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Purpose Credit Opportunities Fund Series A
Alternative Credit Focus
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FundGrade B
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FundGrade A+® Rating Recipient
2022
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|
NAVPS (05-13-2026) |
$10.29 |
|---|---|
| Change |
$0.00
(0.04%)
|
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (September 09, 2019): 6.34%
| 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 | 1.59% | 1.24% | 1.71% | 1.65% | 10.40% | 8.62% | 8.48% | 4.81% | 4.05% | 7.66% | - | - | - | - |
| Benchmark | 0.06% | -0.26% | -0.74% | 0.36% | 1.56% | 5.13% | 3.07% | 2.76% | 0.70% | 0.18% | 1.34% | 1.91% | 1.59% | 1.73% |
| Category Average | 0.80% | 0.58% | 1.70% | 1.30% | 6.26% | 6.47% | 6.27% | 5.32% | 3.62% | 5.20% | 4.26% | - | - | - |
| Category Rank | 22 / 149 | 21 / 145 | 57 / 145 | 44 / 145 | 14 / 133 | 21 / 110 | 20 / 106 | 58 / 91 | 25 / 64 | 6 / 41 | - | - | - | - |
| Quartile Ranking | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 2 | 1 | - | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.53% | 1.41% | 1.29% | 1.05% | 1.93% | 1.04% | 0.29% | -0.22% | 0.40% | 0.12% | -0.46% | 1.59% |
| Benchmark | 0.08% | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% |
Best Monthly Return Since Inception
5.86% (April 2020)
Worst Monthly Return Since Inception
-9.31% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | 13.94% | 8.81% | -7.27% | 5.42% | 11.96% | 7.09% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | 1 | 1 | 4 | 4 | 1 | 1 |
| Category Rank | - | - | - | - | 5/ 36 | 15/ 64 | 65/ 85 | 82/ 105 | 20/ 110 | 22/ 131 |
Best Calendar Return (Last 10 years)
13.94% (2020)
Worst Calendar Return (Last 10 years)
-7.27% (2022)
Asset Allocation
Sector Allocation
Geographic Allocation
Top Holdings
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Purpose Credit Opportunities Fund Series A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 3.55% | 4.39% | - |
|---|---|---|---|
| Beta | 0.34 | 0.36 | - |
| Alpha | 0.07 | 0.04 | - |
| Rsquared | 0.25% | 0.23% | - |
| Sharpe | 1.30 | 0.27 | - |
| Sortino | 2.79 | 0.34 | - |
| Treynor | 0.14 | 0.03 | - |
| Tax Efficiency | 71.07% | 40.61% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.70% | 3.55% | 4.39% | - |
| Beta | 0.33 | 0.34 | 0.36 | - |
| Alpha | 0.09 | 0.07 | 0.04 | - |
| Rsquared | 0.21% | 0.25% | 0.23% | - |
| Sharpe | 2.81 | 1.30 | 0.27 | - |
| Sortino | 8.08 | 2.79 | 0.34 | - |
| Treynor | 0.23 | 0.14 | 0.03 | - |
| Tax Efficiency | 76.70% | 71.07% | 40.61% | - |
Fund Details
| Start Date | September 09, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $68 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PFC4803 |
Investment Objectives
The fund seeks to maximize total returns for unitholders, consisting of both distributions and capital appreciation. The fund invests, directly or indirectly, primarily in debt and equity securities of non-investment grade rated, publicly traded issuers. 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
To achieve its investment objectives, the fund invests, directly or indirectly, primarily in debt and equity securities of non-investment grade rated, publicly traded issuers, using the investment strategies described below. The manager uses corporate credit investment and leveraged company strategies designed to maximize risk-adjusted returns and preserve capital in each phase of the credit cycle.
Portfolio Management
| Portfolio Manager |
Purpose Investment Partners Inc.
|
|---|---|
| Sub-Advisor |
Purpose Investments Inc.
|
Management and Organization
| Fund Manager |
Purpose Investment Partners 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 | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.46% |
|---|---|
| Management Fee | 1.85% |
| 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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