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Purpose Credit Opportunities Fund Series A

Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022

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NAVPS
(06-14-2024)
$9.81
Change
-$0.01 (-0.05%)

As at May 31, 2024

Period
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Legend

Purpose Credit Opportunities Fund Series A

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Fund Returns

Inception Return (September 09, 2019): 5.49%

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 0.96% 2.79% 7.20% 4.29% 10.01% 1.68% 0.98% 6.78% - - - - - -
Benchmark 0.00% -1.48% 0.11% -3.20% 0.68% 0.65% -2.40% -2.27% -0.52% 0.70% 0.47% 0.78% 1.00% 1.62%
Category Average 0.93% 4.70% 4.70% 2.63% 7.35% 4.72% 1.95% 4.39% 3.53% - - - - -
Category Rank 59 / 120 9 / 120 13 / 120 25 / 120 24 / 116 79 / 101 48 / 77 10 / 61 - - - - - -
Quartile Ranking 2 1 1 1 1 4 3 1 - - - - - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.99% 1.24% -0.19% 0.10% -1.72% 2.24% 2.79% 1.29% 0.17% 1.39% 0.41% 0.96%
Benchmark -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00%

Best Monthly Return Since Inception

5.86% (April 2020)

Worst Monthly Return Since Inception

-9.31% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 13.94% 8.81% -7.27% 5.42%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - - - - - - 1 1 3 3
Category Rank - - - - - - 5/ 47 15/ 74 68/ 97 83/ 115

Best Calendar Return (Last 10 years)

13.94% (2020)

Worst Calendar Return (Last 10 years)

-7.27% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Credit Opportunities Fund Series A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 4.88% - -
Beta 0.33% - -
Alpha 0.02% - -
Rsquared 0.21% - -
Sharpe -0.37% - -
Sortino -0.50% - -
Treynor -0.05% - -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.08% 4.88% - -
Beta 0.32% 0.33% - -
Alpha 0.09% 0.02% - -
Rsquared 0.29% 0.21% - -
Sharpe 1.18% -0.37% - -
Sortino 3.28% -0.50% - -
Treynor 0.15% -0.05% - -
Tax Efficiency 74.53% - - -

Fund Details

Start Date September 09, 2019
Instrument Type Mutual Fund (Alternative)
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
PFC4803

Investment Objectives

The fund seeks to maximize total returns for unitholders, consisting of both distributions and capital appreciation. The fund invests, directly or indirectly, primarily in debt and equity securities of non-investment grade rated, publicly traded issuers. The aggregate gross exposure of the fund shall not exceed the limits on the use of leverage or as otherwise permitted under applicable securities legislation.

Investment Strategy

To achieve its investment objectives, the fund invests, directly or indirectly, primarily in debt and equity securities of non-investment grade rated, publicly traded issuers, using the investment strategies described below. The manager uses corporate credit investment and leveraged company strategies designed to maximize risk-adjusted returns and preserve capital in each phase of the credit cycle.

Portfolio Manager(s)

Name Start Date
Sandy Liang 08-30-2013
Purpose Investments Inc. 03-31-2024

Management and Organization

Fund Manager Purpose Investment Partners Inc.
Advisor Purpose Investment Partners Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Mellon Global Securities Services Company
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 No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.12%
Management Fee 1.85%
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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