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Purpose Investments
An actively managed global technology equity fund: 42 stocks, 73% United States, unhedged, for 1% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Active equity portfolio with a Technology tilt. 73.7% of the portfolio is currently in Technology, so sector positioning carried meaningful weight in results.
Top holding: Micron Technology Inc 6.4% (broad) · Top sector: Technology 73.7% (single-sector) · Top region: United States 72.9% (region-tilted)
Technology 73.7%·Industrials 11.1%·Communication Services 9.2%·Financials 2.6%·Consumer Discretionary 1.7%·Other 1.6%
United States 72.9%·Europe 19.5%·Emerging Markets 5.8%·Canada 1.7%
Source: fund provider disclosure.
The management fee was 1% a year, or about $100 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 | $2M· net assets |
| Listed | 2018· 8 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | PINV.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Broad Technology |
| Geography | Global / World |
| Provider | Purpose Investments |
| Mgmt fee | 1.00% |
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Prices as of last close.
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