Purpose Tactical Hedged Equity ETF (PHE.TO)
32.72
0.00 (0.00%)
CAD |
TSX |
Apr 18, 16:00
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
0.97% | 1.29% | 7.990M | 536.67 |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
0.00% | 108.2% | -1.680M | Upgrade |
Basic Info
Investment Strategy | |
The fund seeks to provide shareholders with (i) consistent long-term capital appreciation with an attractive risk-adjusted rate of return investing in a portfolio of U.S. listed equities; and (ii) less volatility and low correlation to U.S. equity markets by hedging the fund’s exposure to overall market risk. The fund uses a multi-factor, fundamental rules-based portfolio selection strategy to select long portfolio securities from a universe of U.S. listed equities. |
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 | Alternative Miscellaneous |
YCharts Categorization | Other |
YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
Prospectus Objective | -- |
Fund Owner Firm Name | Purpose Investments Inc. |
Prospectus Benchmark Index | |
S&P 500 TR Hdg CAD | 100.0% |
Broad Asset Class Benchmark Index | |
^SPTSX60TR | 100.0% |
Manager Tenure | |
Frank Maeba | 10.60 yrs |
Performance Versus Category
As of April 18, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of April 18, 2024.
Basic Info
Investment Strategy | |
The fund seeks to provide shareholders with (i) consistent long-term capital appreciation with an attractive risk-adjusted rate of return investing in a portfolio of U.S. listed equities; and (ii) less volatility and low correlation to U.S. equity markets by hedging the fund’s exposure to overall market risk. The fund uses a multi-factor, fundamental rules-based portfolio selection strategy to select long portfolio securities from a universe of U.S. listed equities. |
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 | Alternative Miscellaneous |
YCharts Categorization | Other |
YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
Prospectus Objective | -- |
Fund Owner Firm Name | Purpose Investments Inc. |
Prospectus Benchmark Index | |
S&P 500 TR Hdg CAD | 100.0% |
Broad Asset Class Benchmark Index | |
^SPTSX60TR | 100.0% |
Manager Tenure | |
Frank Maeba | 10.60 yrs |