Purpose Canadian Financial Income Fund Series ETF (BNC.TO) ETF Analysis

Fund Overview

Purpose Canadian Financial Income Fund Series ETF (BNC.TO) is an exchange-traded fund. Purpose Investments Inc. is the fund family on file. The inception date on file is October 25, 2016. Total net assets stand at CA$14.22M.

Its biggest positions are Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO), and National Bank of Canada (NA). Bank of Montreal alone accounts for 11.51% of the portfolio. The ten largest positions together make up 99.11% of the fund.

Performance Analysis

The most recent close on file for BNC.TO is CA$43.32, dated September 4, 2026. The trailing one-year price return is +47.64%. Across 5 years the annualized return works out at +17.09%. The fund distributes at a trailing yield of 3.38%.

Across the complete calendar years on file, 2025 returned +30.80% and 2022 returned −7.99%. Of the 7 complete calendar years on file, 6 finished higher. 2026 is still running; the price is +28.21% year to date.

Price & Risk Profile

Annualized volatility over the trailing 8 years is 16.23%. The reported beta is 0.93. Over the past 52 weeks the price has ranged from CA$30.57 to CA$44.20. The latest close sits 41.71% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.