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Purpose Global Flexible Credit Fund Class A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(12-13-2024)
$7.91
Change
-$0.02 (-0.21%)

As at November 30, 2024

As at November 30, 2024

Period
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Legend

Purpose Global Flexible Credit Fund Class A

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Fund Returns

Inception Return (August 08, 2018): 1.63%

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 1.08% 2.92% 7.08% 9.91% 13.44% 9.66% 2.59% 3.67% 2.30% 1.96% - - - -
Benchmark 0.82% 5.17% 9.67% 14.84% 15.87% 12.91% 5.71% 4.51% 4.92% 5.53% 4.90% 5.16% 5.85% 6.42%
Category Average 1.12% 2.01% 5.52% 7.49% 10.61% 7.81% 1.98% 2.44% 2.94% 3.57% 2.87% 3.33% 3.63% 3.03%
Category Rank 156 / 304 67 / 304 49 / 302 65 / 302 53 / 302 78 / 296 144 / 287 105 / 278 221 / 272 244 / 260 - - - -
Quartile Ranking 3 1 1 1 1 2 3 2 4 4 - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.20% 0.56% 0.07% 1.14% -0.71% 1.59% 0.58% 1.76% 1.65% 1.02% 0.79% 1.08%
Benchmark 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82%

Best Monthly Return Since Inception

8.87% (May 2020)

Worst Monthly Return Since Inception

-19.97% (March 2020)

Calendar Return (%)

Calendar Return
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 - - - - - 219/ 263 266/ 273 84/ 278 243/ 287 73/ 296

Best Calendar Return (Last 10 years)

10.89% (2023)

Worst Calendar Return (Last 10 years)

-11.64% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 69.86
Foreign Bonds - Other 12.07
Canadian Corporate Bonds 9.45
Foreign Government Bonds 9.17
Cash and Equivalents 7.25
Other -7.80

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 102.13
Cash and Cash Equivalent 7.26
Telecommunications 0.04
Other -9.43

Geographic Allocation

Geographic Allocation
Name Percent
North America 65.21
Europe 18.86
Latin America 2.60
Africa and Middle East 2.49
Multi-National 0.93
Other 9.91

Top Holdings

Top Holdings
Name Percent
888 Acquisitions Ltd 7.56% 15-Jul-2027 3.97
IRS P CORRA R 3.2145 3.21% 13-Mar-2028 3.91
United States Dollar 3.89
IRS P CORRA R 3.223 3.22% 17-Jul-2029 2.42
Pacific Gas and Electric Co 6.75% 15-Jul-2052 2.16
Galaxy XVIII CLO Ltd 10.85% 15-Jul-2031 1.95
Barings CLO Ltd 2024-I 1.94
G6782BAA7 1.91
Bain Capital CLO 2024-1 Ltd 1.90
Cash and Cash Equivalents 1.90

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Global Flexible Credit Fund Class A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 6.93% 11.58% -
Beta 0.79% 1.19% -
Alpha -0.02% -0.03% -
Rsquared 0.58% 0.55% -
Sharpe -0.11% 0.06% -
Sortino -0.04% 0.00% -
Treynor -0.01% 0.01% -
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.37% 6.93% 11.58% -
Beta -0.12% 0.79% 1.19% -
Alpha 0.15% -0.02% -0.03% -
Rsquared 0.02% 0.58% 0.55% -
Sharpe 2.44% -0.11% 0.06% -
Sortino 9.92% -0.04% 0.00% -
Treynor -0.68% -0.01% 0.01% -
Tax Efficiency 76.51% - - -

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) -

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 Manager(s)

Name Start Date
Purpose Investments Inc. 08-07-2018
Neuberger Berman Investment Advisers LLC 08-07-2018

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

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 2.03%
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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