PURPOSE GLOBAL FLEXIBLE CR FD ETF UNITPURPOSE GLOBAL FLEXIBLE CR FD ETF UNITPURPOSE GLOBAL FLEXIBLE CR FD ETF UNIT

PURPOSE GLOBAL FLEXIBLE CR FD ETF UNIT

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Key stats

Assets under management (AUM)
‪23.45 M‬CAD
Fund flows (1Y)
‪−6.27 M‬CAD
Dividend yield (indicated)
5.62%
Discount/Premium to NAV
−1.6%

About PURPOSE GLOBAL FLEXIBLE CR FD ETF UNIT

Issuer
Purpose Unlimited
Brand
Purpose
Expense ratio
1.40%
Inception date
Aug 7, 2018
Index tracked
No Underlying Index
Management style
Active
The fund seeks current income and capital preservation by investing primarily in floating rate debt securities across the credit spectrum. Securities are issued by companies, governments, and special-purpose vehicles in the developed and emerging markets. The fund may hold high-yield securities, CLOs, ABS, MBS, senior secured and unsecured bank loans, structured credit, short-duration bonds as well as preferred shares. In addition, various derivatives, including warrants, options, swaps, swaptions and forward contracts on various financial instruments and currencies may, when appropriate, be used for hedging and non-hedging purposes. The fund will maintain long and short positions and, at times, may be long and short different securities of the same issuer. The fund may pursue capital structure arbitrage, relative value, and other opportunistic situations, as well as take outright long and short positions.

Classification

Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Broad credit
Niche
Broad maturities
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 May 31, 2024
Exposure type
StocksBonds, Cash & Other
Corporate
Futures
Securitized
Stocks2.28%
Utilities1.65%
Finance0.55%
Consumer Services0.09%
Bonds, Cash & Other97.72%
Corporate54.84%
Futures22.67%
Securitized11.80%
Government3.35%
Cash2.11%
Miscellaneous1.62%
Loans1.35%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows