Key stats
About PURPOSE CANADIAN PREFERRED SHARE FUND
Expense ratio
0.92%
Home page
Inception date
Mar 15, 2017
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
What's in the fund
Exposure type
Finance
Utilities
Miscellaneous
Stocks34.45%
Finance15.10%
Utilities11.32%
Industrial Services4.75%
Energy Minerals3.28%
Bonds, Cash & Other65.55%
Miscellaneous56.00%
Mutual fund5.16%
Corporate3.94%
Cash0.45%