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Purpose Best Ideas Fund

The purpose of this fund

A high-conviction equity fund built with the top picks of the world’s best money managers.

  • Universe built with the investments of the top 20 global money managers, including Warren Buffett (Berkshire Hathaway Inc.), Carl Icahn (Icahn Capital LP) and Bill Ackman (Pershing Square Capital Management)
  • Proprietary methodology selects the highest-consensus investments
  • Equal-weighted portfolio of the top 25 ideas
  • Tax-efficient returns from its corporate class structure
  • Winner of the FundGrade A+ Award* in 2021
  • First Place Winner for Five-Year Returns in North American Equities at the Refinitiv Lipper Fund Awards** in 2021
Neuberger Berman - Logo

Managed by -

Neuberger Berman Canada

ESG Risk RatingWhat is ESG?

No ESG score is shown for this fund because either (1) the fund's mandate does not incorporate single security selection, rendering ESG analysis something that cannot be assured on a portfolio management basis, or (2) Purpose does not currently have access to ESG scoring data for >50% of the fund's positions. ESG scores are not shown for these funds as they might be misleading or misrepresent a fund's ESG integration or lack thereof.

*These annual awards recognize the best of the best among Canadian investment funds that have maintained a high FundGrade rating throughout a calendar year. FundGrade ranks and grades Canadian investment funds monthly against their peers using risk-adjusted performance metrics measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. It’s a completely quantitative measure. To make the grades relevant, funds are only measured against similar investment products with comparable investment mandates. Find out more at www.fundgradeawards.com.

**The Refinitiv Lipper Awards have honoured funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focus the investment world on top funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at www.lipperfundawards.com.