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About PURPOSE STRATEGIC YIELD FD ETF UNITS
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Inception date
Apr 6, 2018
Structure
Canadian Mutual Fund Trust (ON)
Tax on distributions
Ordinary income
Primary advisor
Purpose Investments, Inc.
The fund seek to generate high income through an actively managed basket of fixed income securities of corporate issuers located in the US or Canada. Such securities are generally comprised of high yield bonds, convertible bonds, and loans. Securities are selected based on their expected return relative to risk characteristics, taking into consideration factors such as industry attractiveness, issuer credit quality, yield, duration, and call protection. To a lesser extent, the fund may invest in other types of debt securities and dividend-paying stocks. The fund may also long other equities resulting from the conversion or restructuring of its other investments and may short equities as a hedge for such long positions. SYLD may use derivatives for hedging and non-hedging purposes.
Classification
What's in the fund
Exposure type
Corporate
Government
Stock breakdown by region
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