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Purpose Investments
An actively managed global equity fund: 64 stocks, 84% United States, unhedged, for 0.65% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Active equity portfolio with a United States tilt. United States is the dominant region at 83.5%, and that positioning was the largest geographic influence on results.
Top holding: AppLovin Corp 4.0% (broad) · Top sector: Technology 33.7% (sector-tilted) · Top region: United States 83.5% (single-country)
Technology 33.7%·Communication Services 13.8%·Healthcare 13.7%·Consumer Discretionary 13.0%·Financials 12.7%·Other 6.7%·Other (locked) 6.6%
United States 83.5%·Europe 9.9%·Emerging Markets 6.5%
Source: fund provider disclosure.
The management fee was 0.65% a year, or about $65 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $4M· net assets |
| Listed | 2014· 12 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | PBI.B.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Broad Market |
| Geography | Global / World |
| Provider | Purpose Investments |
| Mgmt fee | 0.65% |
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Prices as of last close.
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