The Purpose Enhanced US Equity Fund seeks to provide shareholders with long-term capital appreciation and as uperior risk adjusted return relative to the broad U.S. equity markets. The Fund aims to provide returns in excess of the broad U.S. equity markets by investing in a portfolio of U.S. listed equities while maintaining a similar level of volatility as the broad U.S. equity markets. The Fund will employ leverage to increase its long portfolio exposure and to hedge the increased market risk associated with the leveraged portion of the portfolio. The Fund will implement its hedging strategy through the use of derivative instruments including by selling market index futures contracts.
Inception Date: 14/10/2014
Primary Benchmark: ---
Primary Index: CIBC WM 91 Day Treasury Bill CAD
Gross Expense Ratio: NA%
Management Expense Ratio: 1.43 %
|MSFT||Microsoft Corporation||5.21 %|
|AAPL||Apple Inc.||4.88 %|
|AMZN||Amazon.com Inc.||4.02 %|
|JNJ||Johnson & Johnson||3.08 %|
|PFE||Pfizer Inc.||2.61 %|
|HD||Home Depot Inc. (The)||2.44 %|
|PG||Procter & Gamble Company (The)||2.43 %|
|MCD||McDonald's Corporation||2.32 %|
|CSCO||Cisco Systems Inc.||2.30 %|
|HAC:CA||Horizons Seasonal Rotation ETF||1.27 %||
|PHE.B:CA||Purpose Tactical Hedged Equity..||0.97 %||
|PHW:CA||Purpose International Tactical..||0.96 %||
|PHE:CA||Purpose Tactical Hedged Equity..||0.95 %||
|ATSX:CA||Accelerate Enhanced Canadian B..||0.00 %||
|HDGE:CA||Accelerate Absolute Return Hed..||0.00 %||
|PEU.B:CA||Purpose Enhanced US Equity Fun..||1.16 %||
|Market Performance vs.
Industry/Classification (Alternative Equity Focused)
|Market Performance vs. Exchange (Toronto Stock Exchange)|
|Value||Sector Median||Percentile Rank||Grade||Market Median||Percentile Rank||Grade|
|Trailing 12 Months|
|Trailing 5 Years|
|Average Annual (5 Year Horizon)|
|Risk Return Profile|
|Volatility (Standard Deviation)||14.60%||17%||F||48%||F|
|Risk Adjusted Return||35.63%||50%||F||51%||F|
|Letter Grade||Percentage||Letter Grade||Percentage||Letter Grade||Percentage|
|Target Price Action||Rating Action||Analyst||Rating||Price||Date|
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
There is nothing we particularly like
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.