(As of 8/31/2022)

Purpose Strategic Yield Fund Series A

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






Inception Return
(8/26/2011) 		5.27 %
YTD Return -5.98 %
NAVPS
(9/29/2022) 		$7.23
Change ($0.01) / -0.19 %
Growth of $10,000 (As of August 31, 2022)
MER 1.80 %
Assets ($mil) -
Rank (1Yr) 59/384
Std Dev (3Yr) 11.46 %
Volatility Ranking (3Yr) 5/10
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 August 31, 2022)
Sector Allocation
(As of August 31, 2022)
Geographic Allocation
(As of August 31, 2022)
Top 10 Holdings
NameAssetSectorGeographicPercent
Purpose High Interest Savings ETF (PSA)Cash and EquivalentsExchange Traded FundCanada14.81%
Granite Point Mortgage Trs Inc 5.63% 01-Dec-2022Cash and EquivalentsCash and Cash EquivalentUnited States4.43%
PBF Holding Co LLC 7.25% 15-Jun-2025Foreign BondsFixed IncomeUnited States3.92%
Curo Group Holdings Corp 7.50% 01-Aug-2028Foreign BondsFixed IncomeUnited States3.35%
Enova International Inc 8.50% 01-Sep-2024Foreign BondsFixed IncomeUnited States3.23%
Vine Energy Holdings LLC 6.75% 15-Apr-2029Foreign BondsFixed IncomeUnited States2.98%
Royal Bank of Canada 4.20% PERPDomestic BondsFixed IncomeCanada2.60%
99 Escrow Issuer Inc 7.50% 15-Jan-2026Foreign BondsFixed IncomeUnited States2.59%
Tacora Resources Inc 8.25% 15-May-2026Foreign BondsFixed IncomeUnited States2.49%
Trulieve Cannabis Corp - PfdUS EquityConsumer GoodsUnited States2.38%

Performance Data (As of August 31, 2022)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.30 -1.90 -4.74 -5.98 -5.65 5.08 4.51 4.94
Benchmark 0.19 -1.70 -7.59 -11.60 -13.04 -1.53 1.73 6.63
Quartile Ranking 1 2 1 1 1 1 1 1

Calendar Return (%) 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Fund 11.34 9.77 7.80 -2.02 11.58 11.08 -5.46 0.19 8.25 15.52
Benchmark 0.50 6.14 7.98 5.36 2.96 10.80 14.93 8.91 15.20 16.66
Quartile Ranking 1 1 3 2 1 3 4 4 1 1

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