Purpose Canadian Financial Income ETF (BNC.TO)
25.04
+0.07
(+0.28%)
CAD |
TSX |
Apr 23, 12:03
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.68% | -0.01% | 10.24M | 1697.57 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 5.79% | 113.5% | 3.453M | Upgrade |
Basic Info
| Investment Strategy | |
| The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (up to 70% on an equal weighted basis) and Canadian Insurance Companies (up to 30% on an equal weighted basis) and (ii) monthly distributions. To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). The fund will write covered call options from time to time in respect of the securities it holds to (i) enhance the fund’s total returns, (ii) enhance the dividend yield of the portfolio securities and (iii) lower the overall volatility of the fund’s portfolio. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Equity |
| Category Name | Financial Services Equity |
| Category Index | Morningstar Gbl Fin Svc GR CAD |
| Global Category Name | Financials Sector Equity |
| YCharts Categorization | Financials Equity |
| YCharts Benchmark | S&P 1500 Financials (Sector) Total Return (^SP15FINSTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Purpose Investments Inc. |
| Prospectus Benchmark Index | |
| FTSE TMX Canada Universe Bond TR CAD | 60.00% |
| S&P 500 TR Hdg CAD | 25.00% |
| S&P/TSX 60 NR CAD | 15.00% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Frank Maeba | 7.44 yrs |
Performance Versus Category
As of April 22, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of April 22, 2024.
Basic Info
| Investment Strategy | |
| The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (up to 70% on an equal weighted basis) and Canadian Insurance Companies (up to 30% on an equal weighted basis) and (ii) monthly distributions. To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). The fund will write covered call options from time to time in respect of the securities it holds to (i) enhance the fund’s total returns, (ii) enhance the dividend yield of the portfolio securities and (iii) lower the overall volatility of the fund’s portfolio. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Equity |
| Category Name | Financial Services Equity |
| Category Index | Morningstar Gbl Fin Svc GR CAD |
| Global Category Name | Financials Sector Equity |
| YCharts Categorization | Financials Equity |
| YCharts Benchmark | S&P 1500 Financials (Sector) Total Return (^SP15FINSTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Purpose Investments Inc. |
| Prospectus Benchmark Index | |
| FTSE TMX Canada Universe Bond TR CAD | 60.00% |
| S&P 500 TR Hdg CAD | 25.00% |
| S&P/TSX 60 NR CAD | 15.00% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Frank Maeba | 7.44 yrs |