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Purpose Multi-Strategy Market Neutral Fund Class A
Alternative Market Neutrl
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade C
Click for more information on Fundata’s ESG Grade.
|
NAVPS (05-13-2026) |
$24.47 |
|---|---|
| Change |
$0.08
(0.33%)
|
As at April 30, 2026
As at April 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (October 14, 2014): 1.94%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | -0.31% | 0.43% | 0.59% | 1.86% | 16.49% | 9.36% | 9.64% | 7.93% | 5.70% | 5.23% | 1.01% | 1.02% | 1.57% | 2.18% |
| Benchmark | 3.81% | 7.00% | 13.54% | 7.89% | 40.10% | 28.50% | 21.54% | 16.52% | 15.51% | 18.30% | 14.14% | 13.56% | 12.35% | 12.61% |
| Category Average | -0.19% | -0.10% | 0.83% | 0.06% | 4.55% | 5.54% | 5.92% | 4.48% | 2.03% | 2.62% | 1.55% | - | - | - |
| Category Rank | 31 / 39 | 12 / 39 | 13 / 39 | 12 / 39 | 3 / 39 | 7 / 34 | 7 / 33 | 8 / 30 | 11 / 25 | 13 / 16 | 14 / 14 | - | - | - |
| Quartile Ranking | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 4 | 4 | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.37% | 2.94% | 2.12% | 1.29% | 3.95% | 2.21% | 0.49% | -1.73% | 1.42% | 1.42% | -0.67% | -0.31% |
| Benchmark | 5.56% | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% |
Best Monthly Return Since Inception
3.95% (September 2025)
Worst Monthly Return Since Inception
-10.65% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.50% | 5.68% | -3.27% | 0.03% | -15.22% | 4.26% | -4.27% | 4.72% | 17.23% | 7.54% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% | 9.41% | 5.55% |
| Quartile Ranking | - | - | - | - | 4 | 3 | 4 | 2 | 1 | 2 |
| Category Rank | - | - | - | - | 16/ 16 | 12/ 22 | 28/ 30 | 9/ 33 | 7/ 33 | 12/ 39 |
Best Calendar Return (Last 10 years)
17.23% (2024)
Worst Calendar Return (Last 10 years)
-15.22% (2020)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 35.17 |
| Cash and Equivalents | 32.53 |
| Foreign Corporate Bonds | 14.83 |
| Foreign Government Bonds | 13.84 |
| International Equity | 3.99 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 28.71 |
| Cash and Cash Equivalent | 19.17 |
| Technology | 16.13 |
| Exchange Traded Fund | 13.36 |
| Financial Services | 4.12 |
| Other | 18.51 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 76.93 |
| Latin America | 7.58 |
| Europe | 7.26 |
| Africa and Middle East | 3.38 |
| Asia | 3.27 |
| Other | 1.58 |
Top Holdings
| Name | Percent |
|---|---|
| Purpose Tactical Hedged Equity Fund ETF NCH(PHE.B) | 38.14 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 14.75 |
| iShares JPMorgan USD EM Bond ETF (EMB) | 14.66 |
| Purpose Cash Management Fund ETF - Closed | 13.36 |
| Purpose USD Cash Management Fund Class A | 13.29 |
| Cash and Cash Equivalents | 2.31 |
| Forint | 1.91 |
| Brazilian Real | 1.82 |
| Margin - US Dollar | 1.69 |
| Mexican Nuevo Peso | 0.98 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose Multi-Strategy Market Neutral Fund Class A
Median
Other - Alternative Market Neutrl
3 Yr Annualized
| Standard Deviation | 6.11% | 6.08% | 6.98% |
|---|---|---|---|
| Beta | 0.24 | 0.23 | 0.33 |
| Alpha | 0.04 | 0.02 | -0.02 |
| Rsquared | 0.21% | 0.23% | 0.38% |
| Sharpe | 0.95 | 0.47 | 0.07 |
| Sortino | 1.76 | 0.65 | -0.10 |
| Treynor | 0.24 | 0.12 | 0.02 |
| Tax Efficiency | 100.00% | 100.00% | 97.41% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.59% | 6.11% | 6.08% | 6.98% |
| Beta | 0.22 | 0.24 | 0.23 | 0.33 |
| Alpha | 0.08 | 0.04 | 0.02 | -0.02 |
| Rsquared | 0.18% | 0.21% | 0.23% | 0.38% |
| Sharpe | 2.35 | 0.95 | 0.47 | 0.07 |
| Sortino | 5.56 | 1.76 | 0.65 | -0.10 |
| Treynor | 0.59 | 0.24 | 0.12 | 0.02 |
| Tax Efficiency | 100.00% | 100.00% | 100.00% | 97.41% |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
Fund Details
| Start Date | October 14, 2014 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $0 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC1400 |
Investment Objectives
The fund seeks to provide unitholders with positive absolute returns that are not correlated to the broader securities markets. The fund will utilize a multi-strategy approach by allocating its assets across various asset classes including equities, currencies and commodities. The aggregate gross exposure of the fund shall not exceed the limits on the use of leverage or as otherwise permitted under applicable securities legislation.
Investment Strategy
The fund seeks to achieve its investment objectives by investing in long and short positions across multiple asset classes, which may include, but are not limited to, equity securities, fixed income securities, commodities and currencies. Positions are chosen by the investment advisor based on an analysis of technical trends and fundamental outperformance factors that are tailored to each asset class.
Portfolio Management
| Portfolio Manager |
Purpose Investments Inc. |
|---|---|
| Sub-Advisor |
Neuberger Berman Canada ULC
|
Management and Organization
| Fund Manager |
Purpose Investments Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Mellon Global Securities Services Company |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 2.36% |
|---|---|
| Management Fee | 1.95% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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