PURPOSE CANADIAN FINANCIAL INCOME F ETF SHSPURPOSE CANADIAN FINANCIAL INCOME F ETF SHSPURPOSE CANADIAN FINANCIAL INCOME F ETF SHS

PURPOSE CANADIAN FINANCIAL INCOME F ETF SHS

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Key stats


Assets under management (AUM)
‪2.76 M‬CAD
Fund flows (1Y)
‪−14.64 K‬CAD
Dividend yield (indicated)
5.32%
Discount/Premium to NAV
−0.2%

About PURPOSE CANADIAN FINANCIAL INCOME F ETF SHS


Issuer
Purpose Unlimited
Brand
Purpose
Expense ratio
0.85%
Inception date
Oct 26, 2016
Index tracked
No Underlying Index
Management style
Active
The fund seeks to provide long-term capital appreciation and monthly distributions by investing in a portfolio of Canadian banks (up to 70% on an equal-weighted basis) and insurance companies (up to 30% on an equal-weighted basis). The fund will write covered call options from time to time in order to: (i) enhance the funds total returns, (ii) enhance the dividend yield of the portfolio securities and (iii) lower the overall volatility of the funds portfolio. The fund may use derivatives in order to further meet its investment objectives, and may also engage in short selling or other securities lending transactions to generate additional income.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Broad-based
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of September 30, 2024
Exposure type
StocksBonds, Cash & Other
Finance
Stocks99.36%
Finance99.17%
Bonds, Cash & Other0.64%
Cash0.83%
Rights & Warrants−0.19%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows