Purpose Canadian Preferred Share ETF (RPS.NO)
21.73
-0.01
(-0.05%)
CAD |
NEO |
May 17, 16:00
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
0.92% | 0.09% | 173.01M | 2461.73 |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
5.25% | 30.25% | 47.88M | Upgrade |
Basic Info
Investment Strategy | |
The fund seeks to provide a consistent stream of income with potential for capital appreciation by investing in Canadian income producing securities and Canadian equities. The fund will invest in Canadian preferred securities, with a focus on preferred securities; dividend paying Canadian equities; income and royalty trusts; ETFs; and fixed-income investments, with a view to consistent interest or distribution payments. Investments in floating rate preferred securities will be of Canadian issuers whose debt, at a minimum, has an investment grade rating at the time of purchase. Up to 5% of the fund’s portfolio may be invested in equities and the fund may invest up to approximately 20% (at the time of investment and on a cost basis) of its assets in foreign securities. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Small Cap/Value |
Fixed Income Style | -- |
Broad Asset Class | -- |
Broad Category | Fixed Income |
Category Name | Preferred Share Fixed Income |
Category Index | S&P/TSX Preferred Share TR |
Global Category Name | Canada Fixed Income |
YCharts Categorization | Canada Bond |
YCharts Benchmark | Bloomberg Global Aggregate CAD (^BBGATRCAD) |
Prospectus Objective | -- |
Fund Owner Firm Name | Purpose Investments Inc. |
Prospectus Benchmark Index | |
S&P/TSX Preferred Share TR | 100.0% |
Broad Asset Class Benchmark Index | |
^BBGATRCADH | 100.0% |
Manager Tenure | |
Sandy Liang | 6.00 yrs |
Performance Versus Category
As of May 17, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 17, 2024.
Basic Info
Investment Strategy | |
The fund seeks to provide a consistent stream of income with potential for capital appreciation by investing in Canadian income producing securities and Canadian equities. The fund will invest in Canadian preferred securities, with a focus on preferred securities; dividend paying Canadian equities; income and royalty trusts; ETFs; and fixed-income investments, with a view to consistent interest or distribution payments. Investments in floating rate preferred securities will be of Canadian issuers whose debt, at a minimum, has an investment grade rating at the time of purchase. Up to 5% of the fund’s portfolio may be invested in equities and the fund may invest up to approximately 20% (at the time of investment and on a cost basis) of its assets in foreign securities. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Small Cap/Value |
Fixed Income Style | -- |
Broad Asset Class | -- |
Broad Category | Fixed Income |
Category Name | Preferred Share Fixed Income |
Category Index | S&P/TSX Preferred Share TR |
Global Category Name | Canada Fixed Income |
YCharts Categorization | Canada Bond |
YCharts Benchmark | Bloomberg Global Aggregate CAD (^BBGATRCAD) |
Prospectus Objective | -- |
Fund Owner Firm Name | Purpose Investments Inc. |
Prospectus Benchmark Index | |
S&P/TSX Preferred Share TR | 100.0% |
Broad Asset Class Benchmark Index | |
^BBGATRCADH | 100.0% |
Manager Tenure | |
Sandy Liang | 6.00 yrs |