(As of 10/31/2023)

Purpose Strategic Yield Fund Series A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2021





Inception Return
(8/26/2011) 		4.57 %
YTD Return 1.14 %
NAVPS
(12/5/2023) 		$6.92
Change $0.01 / 0.09 %
Growth of $10,000 (As of October 31, 2023)
MER 1.76 %
Assets ($mil) -
Rank (1Yr) 292/308
Std Dev (3Yr) 11.46 %
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Load Front Fee Only
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
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.
Fund Manager

Purpose Investments Inc.

Portfolio Manager

Sandy Liang, Purpose Investments Inc.

Sub-Advisor

Purpose Investment Partners Inc.

 
Asset Allocation
(As of April 30, 2023)
Sector Allocation
(As of April 30, 2023)
Geographic Allocation
(As of April 30, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
Purpose High Interest Savings Fund ETF (PSA)Cash and EquivalentsExchange Traded FundCanada8.00%
PBF Holding Co LLC 7.25% 15-Jun-2025Foreign BondsFixed IncomeUnited States3.95%
Enova International Inc 8.50% 31-Dec-2023Foreign BondsFixed IncomeUnited States3.30%
LSB Industries Inc 6.25% 15-Oct-2024Foreign BondsFixed IncomeUnited States2.82%
Rithm Capital Corp 6.25% 16-Dec-2023Foreign BondsFixed IncomeUnited States2.55%
Chesapeake Energy Corp 6.75% 15-Apr-2024Foreign BondsFixed IncomeUnited States2.40%
Curo Group Holdings Corp 7.50% 01-Aug-2024Foreign BondsFixed IncomeUnited States2.34%
Tacora Resources Inc 8.25% 31-Dec-2023Foreign BondsFixed IncomeUnited States2.23%
Royal Bank of Canada 4.20% PERPDomestic BondsFixed IncomeCanada2.19%
Stonemor Inc 8.50% 15-May-2024Foreign BondsFixed IncomeUnited States2.09%

Performance Data (As of October 31, 2023)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -1.44 -1.20 0.38 1.14 -0.25 3.38 3.12 3.48
Benchmark 1.59 2.77 1.97 6.80 11.19 0.78 3.11 5.93
Quartile Ranking 4 2 1 4 4 1 1 2

Calendar Return (%) 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Fund -8.98 11.34 9.77 7.80 -2.02 11.58 11.08 -5.46 0.19 8.25
Benchmark -6.92 0.50 6.14 7.98 5.36 2.96 10.80 14.93 8.91 15.20
Quartile Ranking 2 1 1 4 2 1 3 4 4 1

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