 2 | 4 | - | - | - |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.74% | 1.14% | 1.15% | 0.43% | 0.18% | -0.03% | 0.28% | -0.41% | -1.70% | 1.34% | 1.29% | 0.47% |
| Benchmark | 1.52% | 0.80% | 2.13% | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% |
Best Monthly Return Since Inception
8.87% (May 2020)
Worst Monthly Return Since Inception
-19.97% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 6.64% | -3.75% | 5.31% | -11.64% | 10.89% | 10.06% | 6.37% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | - | - | - | 4 | 4 | 2 | 4 | 2 | 1 | 2 |
| Category Rank | - | - | - | 191/ 211 | 213/ 217 | 72/ 222 | 195/ 229 | 66/ 235 | 60/ 241 | 69/ 242 |
Best Calendar Return (Last 10 years)
10.89% (2023)
Worst Calendar Return (Last 10 years)
-11.64% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 66.66 |
| Cash and Equivalents | 19.63 |
| Canadian Corporate Bonds | 11.04 |
| Foreign Government Bonds | 8.51 |
| Foreign Bonds - Other | 1.60 |
| Other | -7.44 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 90.10 |
| Cash and Cash Equivalent | 19.63 |
| Other | -9.73 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 71.05 |
| Europe | 17.64 |
| Latin America | 7.45 |
| Africa and Middle East | 2.48 |
| Multi-National | 1.02 |
| Other | 0.36 |
Top Holdings
| Name | Percent |
|---|---|
| United States Dollar | 12.76 |
| EUR Currency | 4.93 |
| IRS P CORRA R 3.2145 3.21% 13-Mar-2028 | 4.12 |
| Cash and Cash Equivalents | 3.28 |
| Pacific Gas and Electric Co 6.75% 15-Jul-2052 | 2.15 |
| 4.95% 22-Jan-2038 | 2.01 |
| OCP CLO 2024-31 Ltd | 1.97 |
| OCP CLO Ltd 6.03% 17-Jan-2039 | 1.96 |
| British Pound Sterling | 1.93 |
| IRS P CORRA R 3.22 3.22% 13-Mar-2028 | 1.89 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose Global Flexible Credit Fund Class A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 4.48% | 5.69% | - |
|---|---|---|---|
| Beta | 0.41 | 0.62 | - |
| Alpha | 0.03 | -0.01 | - |
| Rsquared | 0.17% | 0.45% | - |
| Sharpe | 1.01 | 0.06 | - |
| Sortino | 2.20 | 0.07 | - |
| Treynor | 0.11 | 0.01 | - |
| Tax Efficiency | 59.33% | 8.30% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.00% | 4.48% | 5.69% | - |
| Beta | 0.27 | 0.41 | 0.62 | - |
| Alpha | 0.02 | 0.03 | -0.01 | - |
| Rsquared | 0.12% | 0.17% | 0.45% | - |
| Sharpe | 0.85 | 1.01 | 0.06 | - |
| Sortino | 0.90 | 2.20 | 0.07 | - |
| Treynor | 0.09 | 0.11 | 0.01 | - |
| Tax Efficiency | 35.83% | 59.33% | 8.30% | - |
Fund Details
| Start Date | August 08, 2018 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $2 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC3300 |
Investment Objectives
The fund’s investment objectives are to maximise total return from current income and long-term capital appreciation by investing in a diversified mix of global fixed rate and floating rate debt securities, including high income securities
Investment Strategy
The fund seeks to achieve its investment objective primarily by investing in debt securities and money market instruments, including through the use of derivatives, issued by governments and their agencies and corporations worldwide including within emerging markets. Securities will typically be dealt or traded on recognised markets globally without any particular focus on any one industrial sector. Securities may be rated investment grade or below by a recognised rating agency.
Portfolio Management
| Portfolio Manager |
Neuberger Berman Investment Advisers LLC
|
|---|---|
| Sub-Advisor |
Neuberger Berman Investment Advisers LLC |
Management and Organization
| Fund Manager |
Purpose Investments Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Mellon Global Securities Services |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.89% |
|---|---|
| Management Fee | 1.35% |
| 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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