Purpose Canadian Financial Income ETF (BNC.TO)
23.57
0.00 (0.00%)
CAD |
TSX |
Aug 05, 16:00
Price Chart
Key Stats
Customize
| 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
1 Month
% Rank:
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Category High
1 Year
% Rank:
94
-7.755M
-158.58M
Category Low
1.079B
Category High
3 Months
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3 Years
% Rank:
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6 Months
% Rank:
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5 Years
% Rank:
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YTD
% Rank:
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10 Years
% Rank:
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As of July 31, 2022
Performance Versus Category
As of August 05, 2022. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of August 05, 2022.
Asset Allocation
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% |
News
Headline
Wire
Time (ET)
Globe Newswire
07/21 17:00
Globe Newswire
06/24 18:00
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
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 |
News
Headline
Wire
Time (ET)
Globe Newswire
07/21 17:00
Globe Newswire
06/24 18:00