TORONTO, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Purpose Investments Inc. today announced changes to the risk ratings of certain funds effective October 25, 2021. The changes will be reflected in the renewal of the simplified prospectus, the fund facts and ETF facts for the funds that will be filed on or about October 25, 2021.
These changes are the result of an annual review by Purpose Investments Inc. to determine the risk level of its publicly-offered mutual funds and exchange-traded funds and are not the result of any changes to the investment objective, strategy or management of the funds.
| Purpose Funds | Class of Units | Current Risk Rating | New Risk Rating |
| Purpose International Dividend Fund | ETF Units | Medium | Low to Medium |
| Class A | Medium | Low to Medium | |
| Class F | Medium | Low to Medium | |
| Class I | Medium | Low to Medium | |
| Class D | Medium | Low to Medium | |
| Purpose Premium Yield Fund | ETF Series | Low to Medium | Low |
| Series A | Low to Medium | Low | |
| Series F | Low to Medium | Low | |
| Series XA | Low to Medium | Low | |
| Series XF | Low to Medium | Low | |
| Series XUA | Low to Medium | Low | |
| Series XUF | Low to Medium | Low | |
| Series P | Low to Medium | Low |
About Purpose Investments Inc.
Purpose Investments is an asset management company with more than $12 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.
For further information please contact:
Keera Hart
Keera.Hart@kaiserpartners.com
905-580-1257
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. 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.
