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Purpose Investments
A multi-asset fund: 1 holding, unhedged, for 0.73% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Multi-asset allocation. Results are shaped mainly by the fund's stock-bond mix and how that allocation is maintained over time.
| Canada weight | 11.3% of equity | holdings↓ |
| Fee | 0.73% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Covered call / options | holdings↓ |
| Duration | 5.4 years | risk↓ |
How this fund works
Holds the underlying investments and writes covered calls on part of the position. The option premiums add to distributions and cap part of the upside.
Top sector: Financials 9.3% (broad) · Top region: United States 86.1% (single-country)
Source: fund provider disclosure.
The management fee was 0.73% a year, or about $73 for every $10,000 held. The options overlay is run inside the fund, so there is no separate fee, though it changes the return and distribution profile. 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.
Mostly eligible Canadian dividends
The full distribution tax character across 9 years, plus what you keep after tax in a TFSA, RRSP, or non-registered account, is on the Real Yield report card.
See the full tax breakdown →For information only, not tax advice. Tax treatment depends on your account type and personal circumstances; consult a qualified tax professional.
How durable the fund is, and what moved its price.
| Assets | $1M· net assets |
| Listed | 2016· 9 years of history |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | PRP.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Multi-Asset |
| Structure | Covered call / options |
| Theme | Conservative Allocation |
| Geography | Global / World |
| Provider | Purpose Investments |
| Mgmt fee | 0.73% |
Compare PRP.TO→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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