• NAV
    16.72
  • TODAY'S CHANGE (%)
    Trending Up0.11 (0.66%)
  • Investment Style
    Large Cap Blend
  • 52 Week Range
    Low 14.20
    High 16.72
  • Distribution Yield
    0.00%
  • MER
    0.93
  • AUM
    493.1M
  • RRSP Eligibility
    Yes
  • Load Type
    No Load
  • Overall Morningstar Rating
    4 out of 5 Stars
    out of 563 funds

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CompanyCountrySymbol
Select growth of 10k Options
Graph. See accessible table below
Growth of 10K Chart Accessibility Table. Data as Of Sep 30, 2024
DatePercent ChangeCategory Percent Change
September 20240.67%0.43%
August 20240.65%0.41%
July 20240.69%0.40%
June 20240.64%0.37%
May 20240.61%0.36%
April 20240.60%0.33%
March 20240.62%0.36%
February 20240.58%0.33%
January 20240.55%0.31%
December 20230.54%0.30%
November 20230.51%0.26%
October 20230.45%0.21%
September 20230.46%0.23%
August 20230.50%0.26%
July 20230.51%0.27%
June 20230.49%0.25%
May 20230.47%0.24%
April 20230.48%0.26%
March 20230.46%0.25%
February 20230.45%0.24%
January 20230.47%0.25%
December 20220.42%0.21%
November 20220.48%0.24%
October 20220.43%0.19%
September 20220.41%0.16%
August 20220.42%0.20%
July 20220.42%0.22%
June 20220.37%0.17%
May 20220.44%0.23%
April 20220.45%0.23%
March 20220.49%0.28%
February 20220.48%0.28%
January 20220.51%0.30%
December 20210.54%0.33%
November 20210.53%0.30%
October 20210.51%0.31%
September 20210.50%0.29%
August 20210.54%0.32%
July 20210.52%0.30%
June 20210.51%0.29%
May 20210.46%0.26%
April 20210.45%0.26%
March 20210.43%0.24%
February 20210.41%0.23%
January 20210.39%0.23%
December 20200.39%0.23%
November 20200.37%0.21%
October 20200.32%0.16%
September 20200.34%0.18%
August 20200.36%0.18%
July 20200.32%0.18%
June 20200.29%0.15%
May 20200.28%0.14%
April 20200.26%0.12%
March 20200.18%0.07%
February 20200.22%0.15%
January 20200.25%0.19%
December 20190.22%0.18%
November 20190.23%0.18%
October 20190.19%0.16%
September 20190.20%0.15%
August 20190.21%0.15%
July 20190.21%0.15%
June 20190.20%0.14%
May 20190.20%0.12%
April 20190.21%0.15%
March 20190.17%0.13%
February 20190.15%0.11%
January 20190.12%0.09%
December 20180.08%0.06%
November 20180.10%0.09%
October 20180.09%0.08%
September 20180.12%0.12%
August 20180.13%0.13%
July 20180.12%0.12%
June 20180.12%0.11%
May 20180.10%0.11%
April 20180.08%0.10%
March 20180.08%0.10%
February 20180.09%0.11%
January 20180.10%0.12%
December 20170.09%0.11%
November 20170.10%0.11%
October 20170.09%0.11%
September 20170.06%0.08%
August 20170.05%0.07%
July 20170.05%0.07%
June 20170.06%0.08%
May 20170.09%0.09%
April 20170.09%0.09%
March 20170.07%0.07%
February 20170.07%0.07%
January 20170.05%0.04%
December 20160.05%0.05%
November 20160.03%0.03%
October 20160.03%0.04%
September 20160.03%0.04%
August 20160.02%0.03%
July 20160.01%0.03%
June 2016-0.01%0.00%
May 20160.01%0.00%
April 2016-0.01%-0.01%
March 2016-0.01%-0.02%
February 2016-0.04%-0.04%
January 2016-0.02%-0.03%
December 2015-0.01%-0.01%
November 20150.00%0.00%
No reports available

