PURPOSE INVESTMENTS INC. STRATEGIC YIELD FD ETF UNITPURPOSE INVESTMENTS INC. STRATEGIC YIELD FD ETF UNITPURPOSE INVESTMENTS INC. STRATEGIC YIELD FD ETF UNIT

PURPOSE INVESTMENTS INC. STRATEGIC YIELD FD ETF UNIT

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Key stats


Assets under management (AUM)
‪105.95 M‬CAD
Fund flows (1Y)
‪18.66 M‬CAD
Dividend yield (indicated)
6.06%
Discount/Premium to NAV
−0.1%
Shares outstanding
‪5.53 M‬
Expense ratio
1.24%

About PURPOSE INVESTMENTS INC. STRATEGIC YIELD FD ETF UNIT


Issuer
Purpose Unlimited
Brand
Purpose
Inception date
Apr 6, 2018
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
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


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Active
Geography
North America
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 December 31, 2024
Exposure type
StocksBonds, Cash & Other
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
4%92%2%
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 ‪105.95 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 6.06%. 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 0.68% over the last month, and its yearly performance shows a 3.94% 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.
SYLD trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.