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Purpose Structured Equity Yield Fund Series A

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North American Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-15-2025) 		$18.50
Change
$0.04 (0.20%)

As at April 30, 2025

As at March 31, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Aug 2020Dec 2020Apr 2021Aug 2021Dec 2021Apr 2022Aug 2022Dec 2022Apr 2023Aug 2023Dec 2023Apr 2024Aug 2024Dec 2024Apr 2025Jul 2022Oct 2022Jan 2023Jul 2023Oct 2023Jan 2024Jul 2024Oct 2024Jan 2025Oct 2020Jul 2021Apr 2022Jan 2023Oct 2023Jul 2024$9,000$10,000$11,000$12,000$8,000$13,000Period

Legend

Purpose Structured Equity Yield Fund Series A

Compare Options

Fund Returns

Inception Return (April 06, 2020): 3.04%

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 -2.61% -5.53% -3.39% -4.05% 4.26% 9.92% 4.94% 2.21% 2.98% - - - - -
Benchmark -2.34% -6.97% 0.95% -3.74% 15.36% 15.84% 12.41% 11.30% 15.01% 12.04% 12.33% 11.37% 12.46% 11.15%
Category Average -2.92% -10.21% -4.38% -6.27% 5.41% 10.42% 7.50% 4.89% 11.30% 8.16% 8.33% 7.88% 8.72% 7.41%
Category Rank 134 / 187 29 / 186 171 / 186 104 / 186 168 / 180 130 / 176 143 / 164 121 / 140 118 / 124 - - - - -
Quartile Ranking 3 1 4 3 4 3 4 4 4 - - - - -

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%8%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 2.23% -0.05% 3.45% 0.75% 0.62% 0.72% 1.99% -1.28% 1.56% -0.76% -2.25% -2.61%
Benchmark 3.45% 1.28% 4.00% 0.64% 2.69% 1.48% 6.48% -1.51% 3.47% -1.01% -3.77% -2.34%

Best Monthly Return Since Inception

8.74% (January 2023)

Worst Monthly Return Since Inception

-7.67% (June 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 3.30% -15.00% 16.73% 13.01%
Benchmark 5.50% 14.85% 11.54% -2.58% 24.09% 10.91% 26.72% -9.17% 17.51% 28.77%
Category Average 6.38% 4.55% 10.59% -6.12% 20.45% 16.55% 18.87% -14.77% 16.96% 18.75%
Quartile Ranking - - - - - - 4 3 2 4
Category Rank - - - - - - 133/ 139 97/ 145 82/ 172 159/ 180

Best Calendar Return (Last 10 years)

16.73% (2023)

Worst Calendar Return (Last 10 years)

-15.00% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 62.14
Canadian Equity 26.90
International Equity 5.48
Cash and Equivalents 5.17
Income Trust Units 0.28
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Financial Services 30.39
Technology 18.09
Energy 10.07
Basic Materials 6.69
Healthcare 6.00
Other 28.76

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.13
Asia 2.61
Europe 1.21
Latin America 1.12
Africa and Middle East 0.79
Other 0.14

Top Holdings

Top Holdings
Name Percent
iShares Core S&P 500 Index ETF C$ Hgd (XSP) 21.63
iShares U.S. Small Cap Index ETF C$ Hgd (XSU) 19.03
BMO Equal Weight US Banks Hgd to CAD Idx ETF (ZUB) 13.37
iShares S&P/TSX 60 Index ETF (XIU) 12.20
iShares NASDAQ 100 Index ETF (XQQU) 9.43
iShares S&P/TSX Capped Energy Index ETF (XEG) 6.10
BMO Equal Weight Banks Index ETF (ZEB) 5.55
CAD Currency 4.97
iShares S&P/TSX Global Gold Index ETF (XGD) 3.72
iShares MSCI Emerging Markets Index ETF (XEM) 3.16

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return024681012141618202224262830-30%-20%-10%0%10%20%

Purpose Structured Equity Yield Fund Series A

Median

Other - North American Equity

3 Yr Annualized

Standard Deviation 12.77% 10.37% -
Beta 0.88% 0.71% -
Alpha -0.05% -0.07% -
Rsquared 0.80% 0.69% -
Sharpe 0.13% 0.10% -
Sortino 0.32% 0.07% -
Treynor 0.02% 0.01% -
Tax Efficiency 52.62% - -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.37% 12.77% 10.37% -
Beta 0.56% 0.88% 0.71% -
Alpha -0.04% -0.05% -0.07% -
Rsquared 0.82% 0.80% 0.69% -
Sharpe 0.10% 0.13% 0.10% -
Sortino 0.32% 0.32% 0.07% -
Treynor 0.01% 0.02% 0.01% -
Tax Efficiency 49.87% 52.62% - -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A32.2​32.257.1​57.10%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A32.4​32.460.4​60.40%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A30.0​30.051.9​51.90%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A40.1​40.156.9​56.90%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date April 06, 2020
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC6200

Investment Objectives

The investment objective of the fund is to provide investors with (i) the opportunity for long-term capital appreciation, (ii) stable, monthly distributions, and (iii) less downside risk than a direct investment in the broad equity markets by investing, directly or indirectly, in a broad portfolio of North American and global equity securities and partially hedging the portfolio’s downside risk.

Investment Strategy

The fund currently employs (i) index investment strategies tracking broad equity markets and specific sectors and (ii) a multi-factor portfolio selection strategy that is intended to create value and reduce risk over the investment period. The fund obtains its exposure by investing in Canadian index participation units (as defined in NI 81-102) and other Canadian ETFs that the manager believes have an attractive valuation and strong fundamentals.

Portfolio Management

Portfolio Manager

Purpose Investments Inc.
Sub-Advisor

-

Management and Organization

Fund Manager

Purpose Investments Inc.
Custodian

CIBC Mellon Trust Company
Registrar

CIBC Mellon Global Securities Services Company
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.88%
Management Fee 1.65%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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