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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
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
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CROP last dividends amounted to 0.09 CAD. The month before, the issuer paid 0.09 CAD in dividends,
CROP assets under management is 234.87 M CAD. It's risen 3.31% over the last month.
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.
Yes, CROP pays dividends to its holders with the dividend yield of 5.69%. The last dividend (May 2, 2025) amounted to 0.09 CAD. The dividends are paid monthly.
CROP shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Aug 26, 2021, and its management style is Active.
CROP expense ratio is 1.06% meaning you'd have to pay 1.06% of your investment to help manage the fund.
CROP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CROP invests in bonds.
CROP price has risen by 1.71% 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 trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.