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About Purpose Global Flexible Credit Fund ETF
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Inception date
Aug 7, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Primary advisor
Purpose Investments, Inc.
ISIN
CA74643C1014
The fund seeks current income and capital preservation by investing primarily in floating rate debt securities across the credit spectrum. Securities are issued by companies, governments, and special-purpose vehicles in the developed and emerging markets. The fund may hold high-yield securities, CLOs, ABS, MBS, senior secured and unsecured bank loans, structured credit, short-duration bonds as well as preferred shares. In addition, various derivatives, including warrants, options, swaps, swaptions and forward contracts on various financial instruments and currencies may, when appropriate, be used for hedging and non-hedging purposes. The fund will maintain long and short positions and, at times, may be long and short different securities of the same issuer. The fund may pursue capital structure arbitrage, relative value, and other opportunistic situations, as well as take outright long and short positions.
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
Corporate
Futures
Stocks0.01%
Consumer Services0.01%
Bonds, Cash & Other99.99%
Corporate45.13%
Futures31.22%
Cash8.21%
Government7.89%
Securitized6.41%
Miscellaneous1.14%
Stock breakdown by region
North America65.07%
Europe23.49%
Latin America5.60%
Africa3.08%
Asia2.76%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FLX invests in bonds. The fund's major sectors are Corporate, with 45.13% stocks, and Government, with 7.89% of the basket. The assets are mostly located in the N/A region.
FLX last dividends amounted to 0.05 CAD. The month before, the issuer paid 0.05 CAD in dividends,
FLX assets under management is 19.52 M CAD. It's risen 2.42% over the last month.
FLX fund flows account for −3.04 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FLX pays dividends to its holders with the dividend yield of 7.64%. The last dividend (Sep 3, 2025) amounted to 0.05 CAD. The dividends are paid monthly.
FLX shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Aug 7, 2018, and its management style is Active.
FLX expense ratio is 1.40% meaning you'd have to pay 1.40% of your investment to help manage the fund.
FLX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FLX invests in bonds.
FLX price has risen by 0.69% over the last month, and its yearly performance shows a 0.14% increase. See more dynamics on FLX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.22% over the last month, showed a 3.60% increase in three-month performance and has increased by 9.17% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.22% over the last month, showed a 3.60% increase in three-month performance and has increased by 9.17% in a year.
FLX trades at a premium (0.32%) meaning the ETF is trading at a higher price than the calculated NAV.