ducovest

PMM:CA:TSX-Purpose Multi-Strategy Market Neutral Fund

ETF | Alternative Strategies | Toronto Stock Exchange

Last Closing

CAD 22.35

Change

0.00 (0.00)%

Market Cap

CAD 0.02B

Volume

468.00

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

The Purpose Multi-Strategy Market Neutral Fund seeks to provide unitholders with positive absolute returns that are not correlated to the broader securities markets. The Fund will utilize a multi-strategy approach by allocating its assets across various asset classes including equities, currencies and commodities.

Company Website : www.purposeinvest.com

Currency: CAD

Country : Canada

Inception Date: 14/10/2014

Primary Benchmark: ---

Primary Index: CIBC WM 91 Day Treasury Bill CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 1.05 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-01-20 )

Largest Industry Peers for Alternative Strategies

ETFs Containing PMM:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Alternative Strategies) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 2.29% 70% C- 44% F
Dividend Return N/A N/A N/A N/A F
Total Return 2.29% 70% C- 43% F
Trailing 12 Months  
Capital Gain -3.99% 70% C- 68% D+
Dividend Return 0.86% 50% F 6% D-
Total Return -3.14% 70% C- 60% D-
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A F
Dividend Return N/A N/A N/A N/A F
Total Return N/A N/A N/A N/A F
Average Annual (5 Year Horizon)  
Capital Gain 2.76% 40% F 61% D-
Dividend Return 3.40% 40% F 46% F
Total Return 0.65% 75% C 12% F
Risk Return Profile  
Volatility (Standard Deviation) 4.27% 90% A- 83% B
Risk Adjusted Return 79.65% 80% B- 80% B-
Market Capitalization 0.02B 80% B- 29% F

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:
Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.