Question 1

What is PIN?

Accepted Answer

PIN — Purpose Monthly Income Fund Series ETF — is a Canadian-listed ETF trading on the TSX. The fund seeks to (i) maximize total return, consisting of dividend income and capital appreciation by tactically investing in a broad range of asset classes which may include equity, fixed income and inflation sensitive securities and cash; and (ii) provide shareholders with stable monthly distributions.

Question 2

What is the PIN ETF price today?

Accepted Answer

PIN last traded at $19.69 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the PIN MER (management expense ratio)?

Accepted Answer

PIN has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, PIN is considered a low-cost ETF.

Question 4

What are PIN annualised returns?

Accepted Answer

PIN historical returns: YTD: +4.24%, 1-year: +9.66%, 3-year annualised: +11.05%, 5-year annualised: +7.01%, 10-year annualised: +5.59%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.37, which measures risk-adjusted return.

Question 5

Does PIN pay dividends or distributions?

Accepted Answer

Yes, PIN distributes income to unitholders. The current distribution yield is approximately 4.94%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does PIN invest in?

Accepted Answer

PIN's top holdings include iShares iBoxx $ High Yield Corporate Bond ETF (HYG, 21.5%), iShares Treasury ETF (IGB, 14.3%), Purpose International Dividend Fund Series ETF (PID, 7.2%), Purpose Cash Management Fund ETF Units (MNY, 7.2%), BMO Mid Federal Bond (ZFM, 2.6%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can Neu Gbl Tgt Alloc NR CAD.

Question 7

What sectors does PIN invest in?

Accepted Answer

PIN's largest sector exposures are Financial Services (28.6%), Energy (14.7%), Basic Materials (14.4%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is PIN? (Assets under management)

Accepted Answer

PIN has approximately $8M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was PIN launched?

Accepted Answer

PIN was launched on September 6, 2013, giving it a 13-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy PIN in Canada?

Accepted Answer

PIN trades on the TSX under the ticker PIN. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is PIN?

Accepted Answer

PIN has a 1-year volatility of 6.63% and a beta of 0.73 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.37 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-06	$19.69	$19.69	$19.69	$19.69	$19.69	0
2026-10-05	$19.65	$19.65	$19.65	$19.65	$19.65	0
2026-10-02	$19.58	$19.58	$19.58	$19.58	$19.58	0
2026-10-01	$19.53	$19.53	$19.48	$19.48	$19.48	3,500
2026-09-30	$19.66	$19.66	$19.66	$19.66	$19.66	0
2026-09-29	$19.74	$19.74	$19.74	$19.74	$19.74	0
2026-09-28	$19.90	$19.90	$19.90	$19.90	$19.90	0
2026-09-25	$19.87	$19.87	$19.85	$19.85	$19.77	200
2026-09-24	$19.94	$19.94	$19.94	$19.94	$19.94	0
2026-09-23	$20.09	$20.09	$20.09	$20.09	$20.09	0

#	Ticker	Name	Weight
1	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	21.45%
2	IGB	iShares Treasury ETF	14.26%
3	PID	Purpose International Dividend Fund Series ETF	7.25%
4	MNY	Purpose Cash Management Fund ETF Units	7.16%
5	ZFM	BMO Mid Federal Bond	2.60%
6	REM	Purpose Emerging Markets Dividend Fund ETF	1.94%
7	PYF	Purpose Premium Yield Fund Series ETF	1.93%
8	ZCM	BMO Mid Corporate Bond Index ETF	1.76%
9	KILO-B	Purpose Gold Bullion Fund	1.76%
10	TD	Toronto Dominion Bank	1.56%

Sector	Weight
Financial Services	28.61%
Energy	14.69%
Basic Materials	14.39%
Utilities	7.29%
Healthcare	6.07%
Consumer Defensive	5.83%
Industrials	5.22%
Real Estate	5.18%
Consumer Cyclicals	5.16%
Technology	4.63%
Communication Services	2.93%

Ticker	Name	Price	1D
CCOU		$17.59	+11.61%
CCHI	Ninepoint Cameco HighShares ETF	$10.09	+6.21%
CCOE	Harvest Cameco Enhanced High Income Shares ETF	$12.21	+6.08%
AMDU		$29.55	+5.54%
ABXU		$26.45	+5.09%
SHPU		$13.21	+4.76%
PLTU		$37.16	+4.09%
HURA	Global X Uranium Index ETF	$48.51	+3.88%

CIBC Investor's Edge

Purpose Monthly Income Fund Series ETF (PIN : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Purpose Monthly Income Fund Series ETF

ETF Details

7 stocks to buy and hold forever

Compare PIN

Explore More

Compare PIN vs Similar ETFs

Frequently Asked Questions — PIN