Purpose Tactical Asset Allocation ETF (RTA.NO)
28.98
+0.11
(+0.38%)
CAD |
NEO |
May 03, 16:00
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.91% | -0.01% | 739.22M | 11160.43 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 0.00% | 555.7% | 18.59M | Upgrade |
Basic Info
| Investment Strategy | |
| The objective of the Redwood Tactical Asset Allocation Fund is to provide long-term capital appreciation with lower volatility and correlation to the overall equity markets by investing in ETFs that are listed on North American exchanges and that represent North American equities, bonds and cash, using a tactical approach. The Fund’s tactical investment approach can allocate the portfolio to equities, bonds and cash to achieve its objectives. Any change to the fundamental investment objectives must be approved by a majority of votes cast at a meeting of securityholders called for that purpose. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Blend |
| Fixed Income Style | High Quality/Limited Sensitivity |
| Broad Asset Class | -- |
| Broad Category | Allocation |
| Category Name | Tactical Balanced |
| Category Index | Morningstar Can Neu Gbl Tgt Alloc NR CAD |
| Global Category Name | Flexible Allocation |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Purpose Investments Inc. |
| Prospectus Benchmark Index | |
| FTSE Canada Universe Bond | 40.00% |
| S&P 500 TR CAD | 20.00% |
| S&P/TSX Composite TR | 40.00% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Craig Basinger | 6.86 yrs |
Performance Versus Category
As of May 03, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 03, 2024.
Basic Info
| Investment Strategy | |
| The objective of the Redwood Tactical Asset Allocation Fund is to provide long-term capital appreciation with lower volatility and correlation to the overall equity markets by investing in ETFs that are listed on North American exchanges and that represent North American equities, bonds and cash, using a tactical approach. The Fund’s tactical investment approach can allocate the portfolio to equities, bonds and cash to achieve its objectives. Any change to the fundamental investment objectives must be approved by a majority of votes cast at a meeting of securityholders called for that purpose. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Blend |
| Fixed Income Style | High Quality/Limited Sensitivity |
| Broad Asset Class | -- |
| Broad Category | Allocation |
| Category Name | Tactical Balanced |
| Category Index | Morningstar Can Neu Gbl Tgt Alloc NR CAD |
| Global Category Name | Flexible Allocation |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Purpose Investments Inc. |
| Prospectus Benchmark Index | |
| FTSE Canada Universe Bond | 40.00% |
| S&P 500 TR CAD | 20.00% |
| S&P/TSX Composite TR | 40.00% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Craig Basinger | 6.86 yrs |