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Purpose Canadian Financial Income Fund Series A
Financial Services Equity
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 A
Click for more information on Fundata’s ESG Grade.
|
NAVPS (05-13-2026) |
$33.98 |
|---|---|
| Change |
-$0.28
(-0.81%)
|
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 26, 2016): 11.38%
| 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 | 11.00% | 11.68% | 19.05% | 10.63% | 44.04% | 31.61% | 21.71% | 16.09% | 13.78% | 18.89% | 12.55% | 11.64% | 10.91% | - |
| Benchmark | 4.92% | 0.24% | 4.30% | 0.76% | 19.15% | 22.13% | 21.21% | 16.76% | 13.60% | 16.31% | 11.15% | 10.41% | 10.21% | 11.97% |
| Category Average | 8.09% | 4.95% | 12.13% | 4.62% | 34.30% | 27.29% | 23.04% | 16.29% | 12.73% | 18.24% | 12.31% | 11.26% | 11.17% | 12.37% |
| Category Rank | 18 / 81 | 29 / 79 | 29 / 79 | 30 / 79 | 33 / 75 | 33 / 69 | 41 / 66 | 22 / 53 | 21 / 50 | 19 / 45 | 21 / 45 | 22 / 42 | 23 / 37 | - |
| Quartile Ranking | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 5.08% | 2.91% | -0.32% | 4.72% | 4.29% | 2.78% | 3.71% | 3.76% | -0.94% | 3.66% | -2.94% | 11.00% |
| Benchmark | 4.60% | 2.54% | 2.04% | 2.63% | 2.45% | -0.72% | 1.94% | 1.54% | 0.52% | 0.70% | -5.11% | 4.92% |
Best Monthly Return Since Inception
13.34% (November 2020)
Worst Monthly Return Since Inception
-17.60% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 9.44% | -11.72% | 19.57% | -1.25% | 28.78% | -9.16% | 10.12% | 21.77% | 29.12% |
| Benchmark | 6.34% | 15.24% | -4.99% | 19.43% | -5.24% | 22.05% | -5.68% | 13.41% | 31.42% | 21.57% |
| Category Average | 11.10% | 15.65% | -8.72% | 20.37% | 0.17% | 28.60% | -10.67% | 9.26% | 27.44% | 27.70% |
| Quartile Ranking | - | 4 | 4 | 3 | 4 | 3 | 2 | 3 | 4 | 2 |
| Category Rank | - | 37/ 37 | 34/ 41 | 23/ 43 | 35/ 45 | 31/ 50 | 14/ 50 | 39/ 59 | 54/ 68 | 33/ 71 |
Best Calendar Return (Last 10 years)
29.12% (2025)
Worst Calendar Return (Last 10 years)
-11.72% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 97.50 |
| Cash and Equivalents | 2.50 |
Sector Allocation
| Name | Percent |
|---|---|
| Financial Services | 97.73 |
| Cash and Cash Equivalent | 2.50 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| National Bank of Canada | 11.50 |
| Canadian Imperial Bank of Commerce | 11.41 |
| Bank of Nova Scotia | 11.40 |
| Toronto-Dominion Bank | 11.39 |
| Bank of Montreal | 11.31 |
| Royal Bank of Canada | 11.29 |
| Great-West Lifeco Inc | 7.42 |
| Sun Life Financial Inc | 7.35 |
| iA Financial Corp Inc | 7.33 |
| Manulife Financial Corp | 7.32 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose Canadian Financial Income Fund Series A
Median
Other - Financial Services Equity
3 Yr Annualized
| Standard Deviation | 13.45% | 13.82% | - |
|---|---|---|---|
| Beta | 0.93 | 0.91 | - |
| Alpha | 0.02 | 0.02 | - |
| Rsquared | 0.54% | 0.65% | - |
| Sharpe | 1.27 | 0.80 | - |
| Sortino | 2.69 | 1.34 | - |
| Treynor | 0.18 | 0.12 | - |
| Tax Efficiency | 87.28% | 83.39% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 12.18% | 13.45% | 13.82% | - |
| Beta | 1.04 | 0.93 | 0.91 | - |
| Alpha | 0.19 | 0.02 | 0.02 | - |
| Rsquared | 0.60% | 0.54% | 0.65% | - |
| Sharpe | 2.90 | 1.27 | 0.80 | - |
| Sortino | 10.06 | 2.69 | 1.34 | - |
| Treynor | 0.34 | 0.18 | 0.12 | - |
| Tax Efficiency | 94.96% | 87.28% | 83.39% | - |
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 26, 2016 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $2 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC2400 |
Investment Objectives
The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.
Investment Strategy
To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). The fund will write covered call options from time to time in respect of the securities it holds to (i) enhance the fund’s total returns, (ii) enhance the dividend yield of the portfolio securities and (iii) lower the overall volatility of the fund’s portfolio.
Portfolio Management
| Portfolio Manager |
Purpose Investments Inc. |
|---|---|
| Sub-Advisor |
Neuberger Berman Breton Hill ULC |
Management and Organization
| Fund Manager |
Purpose Investments Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
CIBC Mellon Global Securities Services |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 5,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 15,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.79% |
|---|---|
| Management Fee | 1.55% |
| 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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