BNC.TO
Purpose Canadian Financial Income Fund
Canadian
EQUITY
Active
MANAGEMENT STYLE
$ 13.3 M
ASSETS UNDER MGMT
67 bp
EXPENSES
Fund Basics
| Inception date | Oct 26, 2016 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 11.5 % |
| CAN IMPERIAL BK OF COMMERCE | 11.5 % |
| TORONTO-DOMINION BANK | 11.5 % |
| BANK OF NOVA SCOTIA | 11.4 % |
| NATIONAL BANK OF CANADA | 11.3 % |
| BANK OF MONTREAL | 11.3 % |
| GREAT-WEST LIFECO INC | 7.9 % |
| SUN LIFE FINANCIAL INC | 7.3 % |
| INDUSTRIAL ALLIANCE INSURANC | 7.1 % |
| MANULIFE FINANCIAL CORP | 7.0 % |
Constituent Breakdown
| Number of holdings | 20 |
| Herfindahl-Hirschman Index | 995 |
| Wgt avg mkt cap (mns) | $94,685 |
| Large cap (>$10bn) | 97.7% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 97.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.4% | 36.6% | 25.0% | 17.9% | 8.2% | -- | -- | 6.4% |
| Dividend Yield | 1.6% | 5.8% | 8.9% | 8.1% | 6.5% | -- | -- | 5.8% |
| Total Returns | 14.0% | 42.3% | 33.8% | 25.9% | 14.7% | -- | -- | 12.2% | Ann. Volatility | 12.9% | 9.8% | 11.7% | 11.6% | 13.2% | -- | -- | 15.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.45 | 29% |
| MSCI EAFE | 0.37 | 32% |
| MSCI Emg Mkts | 0.22 | 20% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $37.93 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 0.66/0.68 |
| Bollinger Bands (Upper/Lower) | $39.65/$37.11 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BNC.TO |
Expenses vs. BNC.TO |
ALTAR Score™ vs. BNC.TO |
|---|---|---|---|---|
| CEW.TO | iShares Equal Weight Banc & Lifeco ETF | 89.0% | -12 bp | +0.3% |
| HFN.TO | HAMILTON CHAMPIONS TM Canadian Financials Index ETF | 75.7% | -67 bp | -6.2% |
| HMAX.TO | Hamilton Canadian Financials YIELD MAXIMIZER TM ETF | 68.7% | -2 bp | +0.3% |
| ZEB.TO | BMO Equal Weight Banks Index ETF | 68.4% | -42 bp | +0.1% |
| SIXY.TO | Evolve Big Six Canadian Banks UltraYield Index ETF | 68.4% | -7 bp | -0.2% |
| HBNK.TO | Global X Equal Weight Canadian Banks Index ETF | 68.4% | -42 bp | +0.1% |
| HEB.TO | HAMILTON CHAMPIONS TM Canadian Bank Equal-Weight Index ETF | 68.4% | -42 bp | +0.0% |
| XFN.TO | iShares S&P/TSX Capped Financials Index ETF | 66.0% | -6 bp | +0.4% |
| RBNK.TO | RBC Canadian Bank Yield Index ETF | 62.9% | -38 bp | +0.1% |
| TBNK.TO | TD Canadian Bank Dividend Index ETF | 59.8% | -42 bp | 0.0% |
Risk and Returns: BNC.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/4/2026
Peer Group Comparison
Sample data. Subscribe for access.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
6.2%
ALTAR SCORE™
59th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. BNC.TO's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places BNC.TO in the 59th percentile
among funds in the category.
Sell-Side Consensus
$39.08
PRICE TARGET
-0.4%
UPSIDE