Calendar Year Total Returns

Total Returns Table
YearFundBest-Fit IndexCategory
As of 2024-09-30
2023
+9.14%
+13.65%
+7.38%
2022
-7.80%
-0.41%
-9.12%
2021
+10.52%
+7.82%
+8.32%
2020
+13.44%
+5.94%
+4.02%
2019
+13.59%
+6.08%
+11.33%
Asset Class
No data available
Sectors
Sectors
Financial Serv.s19.3%
Technology13.8%
Energy9.7%
Industrials8.4%
Basic Mat.7.0%
Consumer Cyclical5.1%
Communication Services4.3%
Consumer Defensive3.3%
Utilities2.5%
Healthcare2.3%
Real Estate1.7%
Geographic Region
Geographic Region
Canada
70.5%
United States
29.1%
Europe
0.1%
Latin America
0.1%
Asia/Oceania
0.0%
Africa
0
As of 2024-09-30
Top 10 Holdings
Company Name sortablePosition sortableAllocation sortable
Allocation
1 Month Change
sortable
Market Value sortable
CanadaXIC
iShares Core S&P/TSX Capped Compost ETF
Long
54.7%
+123.59%
$417.8M
United StatesBSV
Vanguard Short-Term Bond ETF
Long
17.3%
+5.21%
$132.0M
United StatesVTI
Vanguard Total Stock Market ETF
Long
12.7%
-17.58%
$97.3M
United StatesQQQ
Invesco QQQ Trust
Long
10.1%
+0.65%
$76.9M
CanadaVSB
Vanguard Canadian Short-Term Bond ETF
Long
3.1%
-88.09%
$23.4M
CanadaMNU.U
Purpose USD Cash Management ETF
Long
0.5%
0.00%
$3.9M
As of 2024-10-14
Fund Profile
Best Fit Index
FTSE TMX Canada Universe Bond TR CAD
Category
Sponsor
Purpose Investments Inc.
Inception
November 16, 2015
As of 2024-09-30

The fund seeks to provide long-term capital appreciation with lower volatility and correlation to the overall equity markets by investing in ETFs that are listed on North American exchanges and that represent North American equities, bonds and cash, using a tactical approach. The fund’s tactical investment approach can allocate the portfolio to equities, bonds and cash to achieve its objectives. The portfolio manager will employ a proprietary, quantitatively driven investment process which drives its asset allocation decisions. The fund’s quantitative approach provides signals to the portfolio management team to increase equity exposure in up-markets and increase bond exposure in down-markets, in an effort to generate returns and also to avoid significant market declines.

Holding Details
Total Net Assets$361.2M
Annual Portfolio Turnover555.93%
Equity Style
Large Cap Blend
Credit Quality / Duration
Short Duration/High Quality
Tax-Adjusted Rating
Please Note: Not Rated
FUND IS OPEN TO NEW INVESTORS
Initial Investment(s)$5,000
Subsequent Investment(s)$100
Initial RRSP Investment(s)$1,000
Subsequent RRSP Investment(s)$100
Fees & Expenses
Maximum Initial Sales Fees---
Maximum Deferred Sales Fees---
Actual Management Fee0.75%
Actual Mgmt. Expense Ratio (MER)0.93%
Load TypeNo Load

Morningstar Ratings

Morningstar Ratings Table
Time HorizonStar Rating
Tax-Adjusted Rating
Overall
4 out of 5 Stars
---No Tax-Adjusted Rating Available
3 Year
3 out of 5 Stars
---No Tax-Adjusted Rating Available
5 Year
4 out of 5 Stars
---No Tax-Adjusted Rating Available
10 YearPlease Note: Not Rated---No Tax-Adjusted Rating Available
As of 2024-09-30

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.

Management & Contact

Contact Information

Purpose Investments Inc.
120 Adelaide Street West Suite 2400 P.O. Box 23
Toronto ON Canada M5H 1T1
Tel: 416.583.3850
Fax: 416.583-3851
Portfolio Manager since November 16, 2015
Craig Basinger