PURPOSE MARIJUANA OPPORTUNITIES FUNDPURPOSE MARIJUANA OPPORTUNITIES FUNDPURPOSE MARIJUANA OPPORTUNITIES FUND

PURPOSE MARIJUANA OPPORTUNITIES FUND

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Key stats

Assets under management (AUM)
‪1.89 M‬CAD
Fund flows (1Y)
‪−2.04 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
3.7%

About PURPOSE MARIJUANA OPPORTUNITIES FUND

Issuer
Purpose Unlimited
Brand
Purpose
Expense ratio
2.13%
Inception date
Feb 1, 2018
Index tracked
No Underlying Index
Management style
Active
The fund is the first Canadian-listed actively managed ETF to provide exposure to the global cannabis industry. The fund invests in companies engaged in legal activities involving the cultivation, extraction, retail, and financing of cannabis. The selection process focuses on countries with positive regulatory environments and companies with positive growth and valuation metrics. The portfolio managers use a variety of tools and ratings sources to select individual securities. Most holdings are expected to be mid- and small-cap companies, but may include IPOs or private companies also. Stocks selected are from areas such as REITs, health care, hemp products, biopharmaceuticals, consumption devices and security solutions. The fund may use total return swap contracts and enter into short positions should the fund managers perceive such positions are favorable. In addition to investment risks, investors need to be aware of the ongoing regulatory risks in the industry.

Classification

Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Cannabis
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of April 30, 2024
Exposure type
StocksBonds, Cash & Other
Process Industries
Health Technology
Stocks90.64%
Process Industries79.64%
Health Technology10.42%
Finance0.45%
Producer Manufacturing0.07%
Distribution Services0.05%
Non-Energy Minerals0.00%
Bonds, Cash & Other9.36%
Cash4.48%
Miscellaneous3.38%
Rights & Warrants1.38%
Mutual fund0.12%
Stock breakdown by region
99%0%
North America100.00%
Europe0.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows