Key stats
About PURPOSE GLOBAL FLEXIBLE CR FD NON CUR HEDGD CAD UNT ETF
Expense ratio
1.39%
Home page
Inception date
Aug 7, 2018
The fund seeks current income and capital preservation by investing primarily in floating rate debt securities across the credit spectrum. Securities are issued by companies, governments, and special-purpose vehicles in the developed and emerging markets. The fund may hold high-yield securities, CLOs, ABS, MBS, senior secured and unsecured bank loans, structured credit, short-duration bonds as well as preferred shares. In addition, various derivatives, including warrants, options, swaps, swaptions and forward contracts on various financial instruments and currencies may, when appropriate, be used for hedging and non-hedging purposes. The fund will maintain long and short positions and, at times, may be long and short different securities of the same issuer. The fund may pursue capital structure arbitrage, relative value, and other opportunistic situations, as well as take outright long and short positions.
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
Corporate
Futures
Securitized
Stocks2.57%
Utilities1.90%
Finance0.62%
Consumer Services0.05%
Bonds, Cash & Other97.43%
Corporate62.50%
Futures16.97%
Securitized10.85%
Government4.25%
Loans1.60%
Miscellaneous0.77%
Cash0.49%
Top 10 holdings
Dividends
Dividend payout history