Key stats
About PURPOSE BEST IDEAS FD ETF SHS
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Inception date
Apr 29, 2014
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
The fund seeks to provide long-term capital appreciation by investing in a portfolio of equities listed on North American exchanges selected by some of the worlds most renowned investment managers, as reported through their public filings. These managers are among the most respected in the industry and have exhibited outstanding historical performance records. The fund may use derivatives in order to further meet its investment objectives, and may also engage in short selling or other securities lending transactions to generate additional income. Portfolio holdings are reconstituted and rebalanced on a quarterly basis.
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
Technology Services
Finance
Electronic Technology
Transportation
Stocks98.71%
Technology Services29.16%
Finance16.20%
Electronic Technology13.24%
Transportation11.09%
Retail Trade7.05%
Health Technology6.12%
Utilities4.10%
Distribution Services3.75%
Consumer Non-Durables3.19%
Non-Energy Minerals2.91%
Health Services1.92%
Bonds, Cash & Other1.29%
Cash1.29%
Stock breakdown by region
North America86.36%
Latin America3.92%
Europe3.56%
Asia3.48%
Middle East2.68%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PBI invests in stocks. The fund's major sectors are Technology Services, with 29.16% stocks, and Finance, with 16.20% of the basket. The assets are mostly located in the North America region.
PBI top holdings are Vistra Corp. and GE Aerospace, occupying 4.10% and 4.05% of the portfolio correspondingly.
PBI last dividends amounted to 1.57 CAD. The year before, the issuer paid 0.79 CAD in dividends, which shows a 50.00% increase.
PBI assets under management is 11.91 M CAD. It's fallen 7.14% over the last month.
PBI fund flows account for −1.30 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.
Yes, PBI pays dividends to its holders with the dividend yield of 0.00%. The last dividend (Feb 5, 2025) amounted to 1.57 CAD. The dividends are paid annually.
PBI shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Apr 29, 2014, and its management style is Active.
PBI expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
PBI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PBI invests in stocks.
PBI price has risen by 0.52% over the last month, and its yearly performance shows a 11.71% increase. See more dynamics on PBI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.11% over the last month, showed a 6.20% increase in three-month performance and has increased by 17.10% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.11% over the last month, showed a 6.20% increase in three-month performance and has increased by 17.10% in a year.
PBI trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.