Key stats
About PURPOSE CONSERVATIVE INCOME FUND ETF SHS
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Inception date
Oct 26, 2016
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 invests in various asset classes that provides dividend income and capital appreciation, while reducing portfolio volatility via options overlay and duration hedging. The fund uses rules-based portfolio selection strategies. For equities, the fund will screen for quality, dividends and volatility while for bonds the allocation is spread out across investment grade and high yield government securities. The options collar strategy for equities, writes calls and buy puts on the S&P 500 while on fixed income securities, it writes options on 10-year US bonds. Options may be either exchange-traded or OTC options. The fund may enter into securities lending to generate income. PRP may not commit more than 50% of its NAV to securities lending and the borrower must provide collateral worth at least 102% of the value of the securities loaned. PRP may be reconstituted and rebalanced at the discretion of the investment advisor.
Classification
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.
PRP trades at 19.76 CAD today, its price has risen 0.36% in the past 24 hours. Track more dynamics on PRP price chart.
PRP net asset value is 19.77 today — it's risen 0.88% 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.
PRP assets under management is 984.82 K 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.
PRP price has risen by 0.56% over the last month, and its yearly performance shows a 2.12% increase. See more dynamics on PRP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.88% over the last month, showed a 0.64% increase in three-month performance and has increased by 7.50% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.88% over the last month, showed a 0.64% increase in three-month performance and has increased by 7.50% in a year.
PRP fund flows account for −1.85 K 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.
PRP expense ratio is 0.84%. 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, PRP 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, PRP technical analysis shows the neutral rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PRP shows the buy signal. See more of PRP technicals for a more comprehensive analysis.
Today, PRP technical analysis shows the neutral rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PRP shows the buy signal. See more of PRP technicals for a more comprehensive analysis.
Yes, PRP pays dividends to its holders with the dividend yield of 3.64%.
PRP trades at a premium (0.01%).
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.
PRP shares are issued by Purpose Unlimited
PRP 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 Oct 26, 2016.
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.