Purpose Investments Announces the Launch of an Innovative New Short-Duration Investment-Grade Bond Fund

Purpose Investments Inc. (“Purpose”) is pleased to announce the launch of a new strategy that maximizes the yield opportunity of a short-duration investment-grade bond portfolio, the Purpose Short Duration Tactical Bond Fund (TSX:SBND) (the “Fund”). Purpose has completed the initial public offering of ETF units and the Fund will commence trading on the Toronto Stock Exchange today under the ticker symbol “SBND”.

“The biggest challenge facing investors and advisors today is how to maximize yield from fixed income while limiting their interest rate risk,” said Som Seif, President and Chief Executive Officer of Purpose Investments. “Passively holding bonds over the past 30 years has been extremely rewarding. However, today the reward relative to the risk of a ‘buy and hold’ bond portfolio is no longer as attractive. With the Purpose Short Duration Tactical Bond Fund, we focus on enhancing the yield opportunities in bonds while reducing the amount of interest rate risk to no more than 2.5 years of duration by using hedging strategies. The result should be a better reward per unit of risk in a bond portfolio.”

Purpose Short Duration Tactical Bond Fund

The Purpose Short Duration Tactical Bond Fund is designed to provide regular income in diverse market environments and protect capital from changes in interest rates over time by allocating its assets primarily among a broad range of investment-grade fixed-income securities and maintaining overall portfolio duration of no more than 2.5 years.

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