Purpose Multi-Strategy Market Neutral Fund (TSX:PMM)
Canada · Delayed Price · Currency is CAD | Assets | 46.15M |
| Expense Ratio | 1.15% |
| PE Ratio | 27.03 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| 1-Year Return | +14.44% |
| Volume | 1,800 |
| Open | 27.22 |
| Previous Close | 27.12 |
| Day's Range | 27.22 - 27.26 |
| 52-Week Low | 22.56 |
| 52-Week High | 27.61 |
| Beta | 0.25 |
| Holdings | 115 |
| Inception Date | Oct 10, 2014 |
About PMM
Purpose Multi-Strategy Market Neutral Fund is an exchange traded fund launched and managed by Purpose Investments Inc. The fund is co-managed by Neuberger Berman Canada ULC. It invests in public equity, fixed income, commodity and currency markets of global region. The fund employs long/short strategy to create its portfolio. For its equity portion, it invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests in global debt securities. For its commodity portion, it invests through other funds and through derivatives in energy commodities, precious and base metals, and agricultural commodities including grains and oilseeds, softs, and livestock. The fund uses derivatives such as futures and options to create its portfolio. For its currency portion, the fund invests in developed and emerging markets currencies. It employs fundamental and quantitative analysis to create its portfolio. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs proprietary research to create its portfolio. Purpose Multi-Strategy Market Neutral Fund was formed on October 14, 2014 and is domiciled in Canada.
Performance
PMM had a total return of 14.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.11%.
Top 10 Holdings
124.81% of assets| Name | Symbol | Weight |
|---|---|---|
| Purpose Tactical Hedged Equity Fund | PHE.B | 36.21% |
| Currency Contract - Usd | n/a | 23.50% |
| Purpose Cash Management Fund | MNY | 12.25% |
| iShares JP Morgan USD Emerging Markets Bond ETF | EMB | 9.86% |
| iShares iBoxx $ High Yield Corporate Bond ETF | HYG | 9.83% |
| Purpose USD Cash Management Fund | MNU.U | 7.76% |
| Euro OAT Future June 26 | OATM6 | 7.06% |
| Long-Term Euro BTP Future June 26 | IKM6 | 6.98% |
| Euro Bund Future June 26 | RXM6 | 5.91% |
| Currency Contract - Brl | n/a | 5.45% |