Key stats
About PURPOSE TACTICAL ASSET ALLOCATION FUND
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Inception date
May 11, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
The fund tactically allocates its portfolio of North American equity, bonds and cash using a proprietary, quantitatively driven investment model involving relative strength, momentum, monetary policies, economic indicators and a fundamental metrics. The model signals to the portfolio management team to increase equity exposure in bullish markets and increase bond exposure in bearish markets. The holdings can toggle between 100% equity and 100% bonds/cash, using ETFs and cash, dependent upon the model’s short-term outlook for the market. The fund uses this model on 80% of the portfolio while 20% is discretionally managed by the investment advisor’s fundamental view of the market conditions. RTA allocates 30% - 50% to non-Canadian securities.
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF97.88%
Cash2.12%
Top 10 holdings
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.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
RTA trades at 29.97 CAD today, its price has fallen −0.07% in the past 24 hours. Track more dynamics on RTA price chart.
RTA net asset value is 30.12 today — it's risen 2.40% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
RTA assets under management is 259.17 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
RTA price has risen by 3.08% over the last month, and its yearly performance shows a 3.10% increase. See more dynamics on RTA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.40% over the last month, showed a −0.84% decrease in three-month performance and has increased by 6.12% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.40% over the last month, showed a −0.84% decrease in three-month performance and has increased by 6.12% in a year.
RTA fund flows account for −13.93 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
RTA invests in funds. See more details in our Analysis section.
RTA expense ratio is 0.94%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, RTA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, RTA technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RTA shows the buy signal. See more of RTA technicals for a more comprehensive analysis.
Today, RTA technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RTA shows the buy signal. See more of RTA technicals for a more comprehensive analysis.
No, RTA doesn't pay dividends to its holders.
RTA trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
RTA shares are issued by Purpose Unlimited
RTA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 11, 2017.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.