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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.67% -3.45% 10.23M 23.50
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.33% 75.08% -7.755M 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. 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
Prospectus Objective --
Fund Owner Firm Name Purpose Investments Inc.
Prospectus Benchmark Index
FTSE Canada Universe Bond 60.00%
S&P 500 TR Hdg CAD 25.00%
S&P/TSX 60 15.00%
Broad Asset Class Benchmark Index
^SPTSX60TR 100.0%
Manager Tenure
Frank Maeba 5.77 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 94
-7.755M
-158.58M Category Low
1.079B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of July 31, 2022

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
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--
--
--
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% Rank in Cat (NAV)
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As of August 05, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
--
--
9.10%
-8.39%
17.64%
0.46%
29.72%
-11.03%
-7.76%
21.36%
9.78%
-7.58%
21.93%
5.56%
28.04%
-6.22%
-2.38%
26.31%
12.06%
-12.71%
25.64%
-0.43%
33.69%
-7.55%
-3.70%
23.36%
12.54%
-9.76%
20.66%
0.98%
35.56%
-7.79%
-6.06%
30.80%
14.26%
-8.85%
16.06%
3.52%
39.39%
-6.95%
-6.15%
17.12%
9.96%
-14.78%
19.85%
-2.86%
28.24%
-11.47%
As of August 05, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-5-22) 4.33%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 8.603
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of July 31, 2022

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth --
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of July 31, 2022

Asset Allocation

As of July 31, 2022.
Type % Net % Long % Short
Cash 2.98% Upgrade Upgrade
Stock 97.02% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Royal Bank of Canada 11.66% 126.47 0.02%
Bank of Montreal 11.24% 128.00 0.79%
Canadian Imperial Bank of Commerce 11.19% 65.25 0.55%
National Bank of Canada 10.93% 91.13 0.89%
Bank of Nova Scotia 10.89% 78.47 0.38%
The Toronto-Dominion Bank 10.34% 83.44 0.49%
iA Financial Corp Inc 8.46% 70.44 0.46%
Manulife Financial Corp 7.93% 23.58 0.68%
Sun Life Financial Inc 7.48% 60.40 -0.12%
Great-West Lifeco Inc 7.18% 31.10 0.16%

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. 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
Prospectus Objective --
Fund Owner Firm Name Purpose Investments Inc.
Prospectus Benchmark Index
FTSE Canada Universe Bond 60.00%
S&P 500 TR Hdg CAD 25.00%
S&P/TSX 60 15.00%
Broad Asset Class Benchmark Index
^SPTSX60TR 100.0%
Manager Tenure
Frank Maeba 5.77 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-5-22) 4.33%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 8.603
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of July 31, 2022

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth --
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of July 31, 2022

Fund Details

Key Dates
Inception Date 10/25/2016
Last Annual Report Date 12/31/2021
Last Prospectus Date 10/25/2021
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

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