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Purpose US Preferred Share Fund - Series A
Preferred Sh Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade E
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-13-2026) |
$17.32 |
|---|---|
| Change |
$0.00
(-0.02%)
|
As at April 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (March 08, 2017): 1.34%
| 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 | 1.36% | -0.21% | 0.48% | 0.14% | 4.17% | 5.42% | 7.42% | 2.56% | 0.00% | 2.10% | 1.51% | 1.64% | 1.29% | - |
| Benchmark | 2.51% | 2.47% | 4.37% | 2.87% | 20.10% | 15.82% | 15.41% | 9.26% | 6.77% | 11.11% | 7.61% | 5.78% | 5.70% | 6.90% |
| Category Average | 2.25% | 2.06% | 4.19% | 2.74% | 17.66% | 13.76% | 14.01% | 8.38% | 6.09% | 10.55% | 7.09% | 5.38% | 5.18% | 6.50% |
| Category Rank | 60 / 67 | 65 / 67 | 62 / 67 | 64 / 67 | 65 / 67 | 62 / 64 | 62 / 64 | 62 / 64 | 63 / 64 | 57 / 59 | 57 / 58 | 49 / 50 | 47 / 48 | - |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.23% | 1.04% | 0.30% | 0.15% | 0.65% | 0.25% | 0.00% | 0.34% | 0.35% | -0.12% | -1.43% | 1.36% |
| Benchmark | 5.05% | 2.77% | 3.19% | 0.22% | 0.80% | 2.24% | -0.08% | 1.55% | 0.39% | 0.89% | -0.92% | 2.51% |
Best Monthly Return Since Inception
7.17% (April 2020)
Worst Monthly Return Since Inception
-13.24% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | -7.05% | 14.65% | 3.06% | 1.74% | -16.35% | 2.96% | 10.88% | 4.07% |
| Benchmark | 6.98% | 13.62% | -7.93% | 3.48% | 6.16% | 19.35% | -18.08% | 5.90% | 24.70% | 16.03% |
| Category Average | 8.78% | 12.66% | -8.25% | 4.17% | 5.25% | 19.63% | -16.73% | 6.27% | 21.47% | 13.42% |
| Quartile Ranking | - | - | 2 | 1 | 4 | 4 | 2 | 4 | 4 | 4 |
| Category Rank | - | - | 20/ 50 | 5/ 54 | 50/ 59 | 63/ 64 | 31/ 64 | 59/ 64 | 62/ 64 | 62/ 67 |
Best Calendar Return (Last 10 years)
14.65% (2019)
Worst Calendar Return (Last 10 years)
-16.35% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 80.70 |
| US Equity | 8.76 |
| Foreign Government Bonds | 6.79 |
| Cash and Equivalents | 3.75 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 87.49 |
| Financial Services | 8.76 |
| Cash and Cash Equivalent | 3.75 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 66.27 |
| Europe | 33.73 |
Top Holdings
| Name | Percent |
|---|---|
| PNC Financial Services Group Inc. (USD) (The) 3.40% 15-Dec-2169 | 5.36 |
| US Bancorp (USD) 3.70% 15-Jan-2170 | 5.23 |
| Ally Financial Inc. (USD) 4.70% 31-Dec-2049 | 5.08 |
| Charles Schwab Corp - Pfd | 5.01 |
| M&T Bank Corporation (USD) 3.50% 31-Dec-2049 | 4.86 |
| HSBC Holdings PLC (USD) 6.75% 31-Dec-2049 | 4.51 |
| Citigroup Inc. (USD) 6.50% 31-Dec-2049 | 4.34 |
| UBS Group AG 4.38% PERP | 4.14 |
| Barclays PLC 9.63% PERP | 4.08 |
| Bank of America Corporation (USD) 4.38% 31-Dec-2049 | 3.78 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose US Preferred Share Fund - Series A
Median
Other - Preferred Sh Fixed Income
3 Yr Annualized
| Standard Deviation | 4.82% | 8.85% | - |
|---|---|---|---|
| Beta | 0.39 | 0.57 | - |
| Alpha | 0.01 | -0.04 | - |
| Rsquared | 0.54% | 0.44% | - |
| Sharpe | 0.76 | -0.28 | - |
| Sortino | 1.91 | -0.38 | - |
| Treynor | 0.09 | -0.04 | - |
| Tax Efficiency | 66.68% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.54% | 4.82% | 8.85% | - |
| Beta | 0.33 | 0.39 | 0.57 | - |
| Alpha | -0.02 | 0.01 | -0.04 | - |
| Rsquared | 0.56% | 0.54% | 0.44% | - |
| Sharpe | 0.68 | 0.76 | -0.28 | - |
| Sortino | 0.64 | 1.91 | -0.38 | - |
| Treynor | 0.05 | 0.09 | -0.04 | - |
| Tax Efficiency | 42.72% | 66.68% | - | - |
Fund Details
| Start Date | March 08, 2017 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $0 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC4000 |
Investment Objectives
The fund seeks to provide unitholders with (i) with a regular stream of monthly distributions and (ii) opportunity for capital appreciation by investing primarily in U.S. dollar denominated investment grade preferred securities.
Investment Strategy
To achieve its investment objectives the fund will invest primarily in a portfolio of U.S. investment grade preferred securities of issuers that the investment sub-advisor or the manager believes have strong fundamentals and are priced at attractive relative valuations and will be actively managed by the investment sub-advisor. Preferred securities are primarily issued by companies in the financial sector and, to a lesser degree, by companies in other sectors, such as industrials and utilities.
Portfolio Management
| Portfolio Manager |
Neuberger Berman Investment Advisers LLC
|
|---|---|
| Sub-Advisor |
Neuberger Berman Investment Advisers LLC |
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 | 1,000 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.79% |
|---|---|
| Management Fee | 1.50% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.75% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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