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About Purpose Core Income Equity Fund
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Inception date
May 24, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
Identifiers
3
ISINCA74642L1022
The fund seeks to outperform the Canadian equity market over a time period longer than 5 years, by investing primarily in large-cap, dividend-paying stocks of Canadian issuers. The fund advisor will utilize fundamental analysis to identify Canadian and US issuers with attractive dividends/distributions and business models that can benefit from both industry and macro-economic trends. Note that US allocation will be determined by the investment advisors outlook for the US market relative to the Canadian market. The fund may use derivatives in order to further meet its investment objectives, and may also engage in short selling or other securities lending transactions to generate additional income.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Energy Minerals
Health Technology
Stocks96.48%
Finance28.57%
Energy Minerals12.23%
Health Technology11.29%
Technology Services8.07%
Consumer Non-Durables6.46%
Communications4.96%
Non-Energy Minerals3.78%
Electronic Technology3.38%
Industrial Services3.20%
Transportation3.15%
Distribution Services3.07%
Process Industries2.99%
Utilities2.85%
Consumer Services2.49%
Bonds, Cash & Other3.52%
ETF3.45%
Cash0.07%
Stock breakdown by region
North America92.31%
Europe7.69%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RDE invests in stocks. The fund's major sectors are Finance, with 28.57% stocks, and Energy Minerals, with 12.23% of the basket. The assets are mostly located in the North America region.
RDE top holdings are Royal Bank of Canada and Bank of Montreal, occupying 5.49% and 5.35% of the portfolio correspondingly.
No, RDE doesn't pay dividends to its holders.
RDE shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on May 24, 2017, and its management style is Active.
RDE expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
RDE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RDE invests in stocks.
RDE price has fallen by −0.37% over the last month, and its yearly performance shows a 20.48% increase. See more dynamics on RDE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.25% over the last month, have fallen by −0.25% over the last month, showed a 5.01% increase in three-month performance and has increased by 26.07% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.25% over the last month, have fallen by −0.25% over the last month, showed a 5.01% increase in three-month performance and has increased by 26.07% in a year.
RDE trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.