Purpose Strategic Yield ETF (SYLD.TO)
18.45
+0.01
(+0.05%)
CAD |
TSX |
May 17, 15:59
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.91% | 0.20% | 280.26M | 1947.27 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 6.31% | 51.98% | -12.28M | Upgrade |
Basic Info
| Investment Strategy | |
| The fund’s investment objective is to seek to provide investors with a high yield by investing primarily in, or obtaining exposure primarily to, fixed income securities of corporate issuers located in Canada or the United States. Investments in fixed income securities generally will be below investment grade. To achieve its investment objective, the fund invests in an actively managed portfolio comprised primarily of Canadian and U.S. dollar denominated high yield debt securities, convertible bonds and loans and also may invest in any other yield-based security or asset class that develops over time. The fund seeks to select securities based on their expected return relative to risk characteristics, taking into consideration factors such as industry attractiveness, issuer credit quality, yield, duration and call protection. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Small Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Fixed Income |
| Category Name | High Yield Fixed Income |
| Category Index | Morningstar Gbl HY Bd GR CAD |
| 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 | |
| ICE BofA US High Yield TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBGATRCADH | 100.0% |
| Manager Tenure | |
| Sandy Liang | 12.33 yrs |
Performance Versus Category
As of May 16, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 16, 2024.
Basic Info
| Investment Strategy | |
| The fund’s investment objective is to seek to provide investors with a high yield by investing primarily in, or obtaining exposure primarily to, fixed income securities of corporate issuers located in Canada or the United States. Investments in fixed income securities generally will be below investment grade. To achieve its investment objective, the fund invests in an actively managed portfolio comprised primarily of Canadian and U.S. dollar denominated high yield debt securities, convertible bonds and loans and also may invest in any other yield-based security or asset class that develops over time. The fund seeks to select securities based on their expected return relative to risk characteristics, taking into consideration factors such as industry attractiveness, issuer credit quality, yield, duration and call protection. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Small Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Fixed Income |
| Category Name | High Yield Fixed Income |
| Category Index | Morningstar Gbl HY Bd GR CAD |
| 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 | |
| ICE BofA US High Yield TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBGATRCADH | 100.0% |
| Manager Tenure | |
| Sandy Liang | 12.33 yrs |