PURPOSE CANADIAN PREFERRED SHARE FUNDPURPOSE CANADIAN PREFERRED SHARE FUNDPURPOSE CANADIAN PREFERRED SHARE FUND

PURPOSE CANADIAN PREFERRED SHARE FUND

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Key stats


Assets under management (AUM)
‪45.32 M‬CAD
Fund flows (1Y)
‪−18.94 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
−0.02%
Shares outstanding
‪1.96 M‬
Expense ratio
0.92%

About PURPOSE CANADIAN PREFERRED SHARE FUND


Issuer
Purpose Unlimited
Brand
Purpose
Inception date
Mar 15, 2017
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Tax on distributions
Ordinary income
Primary advisor
Purpose Investments, Inc.
The fund seeks to provide stream of income with potential for capital appreciation by investing in Canadian income-producing securities and equities. Such investments include preferred securities, dividend-paying equities, income and royalty trusts, ETFs, and fixed-income investments. At the time of purchase, investments in floating rate preferred securities will be predominantly of investment-grade Canadian issuers. Up to 5% of the portfolio may be made up of equities and approximately 20% in foreign securities. The fund uses a fundamental investment process that includes both top-down macro-economic analysis and bottom-up security selection. This fundamental research is used to select securities believed to offer desirable returns based on the managers view of a companys growth prospects. The fund may also use derivatives for hedging and non-hedging purposes.

Classification


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Broad maturities
Strategy
Active
Geography
Canada
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Miscellaneous
Corporate
Government
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.