Berkshire Hathaway (BRK) Yld ShrsPrpsETF (BRKY.NO)
25.09
+0.09
(+0.36%)
CAD |
NEO |
May 15, 13:37
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
1.90% | -0.00% | 9.375M | 2343.80 |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
4.78% | 398.7% | 3.112M | Upgrade |
Basic Info
Investment Strategy | |
The fund seeks to provide the Unitholders with (i) long-term capital appreciation through purchasing and holding Class A common stock and/or Class B common stock of Berkshire Hathaway Inc. (“Berkshire Hathaway”), including by using leverage through cash borrowing to purchase Class A common stock and/or Class B common stock of Berkshire Hathaway and (ii) distributions by writing covered call options and/or cash covered put options on a portion of the Purpose Fund’s portfolio. The fund will hedge substantially all of its U.S. dollar currency exposure with respect to the Units back to the Canadian dollar. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Large Cap/Growth |
Fixed Income Style | -- |
Broad Asset Class | -- |
Broad Category | Alternative |
Category Name | Alternative Equity Focused |
Category Index | Morningstar CAD O/N Cash GR CAD |
Global Category Name | Long/Short Equity |
YCharts Categorization | Other |
YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
Prospectus Objective | -- |
Fund Owner Firm Name | Purpose Investments Inc. |
Prospectus Benchmark Index | |
N/A | 100.0% |
Broad Asset Class Benchmark Index | |
^SPTSX60TR | 100.0% |
Manager Tenure | |
Nicholas Mersch | 1.36 yrs |
Performance Versus Category
As of May 14, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 14, 2024.
Basic Info
Investment Strategy | |
The fund seeks to provide the Unitholders with (i) long-term capital appreciation through purchasing and holding Class A common stock and/or Class B common stock of Berkshire Hathaway Inc. (“Berkshire Hathaway”), including by using leverage through cash borrowing to purchase Class A common stock and/or Class B common stock of Berkshire Hathaway and (ii) distributions by writing covered call options and/or cash covered put options on a portion of the Purpose Fund’s portfolio. The fund will hedge substantially all of its U.S. dollar currency exposure with respect to the Units back to the Canadian dollar. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Large Cap/Growth |
Fixed Income Style | -- |
Broad Asset Class | -- |
Broad Category | Alternative |
Category Name | Alternative Equity Focused |
Category Index | Morningstar CAD O/N Cash GR CAD |
Global Category Name | Long/Short Equity |
YCharts Categorization | Other |
YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
Prospectus Objective | -- |
Fund Owner Firm Name | Purpose Investments Inc. |
Prospectus Benchmark Index | |
N/A | 100.0% |
Broad Asset Class Benchmark Index | |
^SPTSX60TR | 100.0% |
Manager Tenure | |
Nicholas Mersch | 1.36 yrs |