FMP
Purpose Multi-Strategy Market Neutral Fund
PMM.TO
TSX
The fund seeks to provide positive absolute returns uncorrelated to the broader securities markets. In achieving this, the fund implements multiple long/short strategies on a variety of asset classes including equities, fixed income, currencies and commodities. The fund considers multiple technical and fundamental factors in selecting its portfolio of global securities, such as valuation, growth, quantitative, rules-based scoring methodologies, interest rate differentials, price movement, and term structure risk premiums. PMM is diversified at both the asset class and individual security levels in order to manage risk. It also uses technical momentum factors to provide downside risk management. The investment advisor determines if the portfolio needs to be reconstituted or rebalanced. Also, part of the foreign currency exposure might be hedged back to CAD in the investment advisors discretion.
22 CAD
0.1 (0.455%)
DuPont Analysis
The DuPont analysis, pioneered by the DuPont Corporation, offers a structured approach to assessing fundamental performance. It involves breaking down the return on equity (ROE) into various components, aiding investors in comprehending the factors influencing a company's returns.
ROE = Net Income / Average Total Equity
ROE = (Net Income / Sales) * (Revenue / Average Total Assets) * (Average Total Assets / Average Total Equity)
The company's tax burden is (Net income ÷ Pretax profit). This is the proportion of the company's profits retained after paying income taxes. [NI/EBT] The company's interest burden is (Pretax income ÷ EBIT). This will be 1.00 for a firm with no debt or financial leverage. [EBT/EBIT] The company's operating income margin or return on sales (ROS) is (EBIT ÷ Revenue). This is the operating income per dollar of sales. [EBIT/Revenue] The company's asset turnover (ATO) is (Revenue ÷ Average Total Assets). The company's equity multiplier is (Average Total Assets ÷ Average Total Equity). This is a measure of financial leverage. Profitability (measured by profit margin) Asset efficiency (measured by asset turnover) Financial leverage (measured by equity multiplier)
