Key stats
About Purpose Monthly Income Fund
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Inception date
Sep 6, 2013
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
CA74639Y3077
The fund tactically allocates a broad range of asset classes to provide income and monthly distributions. The fund utilizes a risk-parity weighting, which means portfolio risk, as measured by volatility of the rate of return on the portfolio, is spread equally across all asset classes. Resulting in all asset classes having the same marginal contribution to the total risk of the portfolio. To realize the strategy and generate income, PIN may write cash-covered put options, write covered call options, use warrants, ETFs and derivatives such as options, forward contracts, futures contracts and swaps for and/or hold cash or fixed income securities. The options securities that the fund may invest can either be exchange-traded or OTC options. The portfolio holdings are normally reconstituted and rebalanced monthly but the portfolio advisor may choose to change its frequency. Also, part of the foreign currency exposure might be hedged back to CAD in the portfolio advisors discretion.
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
ETF
Stocks38.74%
Finance8.59%
Energy Minerals5.07%
Non-Energy Minerals5.07%
Utilities3.35%
Process Industries3.00%
Health Technology2.54%
Industrial Services2.49%
Consumer Non-Durables2.44%
Retail Trade1.51%
Technology Services1.26%
Electronic Technology1.12%
Communications1.08%
Transportation0.91%
Consumer Services0.22%
Producer Manufacturing0.08%
Bonds, Cash & Other61.26%
ETF59.86%
Cash1.40%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PIN top holdings are iShares iBoxx $ High Yield Corporate Bond ETF and Purpose Global Bond Class, occupying 19.64% and 14.57% of the portfolio correspondingly.
PIN last dividends amounted to 0.08 CAD. The month before, the issuer paid 0.08 CAD in dividends,
PIN assets under management is 6.44 M CAD. It's risen 1.74% over the last month.
PIN fund flows account for 452.42 K 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, PIN pays dividends to its holders with the dividend yield of 5.42%. The last dividend (Sep 3, 2025) amounted to 0.08 CAD. The dividends are paid monthly.
PIN shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Sep 6, 2013, and its management style is Active.
PIN expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
PIN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PIN invests in funds.
PIN price has risen by 1.88% over the last month, and its yearly performance shows a 3.50% increase. See more dynamics on PIN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.06% over the last month, showed a 3.94% increase in three-month performance and has increased by 9.49% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.06% over the last month, showed a 3.94% increase in three-month performance and has increased by 9.49% in a year.
PIN trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.