Analysis

Key stats

About PURPOSE FUND CORP MONTHLY INCOME FD

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.