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Purpose Special Opportunities Fund Series A (FE)

Natural Resources Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade E

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NAVPS
(05-22-2024)
$3.71
Change
-$0.14 (-3.63%)

As at April 30, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Legend

Purpose Special Opportunities Fund Series A (FE)

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Fund Returns

Inception Return (April 12, 1990): 6.93%

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 -2.56% 5.14% -0.35% 1.89% 20.61% 13.37% 12.23% 30.00% 1.88% -4.67% -3.17% -1.54% -3.60% -7.68%
Benchmark 3.47% 15.17% 14.27% 12.46% 5.31% 1.38% 11.84% 12.89% 8.85% 7.00% 5.13% 5.22% 3.72% 2.16%
Category Average 2.94% 11.52% 11.52% 9.00% 8.50% 4.08% 13.60% 22.35% 12.01% 7.41% 6.81% 6.73% 4.73% 2.13%
Category Rank 116 / 116 115 / 116 110 / 116 109 / 116 12 / 115 7 / 114 91 / 110 18 / 108 107 / 108 105 / 106 97 / 98 94 / 95 83 / 84 76 / 77
Quartile Ranking 4 4 4 4 1 1 4 1 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.41% 7.64% 14.98% -0.42% -0.79% 1.43% -1.08% -1.12% -3.09% -0.04% 7.95% -2.56%
Benchmark -9.56% 1.78% 5.23% 0.19% -2.98% -2.12% 2.75% -1.11% -2.35% 0.51% 10.75% 3.47%

Best Monthly Return Since Inception

33.10% (October 2003)

Worst Monthly Return Since Inception

-42.66% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund -20.56% -33.38% 57.97% -0.65% -26.22% -39.19% -2.48% 23.76% 12.48% 15.94%
Benchmark -5.59% -23.78% 36.74% -1.69% -15.86% 20.06% -7.01% 21.57% 12.86% -0.78%
Category Average -12.08% -22.23% 40.92% -2.18% -21.77% 9.95% 5.03% 32.84% 13.19% 2.62%
Quartile Ranking 4 4 1 2 4 4 4 4 4 1
Category Rank 66/ 75 75/ 79 6/ 91 39/ 96 88/ 106 108/ 108 95/ 108 86/ 109 96/ 111 3/ 115

Best Calendar Return (Last 10 years)

57.97% (2016)

Worst Calendar Return (Last 10 years)

-39.19% (2019)

Asset Allocation

Asset Allocation
Name Percent
International Equity 85.86
Cash and Equivalents 13.78
Canadian Equity 0.29
US Equity 0.08
Derivatives 0.00
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Energy 85.86
Exchange Traded Fund 10.27
Cash and Cash Equivalent 3.50
Consumer Services 0.29
Healthcare 0.08

Geographic Allocation

Geographic Allocation
Name Percent
Latin America 85.99
North America 14.01

Top Holdings

Top Holdings
Name Percent
Petro Rio SA 85.86
Purpose Cash Management Fund ETF - Closed 10.27
Purpose USD Cash Management Fund Class A 3.19
Rivalry Corp 0.29
Canadian Dollar 0.17
Brazilian Real 0.14
Zymeworks Inc 0.07
MJardin Group Inc 0.01
United States Dollar 0.00
Craft 1861 Glb Holdgs Exp 28th Feb 2028 - Warrants 0.00

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Purpose Special Opportunities Fund Series A (FE)

Median

Other - Natural Resources Equity

3 Yr Annualized

Standard Deviation 22.95% 36.31% 31.67%
Beta 0.86% 1.29% 1.21%
Alpha 0.03% -0.05% -0.07%
Rsquared 0.45% 0.57% 0.54%
Sharpe 0.50% 0.19% -0.13%
Sortino 0.78% 0.22% -0.23%
Treynor 0.13% 0.05% -0.03%
Tax Efficiency 100.00% 100.00% -
Volatility Volatility rating is 10 on a scale of 1 to 10 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 19.21% 22.95% 36.31% 31.67%
Beta 0.68% 0.86% 1.29% 1.21%
Alpha 0.16% 0.03% -0.05% -0.07%
Rsquared 0.37% 0.45% 0.57% 0.54%
Sharpe 0.82% 0.50% 0.19% -0.13%
Sortino 3.12% 0.78% 0.22% -0.23%
Treynor 0.23% 0.13% 0.05% -0.03%
Tax Efficiency 100.00% 100.00% 100.00% -

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 April 12, 1990
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
PFC5804

Investment Objectives

The investment objective of the fund is to seek capital appreciation through investment in equity securities of companies whose product, service or management team the portfolio manager believes can realize value and growth. The portfolio manager may rely on “top down” fundamental research to identify equity securities of companies in a particular industry or sector, but portfolio diversification will be driven primarily from the fund’s investments, as opposed to targeting sector weights.

Investment Strategy

The portfolio manager will employ alternative investment strategies, including event-related special situations investing (including, for instance, investment in securities of issuers undergoing or undertaking tenders, mergers and acquisitions, liquidations, spin-offs and recapitalizations) and the purchase of undervalued shares in the equity markets. The fund may invest in foreign securities up to a maximum of 40% of the total cost of the fund’s property.

Portfolio Manager(s)

Name Start Date
Normand G. Lamarche 08-20-1999

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 500
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 3.64%
Management Fee 2.50%
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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