Key stats
About Purpose Global Innovators Fund
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Inception date
Mar 5, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
ISIN
CA74641A1075
The fund aims to invest in leading-edge businesses that are positioned to bring about or benefit from disruptive innovation. Companies may be of any market capitalization and market sector. Selection begins with a top-down analysis for global investment themes within each industry. The process combines with bottom-up fundamental and technical analysis to select 40-60 stocks with growth potential. Stocks selected may be from established or emerging contributors, however the portfolio will tilt to smaller companies.
Related funds
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region
Top 10 holdings
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PINV assets under management is 1.30 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PINV invests in stocks. See more details in our Analysis section.
PINV expense ratio is 4.48%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PINV isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, PINV doesn't pay dividends to its holders.
PINV shares are issued by Purpose Unlimited
PINV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 5, 2018.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.