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
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
ETF
Bonds, Cash & Other100.00%
ETF97.88%
Cash2.12%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RTA top holdings are Vanguard Short-Term Bond ETF and Vanguard Canadian Short-Term Bond Index ETF, occupying 21.70% and 21.46% of the portfolio correspondingly.
RTA assets under management is 259.07 M CAD. It's risen 2.48% over the last month.
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.
No, RTA doesn't pay dividends to its holders.
RTA shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on May 11, 2017, and its management style is Active.
RTA expense ratio is 0.94% meaning you'd have to pay 0.94% of your investment to help manage the fund.
RTA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RTA invests in funds.
RTA price has risen by 2.53% 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 2.16% over the last month, showed a −1.16% decrease in three-month performance and has increased by 6.69% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.16% over the last month, showed a −1.16% decrease in three-month performance and has increased by 6.69% in a year.
RTA trades at a premium (0.19%) meaning the ETF is trading at a higher price than the calculated NAV.