CRED vs. PBD ETF Comparison
Comparison of CI Lawrence Park Alternative Investment Grade Credit ETF (CRED) to Purpose Total Return Bond Fund (PBD)
CRED
CI Lawrence Park Alternative Investment Grade Credit ETF
CRED Description
CRED seeks to generate consistent positive total returns with an emphasis on capital preservation and low correlation to traditional equity and fixed income markets. CRED will be primarily invested in the investment grade debt of corporations and financial institutions in the developed world. CRED will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. CRED’s leverage must not exceed 300% of its NAV. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom. Any change to the investment objective must be approved by a majority of votes cast at a meeting of Unitholders held for that reason.
Grade (RS Rating)
Last Trade
$20.11
Average Daily Volume
5,982
1
PBD
Purpose Total Return Bond Fund
PBD Description
The Purpose Total Return Bond Fund seeks to achieve a positive total return in diverse market environments over time by tactically allocating its assets among a broad range of fixed income securities, including government debt, investment grade corporate debt and high yield debt.Grade (RS Rating)
Last Trade
$16.78
Average Daily Volume
2,089
4
Performance
| Period | CRED | PBD |
|---|---|---|
| 30 Days | 0.37% | 0.18% |
| 60 Days | 1.21% | 1.33% |
| 90 Days | 2.50% | 1.76% |
| 12 Months | 7.57% | 8.51% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CRED | Weight in PBD | Overlap |
|---|
CRED Overweight 1 Positions Relative to PBD
| Symbol | Grade | Weight | |
|---|---|---|---|
| XCB | A | 7.55% |
CRED: Top Represented Industries & Keywords
PBD: Top Represented Industries & Keywords
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