Key stats
About PURPOSE FUND CORP MONTHLY INCOME FD
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Inception date
Sep 6, 2013
Structure
Canadian Mutual Fund Corporation (ON)
Replication method
Physical
Distributes
Capital Gains
Tax on distributions
Eligible Dividends
Primary advisor
Purpose Investments, Inc.
The fund tactically allocates a broad range of asset classes to provide income and monthly distributions. The fund utilizes a risk-parity weighting, which means portfolio risk, as measured by volatility of the rate of return on the portfolio, is spread equally across all asset classes. Resulting in all asset classes having the same marginal contribution to the total risk of the portfolio. To realize the strategy and generate income, PIN may write cash-covered put options, write covered call options, use warrants, ETFs and derivatives such as options, forward contracts, futures contracts and swaps for and/or hold cash or fixed income securities. The options securities that the fund may invest can either be exchange-traded or OTC options. The portfolio holdings are normally reconstituted and rebalanced monthly but the portfolio advisor may choose to change its frequency. Also, part of the foreign currency exposure might be hedged back to CAD in the portfolio advisors discretion.
Classification
What's in the fund
Exposure type
ETF
Stocks39.83%
Finance8.98%
Non-Energy Minerals6.62%
Energy Minerals5.12%
Utilities3.01%
Industrial Services2.78%
Health Technology2.52%
Process Industries2.43%
Consumer Non-Durables2.28%
Electronic Technology1.44%
Technology Services1.21%
Communications0.92%
Retail Trade0.82%
Consumer Services0.67%
Transportation0.49%
Producer Manufacturing0.28%
Commercial Services0.09%
Consumer Durables0.06%
Bonds, Cash & Other60.17%
ETF58.93%
Mutual fund1.49%
Cash−0.25%
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