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Purpose Marijuana Opportunities Fund Series A

Sector Equity

Fundata ESG GradeE Click for more information on Fundata’s ESG Grade

Fundata ESG Grade E

Click for more information on Fundata’s ESG Grade.

NAVPS
(11-01-2024)
$5.77
Change
$0.20 (3.54%)

As at September 30, 2024

As at September 30, 2024

As at July 31, 2024

Period
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Legend

Purpose Marijuana Opportunities Fund Series A

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Fund Returns

Inception Return (January 31, 2018): -16.20%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 10.15% -1.68% -30.85% -7.88% -22.53% -20.39% -39.44% -22.89% -20.84% -22.96% - - - -
Benchmark 3.15% 10.54% 9.96% 17.24% 26.74% 17.83% 9.52% 13.87% 10.95% 10.29% 9.65% 9.59% 10.09% 8.09%
Category Average 1.27% 3.30% 6.23% 17.34% 29.11% 23.70% 5.28% 9.71% 12.50% 10.50% 11.86% 11.82% 11.68% 11.94%
Category Rank 4 / 199 187 / 195 190 / 190 179 / 189 184 / 185 155 / 156 147 / 147 132 / 132 126 / 127 115 / 116 - - - -
Quartile Ranking 1 4 4 4 4 4 4 4 4 4 - - - -

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -23.93% 14.46% -3.43% 35.96% -10.52% 9.51% 13.27% -31.28% -9.65% 3.64% -13.87% 10.15%
Benchmark -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42% 5.87% 1.22% 3.15%

Best Monthly Return Since Inception

38.98% (January 2019)

Worst Monthly Return Since Inception

-36.73% (December 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - -15.47% 59.91% -22.50% -68.69% -6.77%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 17.30% 16.21% -0.43% 20.39% 1.55% 22.37% 29.99% 15.34% -25.24% 26.53%
Quartile Ranking - - - - - 4 1 4 4 4
Category Rank - - - - - 116/ 117 25/ 127 132/ 132 149/ 149 149/ 161

Best Calendar Return (Last 10 years)

59.91% (2020)

Worst Calendar Return (Last 10 years)

-68.69% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 77.41
Canadian Equity 21.15
Derivatives 0.91
Cash and Equivalents 0.51
International Equity 0.00
Other 0.02

Sector Allocation

Sector Allocation
Name Percent
Healthcare 65.94
Consumer Services 14.55
Consumer Goods 7.41
Exchange Traded Fund 0.47
Cash and Cash Equivalent 0.04
Other 11.59

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.99
Europe 0.00
Other 0.01

Top Holdings

Top Holdings
Name Percent
Trulieve Cannabis Corp 17.36
Green Thumb Industries Inc 15.92
Verano Holdings Corp Cl A 14.55
Curaleaf Holdings Inc 6.90
Ayr Wellness Inc 5.18
Cresco Labs Inc 4.97
Cansortium Inc 4.44
Cannabist Company Holdings Inc 4.03
Planet 13 Holdings Inc 3.41
Ascend Wellness Holdings Inc Cl A 3.32

Equity Style

Market capitalization is small. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Marijuana Opportunities Fund Series A

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 53.01% 51.53% -
Beta 1.38% 1.44% -
Alpha -0.48% -0.27% -
Rsquared 0.13% 0.19% -
Sharpe -0.72% -0.23% -
Sortino -0.86% -0.34% -
Treynor -0.27% -0.08% -
Tax Efficiency - - -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 -

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 64.74% 53.01% 51.53% -
Beta 1.46% 1.38% 1.44% -
Alpha -0.41% -0.48% -0.27% -
Rsquared 0.06% 0.13% 0.19% -
Sharpe -0.16% -0.72% -0.23% -
Sortino -0.19% -0.86% -0.34% -
Treynor -0.07% -0.27% -0.08% -
Tax Efficiency - - - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date January 31, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC4200

Investment Objectives

The fund seeks to provide unitholders with attractive long-term capital appreciation by investing in global issuers with interest in the marijuana or marijuana related industries. While the fund will primarily invest in equity securities, it may also acquire other types of securities of publicly listed companies, including, but not limited to, ADRs, preferred shares, convertible securities, debt securities, subscription receipts, options and warrants.

Investment Strategy

The fund will primarily invest in equity securities from domestic and global issuers that are involved in marijuana and marijuana related businesses, including research and development and other ancillary businesses to the marijuana industry.

Portfolio Manager(s)

Name Start Date
Purpose Investments Inc. 01-31-2018

Management and Organization

Fund Manager Purpose Investments Inc.
Advisor Purpose Investments Inc.
Custodian CIBC Mellon Trust Company
Registrar CIBC Mellon Global Securities Services Company
Distributor -
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 15,000
SWP Min Withdrawal 100

Fees

MER 2.23%
Management Fee 1.75%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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