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PICTON Balanced Fund Class A

Tactical Balanced

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2021

Click for more information on Fundata’s FundGrade

NAVPS
(07-21-2025)
$18.44
Change
$0.03 (0.17%)

As at June 30, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$10,000$9,000$11,000$12,000$13,000$14,000Period

Legend

PICTON Balanced Fund Class A

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Fund Returns

Inception Return (November 02, 2015): 6.97%

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 2.29% 5.33% 6.48% 6.48% 13.52% 12.36% 10.74% 5.58% 8.32% 7.89% 7.12% 6.62% 6.92% -
Benchmark 2.53% 2.76% 3.35% 3.35% 12.62% 13.35% 12.58% 5.72% 6.67% 6.88% 6.64% 6.83% 7.12% 7.01%
Category Average 1.95% 3.24% 3.79% 3.79% 10.18% 9.85% 8.92% 4.06% 6.24% 5.27% 4.87% 4.65% 4.89% 4.35%
Category Rank 86 / 322 32 / 321 21 / 318 21 / 318 70 / 318 70 / 313 72 / 312 93 / 306 74 / 296 45 / 288 51 / 265 62 / 250 57 / 241 -
Quartile Ranking 2 1 1 1 1 1 1 2 1 1 1 1 1 -

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 1.81% 0.48% 1.95% 0.17% 2.85% -0.77% 2.58% -0.22% -1.23% 0.63% 2.34% 2.29%
Benchmark 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72% -0.03% -2.06% -2.19% 2.47% 2.53%

Best Monthly Return Since Inception

5.58% (November 2020)

Worst Monthly Return Since Inception

-7.02% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - 10.48% 6.36% -2.92% 11.00% 14.48% 9.62% -8.24% 7.30% 15.00%
Benchmark 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69% 17.48%
Category Average 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35% 11.73%
Quartile Ranking - 1 2 2 4 1 3 2 3 2
Category Rank - 17/ 182 115/ 244 97/ 258 215/ 275 9/ 295 190/ 297 108/ 311 209/ 312 103/ 314

Best Calendar Return (Last 10 years)

15.00% (2024)

Worst Calendar Return (Last 10 years)

-8.24% (2022)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 26.79
US Equity 23.65
International Equity 17.49
Canadian Equity 9.56
Canadian Corporate Bonds 9.35
Other 13.16

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 26.80
Fixed Income 16.67
Technology 13.94
Financial Services 10.79
Consumer Services 5.59
Other 26.21

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.58
Europe 10.18
Asia 4.46
Latin America 2.25
Africa and Middle East 1.07
Other 0.46

Top Holdings

Top Holdings
Name Percent
Picton Mahoney Fortified Equity Fund Class A 43.16
Picton Mahoney Fortified Income Fund Class A 15.97
CAD Currency 5.26
Picton Mahoney Fortified Inflation Opp Alt Fd Cl A 4.55
iShares S&P/TSX 60 Index ETF (XIU) 4.36
Picton Mahoney Fortified Market Neutral Alt Fd A 3.62
Canada Government 13-Aug-2025 3.07
Canada Government 18-Jun-2025 3.06
Canada Government 08-Oct-2025 3.05
Canada Government 10-Sep-2025 2.92

Equity Style

Market capitalization is large. Equity style is growth.

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 Return45678910111213140%5%10%15%20%

PICTON Balanced Fund Class A

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 6.29% 6.90% -
Beta 0.74% 0.76% -
Alpha 0.01% 0.03% -
Rsquared 0.87% 0.79% -
Sharpe 1.03% 0.83% -
Sortino 2.20% 1.27% -
Treynor 0.09% 0.08% -
Tax Efficiency 96.70% 97.36% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.85% 6.29% 6.90% -
Beta 0.62% 0.74% 0.76% -
Alpha 0.05% 0.01% 0.03% -
Rsquared 0.72% 0.87% 0.79% -
Sharpe 1.96% 1.03% 0.83% -
Sortino 5.29% 2.20% 1.27% -
Treynor 0.15% 0.09% 0.08% -
Tax Efficiency 92.65% 96.70% 97.36% -

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 Annual
Assets ($mil) $207

Fund Codes

FundServ Code Load Code Sales Status
PIC8600

Investment Objectives

The investment objective of the Picton Mahoney Fortified Multi-Asset Fund (the “Fund”) is to achieve long-term capital appreciation by investing primarily in global equity securities and 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 its investment objective, the Fund’s portfolio will include a tactical blend of global equities, global fixed income securities, commodities as permitted by NI 81-102, derivatives of the securities in these asset classes and cash. The Fund may also invest in ETFs and other mutual funds, including mutual funds managed by the Portfolio Advisor. Using both systematic as well as discretionary approaches, the Portfolio Advisor will apply strategic and tactical allocations across the Fund.

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 2.46%
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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