Purpose U.S. Preferred Share Fund ETFCBOE Canada:RPU
- LAST PRICE19.77
- TODAY'S CHANGE (%)0.05 (0.25%)
- Bid / Lots19.19/ 8
- Ask / Lots23.00/ 6
- Open / Previous Close19.73 / 19.72
- Day Range
- 52 Week Range
- Volume---
- Overall Morningstar Rating1 out of 5 Starsout of 86 funds
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| Company | Country | Symbol |
|---|
| Other | 51.5% |
|---|---|
| Fixed Income | 46.4% |
| Cash | 2.1% |
| CDN Equity | 0 |
| Int'l Equity | 0 |
| US Equity | 0 |
| No data available |
| No data available |
| Company Name sortable | Position sortable | Allocation sortable | Allocation sortable1 Month Change | Market Value sortable |
|---|---|---|---|---|
U.S. Bancorp. 3.7% | Long | 5.2% | +30.92% | $1.3M |
The Bank of New York Mellon Corp. 3.75% | Long | 5.0% | +31.94% | $1.3M |
M&T Bank Corporation 3.5% | Long | 5.0% | +33.11% | $1.3M |
The Charles Schwab Corporation 4% | Long | 4.3% | 0.00% | $1.1M |
PNC Financial Services Group Inc. 3.4% | Long | 4.0% | 0.00% | $1.0M |
JPMorgan Chase & Co. 3.65% | Long | 3.8% | 0.00% | $972.5K |
Bank of America Corp. 4.375% | Long | 3.7% | 0.00% | $935.0K |
Citigroup Inc. 3.875% | Long | 3.5% | 0.00% | $884.1K |
Skandinaviska Enskilda Banken AB (publ) 5.125% | Long | 3.4% | 0.00% | $850.2K |
BNP Paribas SA 7.375% | Long | 3.2% | 0.00% | $821.5K |
Reports
- ManagedInvestmentETF11/10/24
Morningstar ETF Report
The Morningstar ETF Report offers in-depth analyst research on exchange-traded funds to help you evaluate these investments and how they fit within a portfolio.
Morningstar Ratings
| Time Horizon | Star Rating |
|---|---|
| Overall Rating | 1 out of 5 Stars |
| 3 Year Rating | 1 out of 5 Stars |
| 5 Year Rating | 1 out of 5 Stars |
| 10 Year Rating | Not Rated |
Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weight average of the fund's 3, 5, and 10 year (Morningstar Rating) metrics.
Style Box is calculated only using the long position holdings of the portfolio.
Best Fit Index | ICE BofA Fxd Rate Pref TR USD |
|---|---|
Category | |
Sponsor | Purpose Investments Inc. |
Inception | March 15, 2017 |
The fund seeks to provide unitholders with (i) with a regular stream of monthly distributions and (ii) opportunity for capital appreciation by investing primarily in U.S. dollar denominated investment grade preferred securities. “Investment grade†means securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization, such as BBB – or higher by Standard & Poor’s® Rating Services. To achieve its investment objectives the fund will invest primarily in a portfolio of U.S. investment grade preferred securities of issuers that the investment sub-advisor or the manager believes have strong fundamentals and are priced at attractive relative valuations and will be actively managed by the investment sub-advisor.
| Total Net Assets | $14.9M |
|---|---|
| Shares Out. | 754.0K |
| Net Asset Value (NAV) | $19.81 |
| Prem/Discount to NAV | -0.44% |
| P/E Ratio | --- |
| Dividend Yield | 5.71% |
| Dividend per Share | 1.13 CAD |
| Ex-Dividend Date | 11/27/2024 |
| Dividend Payment Date | 12/3/2024 |
| Beta | --- |
| Morningstar Investment Style | Preferred Share Fixed Income |
| Equity Style | --- |
| Credit Quality / Duration | Short Duration/Medium Quality |
| Actual Management Fee | 0.75% |
|---|---|
| Actual Mgmt. Expense Ratio (MER) | 0.91% |