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High Yield Fixed Income
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2018
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|
NAVPS (10-22-2024) |
$10.06 |
|---|---|
| Change |
$0.01
(0.06%)
|
As at September 30, 2024
As at August 31, 2024
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Inception Return (November 02, 2015): 4.39%
| 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 | 0.89% | 2.74% | 4.47% | 6.22% | 9.28% | 6.35% | 1.74% | 2.72% | 3.08% | 2.82% | 2.57% | 3.53% | - | - |
| Benchmark | 2.00% | 4.50% | 6.96% | 11.39% | 16.92% | 13.88% | 3.99% | 4.21% | 4.33% | 4.99% | 4.94% | 4.89% | 5.51% | 6.30% |
| Category Average | 1.23% | 5.02% | 5.02% | 6.67% | 12.65% | 9.09% | 1.37% | 3.08% | 2.89% | 3.06% | 2.83% | 3.11% | 3.64% | 3.00% |
| Category Rank | 267 / 305 | 283 / 304 | 253 / 303 | 223 / 303 | 281 / 301 | 274 / 297 | 158 / 288 | 216 / 275 | 159 / 271 | 179 / 256 | 171 / 237 | 105 / 222 | - | - |
| Quartile Ranking | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 4 | 3 | 3 | 3 | 2 | - | - |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.60% | 2.32% | 1.16% | 0.69% | 0.13% | 0.85% | 0.00% | 1.11% | 0.57% | 1.04% | 0.79% | 0.89% |
| Benchmark | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% |
3.01% (March 2016)
-4.94% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | 16.28% | 8.12% | -2.72% | 5.37% | 6.71% | 2.18% | -6.03% | 5.88% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | - | - | 1 | 1 | 3 | 4 | 1 | 4 | 1 | 4 |
| Category Rank | - | - | 32/ 200 | 15/ 228 | 133/ 239 | 238/ 264 | 62/ 274 | 223/ 279 | 41/ 288 | 270/ 297 |
16.28% (2016)
-6.03% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 50.90 |
| Foreign Corporate Bonds | 31.59 |
| Cash and Equivalents | 10.58 |
| Canadian Equity | 5.36 |
| Canadian Bonds - Other | 1.36 |
| Other | 0.21 |
| Name | Percent |
|---|---|
| Fixed Income | 83.30 |
| Cash and Cash Equivalent | 10.58 |
| Energy | 3.05 |
| Financial Services | 1.12 |
| Basic Materials | 1.07 |
| Other | 0.88 |
| Name | Percent |
|---|---|
| North America | 97.48 |
| Europe | 1.29 |
| Latin America | 0.21 |
| Other | 1.02 |
| Name | Percent |
|---|---|
| USD Currency | 6.89 |
| CAD Currency | 2.66 |
| Prime Healthcare Services Inc 9.38% 01-Sep-2029 | 2.47 |
| Royal Bank of Canada 4.50% 24-Oct-2025 | 1.91 |
| Parkland Corp 4.38% 26-Mar-2029 | 1.80 |
| Toronto-Dominion Bank 7.23% PERP | 1.64 |
| ATS Corp 6.50% 21-Aug-2032 | 1.63 |
| Mattr Corp 7.25% 02-Apr-2031 | 1.61 |
| Secure Energy Services Inc 6.75% 22-Mar-2029 | 1.56 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 1.49 |
Picton Mahoney Fortified Income Fund Class A
Median
Other - High Yield Fixed Income
| Standard Deviation | 3.62% | 4.01% | - |
|---|---|---|---|
| Beta | 0.34% | 0.38% | - |
| Alpha | 0.00% | 0.01% | - |
| Rsquared | 0.44% | 0.46% | - |
| Sharpe | -0.43% | 0.22% | - |
| Sortino | -0.44% | 0.04% | - |
| Treynor | -0.05% | 0.02% | - |
| Tax Efficiency | - | 46.80% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.49% | 3.62% | 4.01% | - |
| Beta | 0.12% | 0.34% | 0.38% | - |
| Alpha | 0.07% | 0.00% | 0.01% | - |
| Rsquared | 0.03% | 0.44% | 0.46% | - |
| Sharpe | 1.70% | -0.43% | 0.22% | - |
| Sortino | 6.64% | -0.44% | 0.04% | - |
| Treynor | 0.35% | -0.05% | 0.02% | - |
| Tax Efficiency | 75.10% | - | 46.80% | - |
| 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) | $787 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC8500 |
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.
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.
| Name | Start Date |
|---|---|
| Picton Mahoney Asset Management | 10-29-2015 |
| Fund Manager | Picton Mahoney Asset Management |
|---|---|
| Advisor | Picton Mahoney Asset Management |
| Custodian | RBC Investor & Treasury Services |
| Registrar | RBC Investor & Treasury Services |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | 500 |
| SWP Min Withdrawal | 500 |
| MER | 2.32% |
|---|---|
| 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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