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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (10-10-2024) |
$7.83 |
|---|---|
| Change |
$0.00
(0.06%)
|
As at September 30, 2024
As at August 31, 2024
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Inception Return (August 08, 2018): 1.37%
| 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 | 1.02% | 4.49% | 6.00% | 7.88% | 15.09% | 10.74% | 1.80% | 4.03% | 1.87% | 1.39% | - | - | - | - |
| Benchmark | 2.00% | 4.50% | 6.96% | 11.39% | 16.92% | 13.88% | 3.99% | 4.21% | 4.33% | 4.99% | 4.94% | 4.89% | 5.51% | 6.30% |
| Category Average | 1.23% | 5.02% | 5.02% | 6.67% | 12.65% | 9.09% | 1.37% | 3.08% | 2.89% | 3.06% | 2.83% | 3.11% | 3.64% | 3.00% |
| Category Rank | 232 / 305 | 53 / 304 | 33 / 303 | 90 / 303 | 42 / 301 | 95 / 297 | 155 / 288 | 116 / 275 | 233 / 271 | 241 / 256 | - | - | - | - |
| Quartile Ranking | 4 | 1 | 1 | 2 | 1 | 2 | 3 | 2 | 4 | 4 | - | - | - | - |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -1.51% | 4.95% | 3.20% | 0.56% | 0.07% | 1.14% | -0.71% | 1.59% | 0.58% | 1.76% | 1.65% | 1.02% |
| Benchmark | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% |
8.87% (May 2020)
-19.97% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 6.64% | -3.75% | 5.31% | -11.64% | 10.89% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | - | - | - | - | - | 4 | 4 | 2 | 4 | 1 |
| Category Rank | - | - | - | - | - | 220/ 264 | 267/ 274 | 84/ 279 | 244/ 288 | 73/ 297 |
10.89% (2023)
-11.64% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 69.63 |
| Foreign Bonds - Other | 13.55 |
| Foreign Government Bonds | 10.67 |
| Canadian Corporate Bonds | 8.24 |
| Cash and Equivalents | 4.92 |
| Other | -7.01 |
| Name | Percent |
|---|---|
| Fixed Income | 103.29 |
| Cash and Cash Equivalent | 4.92 |
| Telecommunications | 0.07 |
| Other | -8.28 |
| Name | Percent |
|---|---|
| North America | 63.93 |
| Europe | 19.98 |
| Latin America | 2.62 |
| Africa and Middle East | 1.98 |
| Asia | 1.43 |
| Other | 10.06 |
| Name | Percent |
|---|---|
| 888 Acquisitions Ltd 7.56% 15-Jul-2027 | 4.06 |
| IRS P CORRA R 3.2145 3.21% 13-Mar-2028 | 3.95 |
| IRS P CORRA R 3.223 3.22% 17-Jul-2029 | 2.47 |
| Pacific Gas and Electric Co 6.75% 15-Jul-2052 | 2.04 |
| Cash and Cash Equivalents | 1.98 |
| G6782BAA7 | 1.89 |
| Barings CLO Ltd 2024-I | 1.89 |
| Bain Capital CLO 2024-1 Ltd | 1.87 |
| Galaxy XVIII CLO Ltd 11.55% 15-Jul-2031 | 1.87 |
| OHA Credit Funding Ltd 6.69% 22-Oct-2036 | 1.86 |
Purpose Global Flexible Credit Fund Class A
Median
Other - High Yield Fixed Income
| Standard Deviation | 6.92% | 11.60% | - |
|---|---|---|---|
| Beta | 0.70% | 1.20% | - |
| Alpha | -0.01% | -0.03% | - |
| Rsquared | 0.50% | 0.56% | - |
| Sharpe | -0.19% | 0.03% | - |
| Sortino | -0.19% | -0.04% | - |
| Treynor | -0.02% | 0.00% | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.89% | 6.92% | 11.60% | - |
| Beta | 0.23% | 0.70% | 1.20% | - |
| Alpha | 0.11% | -0.01% | -0.03% | - |
| Rsquared | 0.02% | 0.50% | 0.56% | - |
| Sharpe | 1.63% | -0.19% | 0.03% | - |
| Sortino | 5.62% | -0.19% | -0.04% | - |
| Treynor | 0.41% | -0.02% | 0.00% | - |
| Tax Efficiency | 79.91% | - | - | - |
| 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) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC3300 |
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
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.
| Name | Start Date |
|---|---|
| Purpose Investments Inc. | 08-07-2018 |
| Neuberger Berman Investment Advisers LLC | 08-07-2018 |
| 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 |
| 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 |
| MER | 1.98% |
|---|---|
| Management Fee | 1.35% |
| 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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