PURPOSE CR OPPORTUNITIES FD ETF UNITPURPOSE CR OPPORTUNITIES FD ETF UNITPURPOSE CR OPPORTUNITIES FD ETF UNIT

PURPOSE CR OPPORTUNITIES FD ETF UNIT

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Key stats


Assets under management (AUM)
‪188.87 M‬CAD
Fund flows (1Y)
‪62.53 M‬CAD
Dividend yield (indicated)
5.59%
Discount/Premium to NAV
0.1%

About PURPOSE CR OPPORTUNITIES FD ETF UNIT


Issuer
Purpose Unlimited
Brand
Purpose
Expense ratio
1.06%
Inception date
Aug 26, 2021
Index tracked
No Underlying Index
Management style
Active
The fund aims to provide equity-like returns, mainly from perceived credit opportunities. The portfolio is actively managed using potentially a variety of alternative strategies based on global economic and market trends. The funds long positions will primarily be comprised of corporate debt, bonds or bank loans, and equities of non-investment grade issuers. The fund may go short positions in equity or debt securities the manager believes may be overvalued. The portfolio can also be positioned to invest in special situations, including event-driven such as mergers, takeovers, bankruptcies or leveraged buyouts. The fund may pursue pairs trading and a variety of arbitrage strategies. The fund may be best suited for investors with a medium risk tolerance and medium to long-term investment horizon.

Classification


Asset Class
Asset allocation
Category
Asset allocation
Focus
Target outcome
Niche
Income & capital appreciation
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of June 28, 2024
Exposure type
StocksBonds, Cash & Other
Corporate
Government
ETF
Stocks6.34%
Utilities2.22%
Finance1.72%
Process Industries0.73%
Energy Minerals0.69%
Non-Energy Minerals0.37%
Transportation0.35%
Commercial Services0.14%
Distribution Services0.12%
Bonds, Cash & Other93.66%
Corporate53.80%
Government18.90%
ETF12.07%
Miscellaneous7.63%
Cash1.27%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows