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About Purpose Enhanced Dividend Fund
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Inception date
Jan 2, 2018
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Primary advisor
Purpose Investments, Inc.
ISIN
CA74640V1022
The fund seeks to provide long-term capital appreciation and monthly distributions to its stockholders by investing in a portfolio of equities listed on North American exchanges that are deemed high-quality and dividend-paying based on a fundamental rules-based portfolio selection strategy that intends to create value and reduce risk over the investment period. The fund systematically selects companies that have attractive dividend yield and the ability to grow their businesses and dividends for shareholders in the future. Quality and financial risk screens are also used in order to minimize risk. The funds portfolio is broadly diversified by industry sector, such that each does not represent more than 20% of the NAV of the fund. 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. Portfolio holdings are reconstituted and rebalanced on a quarterly basis.
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
ETF
Stocks69.99%
Finance15.29%
Health Technology7.48%
Energy Minerals6.67%
Consumer Non-Durables6.30%
Industrial Services6.06%
Retail Trade3.45%
Transportation3.44%
Technology Services3.28%
Utilities3.14%
Communications3.07%
Electronic Technology3.02%
Non-Energy Minerals2.89%
Process Industries2.64%
Consumer Services1.49%
Producer Manufacturing0.89%
Bonds, Cash & Other30.01%
ETF23.36%
Cash7.93%
Rights & Warrants−1.28%
Stock breakdown by region
North America98.59%
Europe1.41%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PDIV invests in stocks. The fund's major sectors are Finance, with 15.48% stocks, and Health Technology, with 7.57% of the basket. The assets are mostly located in the North America region.
PDIV last dividends amounted to 0.10 CAD. The month before, the issuer paid 0.10 CAD in dividends,
PDIV assets under management is 67.70 M CAD. It's risen 5.27% over the last month.
PDIV fund flows account for 34.72 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.
Yes, PDIV pays dividends to its holders with the dividend yield of 12.26%. The last dividend (Sep 3, 2025) amounted to 0.09 CAD. The dividends are paid monthly.
PDIV shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Jan 2, 2018, and its management style is Active.
PDIV expense ratio is 1.00% meaning you'd have to pay 1.00% of your investment to help manage the fund.
PDIV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PDIV invests in stocks.
PDIV price has risen by 2.52% over the last month, and its yearly performance shows a −1.01% decrease. See more dynamics on PDIV price chart.
NAV returns, another gauge of an ETF dynamics, showed a 4.79% increase in three-month performance and has increased by 11.55% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 4.79% increase in three-month performance and has increased by 11.55% in a year.
PDIV trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.