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Foundation Wealth Income Pool Class E

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Global Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024) 		$19.44
Change
$0.03 (0.14%)

As at November 30, 2024

As at November 30, 2024

Period
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Legend

Foundation Wealth Income Pool Class E

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Fund Returns

Inception Return (April 14, 2020): 2.80%

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 1.06% 1.92% 4.96% 5.92% 8.45% 5.89% 1.59% 1.24% - - - - - -
Benchmark 0.95% 2.48% 7.46% 6.58% 8.13% 4.72% -1.40% -2.27% -0.71% 0.73% 0.67% 0.80% 1.16% 2.23%
Category Average 1.03% 0.79% 4.47% 3.63% 6.80% 4.30% -0.77% -0.95% 0.29% 1.39% 0.89% 1.20% 1.33% 1.41%
Category Rank 322 / 565 128 / 562 245 / 540 92 / 528 136 / 528 80 / 464 43 / 386 29 / 323 - - - - - -
Quartile Ranking 3 1 2 1 2 1 1 1 - - - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.38% 0.12% -0.24% 0.77% -0.76% 1.03% 0.64% 1.56% 0.76% 1.38% -0.52% 1.06%
Benchmark 1.46% 0.01% 0.00% 0.40% -1.24% 0.00% 1.16% 3.88% -0.22% 1.89% -0.37% 0.95%

Best Monthly Return Since Inception

3.32% (November 2023)

Worst Monthly Return Since Inception

-2.17% (September 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 0.16% -7.51% 6.37%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - - - 1 1 2
Category Rank - - - - - - - 39/ 323 59/ 389 128/ 465

Best Calendar Return (Last 10 years)

6.37% (2023)

Worst Calendar Return (Last 10 years)

-7.51% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 16.66
Canadian Equity 16.15
Foreign Corporate Bonds 14.77
Cash and Equivalents 11.49
Canadian Bonds - Funds 11.47
Other 29.46

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 63.52
Financial Services 10.49
Cash and Cash Equivalent 8.06
Mutual Fund 4.33
Exchange Traded Fund 3.50
Other 10.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 77.68
Multi-National 9.08
Europe 7.82
Latin America 2.09
Asia 1.63
Other 1.70

Top Holdings

Top Holdings
Name Percent
IA Clarington Core Plus Bond Fund Series A 11.47
BMO Aggregate Bond Index ETF (ZAG) 10.07
Capital Direct I Income Trust, Class F 9.21
BMO Sustainable Glo M-Sector Bond Fund ETF ZMSB 9.13
IA Clarington Loomis Global Multisector Bond Fd A 8.86
BMO High Quality Corporate Bond Index ETF (ZQB) 7.41
Purpose Global Bond Class Series F 7.16
Pender Corporate Bond Fund Class I 5.97
Big Banc Split Corp Preferred Shares (BNK.PR.A) 5.91
BMO Emerging Markets Bond Hgd to CAD Index (ZEF) 5.01

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Foundation Wealth Income Pool Class E

Median

Other - Global Fixed Income

3 Yr Annualized

Standard Deviation 4.71% - -
Beta 0.53% - -
Alpha 0.02% - -
Rsquared 0.58% - -
Sharpe -0.40% - -
Sortino -0.39% - -
Treynor -0.04% - -
Tax Efficiency 11.17% - -
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 3.15% 4.71% - -
Beta 0.49% 0.53% - -
Alpha 0.04% 0.02% - -
Rsquared 0.53% 0.58% - -
Sharpe 1.17% -0.40% - -
Sortino 3.80% -0.39% - -
Treynor 0.07% -0.04% - -
Tax Efficiency 81.48% 11.17% - -

Fund Details

Start Date April 14, 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
PFC8188

Investment Objectives

The fund seeks to achieve a positive total return over time by investing in a broad range of fixed income securities, primarily through ETFs and mutual funds that invest in government debt, investment grade corporate debt and high yield debt. The fundamental investment objective may only be changed with the approval of a majority of the votes cast at a meeting of unitholders called for that purpose.

Investment Strategy

The fund invests in a portfolio of primarily North American securities, primarily through ETFs and mutual funds that invest in government debt, investment grade debt and high yield debt. The fund may also invest directly in fixed income securities, preferred securities and securities that hold portfolios of mortgages as permitted by Canadian securities laws.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 04-15-2020
Foundation Wealth Partners LP. 03-22-2022

Management and Organization

Fund Manager Purpose Investments Inc.
Advisor Purpose Investments Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Mellon Global Securities Services Company
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

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

Fees

MER 0.65%
Management Fee 0.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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