Key stats
About PURPOSE CR OPPORTUNITIES FD ETF UNIT
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Inception date
Aug 26, 2021
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
The fund aims to provide equity-like returns, mainly from perceived credit opportunities. The portfolio is actively managed using potentially a variety of alternative strategies based on global economic and market trends. The funds long positions will primarily be comprised of corporate debt, bonds or bank loans, and equities of non-investment grade issuers. The fund may go short positions in equity or debt securities the manager believes may be overvalued. The portfolio can also be positioned to invest in special situations, including event-driven such as mergers, takeovers, bankruptcies or leveraged buyouts. The fund may pursue pairs trading and a variety of arbitrage strategies. The fund may be best suited for investors with a medium risk tolerance and medium to long-term investment horizon.
Classification
What's in the fund
Exposure type
Corporate
Government
Stocks5.85%
Finance2.88%
Utilities1.48%
Process Industries0.56%
Energy Minerals0.40%
Producer Manufacturing0.29%
Transportation0.19%
Commercial Services0.05%
Bonds, Cash & Other94.15%
Corporate58.37%
Government21.63%
ETF4.93%
Cash4.33%
Miscellaneous3.92%
Securitized0.96%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
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.
CROP trades at 18.47 CAD today, its price has fallen −0.16% in the past 24 hours. Track more dynamics on CROP price chart.
CROP net asset value is 18.43 today — it's risen 1.96% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CROP assets under management is 235.15 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.
CROP price has risen by 1.43% over the last month, and its yearly performance shows a 2.50% increase. See more dynamics on CROP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.96% over the last month, showed a −1.08% decrease in three-month performance and has increased by 8.03% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.96% over the last month, showed a −1.08% decrease in three-month performance and has increased by 8.03% in a year.
CROP fund flows account for 105.55 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
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.
CROP invests in bonds. See more details in our Analysis section.
CROP expense ratio is 1.06%. 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, CROP isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CROP technical analysis shows the neutral rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CROP shows the buy signal. See more of CROP technicals for a more comprehensive analysis.
Today, CROP technical analysis shows the neutral rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CROP shows the buy signal. See more of CROP technicals for a more comprehensive analysis.
Yes, CROP pays dividends to its holders with the dividend yield of 5.68%.
CROP trades at a premium (0.14%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CROP shares are issued by Purpose Unlimited
CROP 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 Aug 26, 2021.
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.