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Purpose Enhanced US Equity Fund Series ETF (PEU.TO)

27.30 0.00 (0.00%)
At close: August 2 at 1:34 PM EDT

ETF Summary

The Purpose Enhanced US Equity Fund seeks to provide shareholders with long-term capital appreciation and as uperior risk adjusted return relative to the broad U.S. equity markets. The Fund aims to provide returns in excess of the broad U.S. equity markets by investing in a portfolio of U.S. listed equities while maintaining a similar level of volatility as the broad U.S. equity markets. The Fund will employ leverage to increase its long portfolio exposure and to hedge the increased market risk associated with the leveraged portion of the portfolio. The Fund will implement its hedging strategy through the use of derivative instruments including by selling market index futures contracts.

ETF Overview

Category --
Fund Family Purpose Investments Inc.
Net Assets 2.14M
YTD Daily Total Return 15.40%
Yield 0.00%
Legal Type Exchange Traded Fund

ETF Operations

Attributes PEU.TO Category Average
Annual Report Expense Ratio (net) 1.43% --
Holdings Turnover 160.46% --
Total Net Assets 116,424.72 116,424.72

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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