Key stats
About PURPOSE INVESTMENTS INC. STRATEGIC YIELD FD ETF UNIT
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Inception date
Apr 6, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
The fund seek to generate high income through an actively managed basket of fixed income securities of corporate issuers located in the US or Canada. Such securities are generally comprised of high yield bonds, convertible bonds, and loans. Securities are selected based on their expected return relative to risk characteristics, taking into consideration factors such as industry attractiveness, issuer credit quality, yield, duration, and call protection. To a lesser extent, the fund may invest in other types of debt securities and dividend-paying stocks. The fund may also long other equities resulting from the conversion or restructuring of its other investments and may short equities as a hedge for such long positions. SYLD may use derivatives for hedging and non-hedging purposes.
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
Government
Stocks2.89%
Finance1.45%
Utilities0.98%
Energy Minerals0.43%
Commercial Services0.02%
Bonds, Cash & Other97.11%
Corporate66.85%
Government24.73%
Miscellaneous3.10%
Mutual fund1.69%
ETF0.63%
Securitized0.44%
Cash−0.33%
Stock breakdown by region
North America92.36%
Oceania4.69%
Europe2.95%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SYLD invests in bonds. The fund's major sectors are Corporate, with 66.85% stocks, and Government, with 24.73% of the basket. The assets are mostly located in the North America region.
SYLD last dividends amounted to 0.10 CAD. The month before, the issuer paid 0.10 CAD in dividends,
SYLD assets under management is 106.19 M CAD. It's risen 1.10% over the last month.
SYLD fund flows account for 18.66 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, SYLD pays dividends to its holders with the dividend yield of 6.05%. The last dividend (Jul 3, 2025) amounted to 0.10 CAD. The dividends are paid monthly.
SYLD shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Apr 6, 2018, and its management style is Active.
SYLD expense ratio is 1.24% meaning you'd have to pay 1.24% of your investment to help manage the fund.
SYLD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SYLD invests in bonds.
SYLD price has risen by 1.05% over the last month, and its yearly performance shows a 3.78% increase. See more dynamics on SYLD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.38% over the last month, showed a 4.95% increase in three-month performance and has increased by 10.69% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.38% over the last month, showed a 4.95% increase in three-month performance and has increased by 10.69% in a year.
SYLD trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.