Key stats
About PURPOSE MULTI-STRA MKT NEUTRAL FD ETF UNIT
Home page
Inception date
Oct 10, 2014
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
Purpose Investments, Inc.
The fund seeks to provide positive absolute returns uncorrelated to the broader securities markets. In achieving this, the fund implements multiple long/short strategies on a variety of asset classes including equities, fixed income, currencies and commodities. The fund considers multiple technical and fundamental factors in selecting its portfolio of global securities, such as valuation, growth, quantitative, rules-based scoring methodologies, interest rate differentials, price movement, and term structure risk premiums. PMM is diversified at both the asset class and individual security levels in order to manage risk. It also uses technical momentum factors to provide downside risk management. The investment advisor determines if the portfolio needs to be reconstituted or rebalanced. Also, part of the foreign currency exposure might be hedged back to CAD in the investment advisor’s discretion.
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
ETF
Futures
Bonds, Cash & Other100.00%
ETF68.63%
Futures29.04%
Miscellaneous1.33%
Cash1.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PMM assets under management is 37.71 M CAD. It's risen 4.26% over the last month.
PMM fund flows account for 5.37 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.
PMM shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Oct 10, 2014, and its management style is Active.
PMM expense ratio is 1.15% meaning you'd have to pay 1.15% of your investment to help manage the fund.
PMM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PMM invests in funds.
PMM price has risen by 3.26% over the last month, and its yearly performance shows a 6.02% increase. See more dynamics on PMM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.78% over the last month, showed a −2.80% decrease in three-month performance and has increased by 5.62% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.78% over the last month, showed a −2.80% decrease in three-month performance and has increased by 5.62% in a year.
PMM trades at a premium (0.19%) meaning the ETF is trading at a higher price than the calculated NAV.