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PICTON Income Fund Class A

High Yield Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

Click for more information on Fundata’s FundGrade

NAVPS
(07-23-2025)
$10.10
Change
$0.00 (-0.03%)

As at June 30, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$10,000$12,000$14,000$16,000$8,000$9,500$10,500$11,000$11,500Period

Legend

PICTON Income Fund Class A

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Fund Returns

Inception Return (November 02, 2015): 4.47%

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 0.71% 1.80% 2.92% 2.92% 6.88% 6.71% 5.41% 2.32% 3.58% 3.45% 3.05% 2.92% 4.31% -
Benchmark 1.47% -0.66% 1.39% 1.39% 11.51% 12.96% 12.81% 5.35% 5.30% 5.02% 5.27% 5.04% 5.83% 5.88%
Category Average 1.42% 2.40% 3.00% 3.00% 7.58% 7.77% 6.81% 2.02% 3.86% 3.08% 3.29% 3.05% 3.59% 3.21%
Category Rank 240 / 245 159 / 245 90 / 242 90 / 242 182 / 242 222 / 235 226 / 232 136 / 229 177 / 219 123 / 213 150 / 196 130 / 184 76 / 168 -
Quartile Ranking 4 3 2 2 4 4 4 3 4 3 4 3 2 -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.04% 0.79% 0.89% 0.25% 0.55% 0.27% 0.48% 0.69% -0.07% 0.04% 1.04% 0.71%
Benchmark 2.95% -0.48% 2.00% 2.26% 0.82% 2.08% 1.94% 0.36% -0.24% -3.14% 1.07% 1.47%

Best Monthly Return Since Inception

3.01% (March 2016)

Worst Monthly Return Since Inception

-4.94% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - 16.28% 8.12% -2.72% 5.37% 6.71% 2.18% -6.03% 5.88% 7.35%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking - 1 1 3 4 1 4 1 4 3
Category Rank - 24/ 167 15/ 175 98/ 186 205/ 211 52/ 218 194/ 222 26/ 229 227/ 235 142/ 241

Best Calendar Return (Last 10 years)

16.28% (2016)

Worst Calendar Return (Last 10 years)

-6.03% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 57.33
Foreign Corporate Bonds 26.99
Cash and Equivalents 10.27
Canadian Equity 2.96
Mortgages 1.38
Other 1.07

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 84.70
Cash and Cash Equivalent 10.27
Energy 1.64
Telecommunications 1.43
Basic Materials 0.62
Other 1.34

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.41
Europe 1.52
Latin America 0.19
Other 0.88

Top Holdings

Top Holdings
Name Percent
CAD Currency 5.03
USD Currency 3.77
Prime Healthcare Services Inc 9.38% 01-Sep-2029 2.14
Chemtrade Logistics Inc 6.38% 28-Aug-2029 2.04
ATS Corp 6.50% 21-Aug-2032 1.81
Sleep Country Canada Hldgs Inc 6.63% 28-Nov-2032 1.75
Parkland Corp 4.38% 26-Mar-2029 1.72
Nationstar Mortgage Holdgs Inc 7.13% 01-Feb-2032 1.33
Toronto-Dominion Bank/The 7.23% 31-Dec-2049 1.29
MANITOULIN USD 13.29% 10-Nov-2027 1.27

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return1234567891011122%4%6%8%10%12%14%16%

PICTON Income Fund Class A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 2.93% 3.10% -
Beta 0.27% 0.28% -
Alpha 0.02% 0.02% -
Rsquared 0.21% 0.32% -
Sharpe 0.45% 0.35% -
Sortino 1.35% 0.27% -
Treynor 0.05% 0.04% -
Tax Efficiency 64.65% 52.24% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.28% 2.93% 3.10% -
Beta 0.10% 0.27% 0.28% -
Alpha 0.06% 0.02% 0.02% -
Rsquared 0.21% 0.21% 0.32% -
Sharpe 2.59% 0.45% 0.35% -
Sortino 9.69% 1.35% 0.27% -
Treynor 0.32% 0.05% 0.04% -
Tax Efficiency 69.95% 64.65% 52.24% -

Fund Details

Start Date November 02, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $936

Fund Codes

FundServ Code Load Code Sales Status
PIC8500

Investment Objectives

The investment objective of the Picton Mahoney Fortified Income Fund (the “Fund”) is to maximize total return to unitholders through income and capital appreciation by investing primarily in global income securities while mitigating capital loss by engaging in hedging strategies for downside risk protection. The fundamental investment objective of the Fund will not change without the consent of a majority of the voting unitholders of the Fund.

Investment Strategy

To achieve the investment objective, the Fund invests in an actively managed portfolio composed primarily of global corporate debt securities. The Fund may also invest in government bonds, loans, and convertible bonds. The Fund may invest no more than 25% of its portfolio in preferred shares and equities, such as ETFs and other mutual funds, including mutual funds managed by the Portfolio Advisor.

Portfolio Management

Portfolio Manager

Picton Mahoney Asset Management

Sub-Advisor

-

Management and Organization

Fund Manager

Picton Mahoney Asset Management

Custodian

RBC Investor Services Trust

Registrar

RBC Investor Services Trust

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 500

Fees

MER 2.29%
Management Fee 1.90%
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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