Frequently Asked Questions
PAEF is a single-ticket, global equity-focused portfolio, actively allocated across geographies by the team behind the Purpose Active Suite. It invests primarily in global equities and has the flexibility to invest in other asset classes, including liquid alternatives. It is managed by Purpose Investments and offered as ETF units on the TSX, along with Class A and Class F.
Yes. PAEF is an actively managed global equity-focused ETF. Rather than simply tracking an index, the portfolio management team actively adjusts the Fund's geographic and other exposures using macroeconomic, momentum and fundamental factors, with the objective of identifying market opportunities and managing risk.
Both funds are run by the same team using the same macro framework. Purpose Active Growth Fund (PAGF) combines a significant equity allocation with fixed income and diversifiers. PAEF is designed to provide greater exposure to global equities and does not have the strategic fixed-income allocation of PAGF. PAEF invests primarily in global equities, while retaining flexibility to invest in other asset classes. As a result, investors should expect greater exposure to equity-market risk and the associated volatility.
A traditional index-based global equity ETF seeks to track an underlying index. PAEF takes an active approach: the portfolio management team actively adjusts its geographic and other exposures based on its assessment of market opportunities and risks. The Fund can also invest in other asset classes where the team considers it appropriate. This means PAEF's results will reflect the team's active allocation and investment decisions rather than the performance of a particular index, and its management fee reflects that active approach.
PAEF's investment objective is to seek long-term capital growth primarily by investing in a diversified portfolio of global equities, but its mandate also allows the portfolio team to invest in other asset classes when appropriate. This flexibility can be used to seek additional sources of diversification, take advantage of market opportunities and/or manage portfolio risk.
PAEF may be suitable for investors seeking long-term capital growth through significant exposure to global equities and who are comfortable with the risks and volatility associated with equity investing. It may also be considered by investors or advisors looking for an actively allocated equity component within a broader portfolio.
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. The indicated rate of return is the historical annual compounded total return including changes in share/unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.
This information is provided for illustrative and discussion purposes only. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. Historical trends do not imply, forecast or guarantee future results. Information is as of the date indicated and subject to change without notice. Nothing herein constitutes a prediction or projection of future events or future market behavior.
If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.