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About Purpose Emerging Markets Dividend Fund
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Inception date
Aug 23, 2017
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
ISIN
CA74641E1097
The fund seeks to: (i) provide capital appreciation while mitigating downside risk, and (ii) generate a high level of dividend income. This is done through a combination of long emerging market equities and options strategies. The long-term target allocation for long equities will be approximately at least 70% and the options strategy will make up the remaining portfolio exposure. A multi-factor model is employed in security selection. First, eligible securities from the investable universe are assessed and ranked based on key factors. The fund adviser then selects the highest-ranking securities using a proprietary composite score. The options strategy, on the other hand, consists of selling cash covered put options and selling call options on regional ETFs and single name equities with high rankings from the fund advisors quantitative screens. Portfolio holdings are reconstituted and rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
ETF
Stocks69.34%
Finance26.24%
Electronic Technology13.82%
Retail Trade9.02%
Non-Energy Minerals5.20%
Energy Minerals4.89%
Technology Services2.79%
Communications2.49%
Consumer Durables2.37%
Consumer Services1.13%
Consumer Non-Durables0.48%
Producer Manufacturing0.42%
Industrial Services0.11%
Bonds, Cash & Other30.66%
ETF30.28%
Cash0.96%
Rights & Warrants−0.58%
Stock breakdown by region
Asia51.65%
North America35.99%
Latin America8.63%
Africa3.71%
Europe0.03%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
REM invests in stocks. The fund's major sectors are Finance, with 26.40% stocks, and Electronic Technology, with 13.90% of the basket. The assets are mostly located in the Asia region.
REM top holdings are Purpose Cash Management Fund Trust Units and iShares MSCI India ETF, occupying 16.16% and 8.74% of the portfolio correspondingly.
REM assets under management is 11.44 M CAD. It's risen 2.78% over the last month.
REM fund flows account for 2.39 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, REM doesn't pay dividends to its holders.
REM shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Aug 23, 2017, and its management style is Active.
REM expense ratio is 1.57% meaning you'd have to pay 1.57% of your investment to help manage the fund.
REM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
REM invests in stocks.
REM price has risen by 1.54% over the last month, and its yearly performance shows a 6.27% increase. See more dynamics on REM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.41% over the last month, have fallen by −0.41% over the last month, showed a 6.21% increase in three-month performance and has increased by 13.39% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.41% over the last month, have fallen by −0.41% over the last month, showed a 6.21% increase in three-month performance and has increased by 13.39% in a year.
REM trades at a premium (0.89%) meaning the ETF is trading at a higher price than the calculated NAV.