Try Fund Library Premium
Free with a 30 day trial!
Gain access to
- Unlimited Watchlists
- Advanced Search Filtering
- Fund Comparisons
- Portfolio Scenarios
- Customizable PDF Reports
- Portfolio Rebalancer new
PICTON Long Short Equity (130/30) Alternative Fund Class A
Alternative Equity Focus
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade D
Click for more information on Fundata’s ESG Grade.
FundGrade A+® Rating Recipient
2025
Click for more information on Fundata’s FundGrade
|
NAVPS (06-19-2026) |
$28.77 |
|---|---|
| Change |
-$0.08
(-0.29%)
|
As at May 31, 2026
As at November 30, 2025
As at May 31, 2026
Loading......
Legend
Compare Options
Fund Returns
Inception Return (September 27, 2018): 15.02%
| 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 | 4.16% | 2.91% | 10.71% | 9.39% | 29.93% | 25.44% | 23.42% | 17.44% | 14.30% | 19.64% | 16.31% | - | - | - |
| Benchmark | 2.52% | 1.83% | 12.07% | 10.61% | 36.06% | 28.34% | 24.64% | 17.23% | 15.30% | 18.20% | 15.06% | 13.48% | 12.83% | 12.77% |
| Category Average | 2.82% | 4.37% | 9.17% | 9.21% | 23.49% | 15.75% | 16.26% | 11.26% | 9.16% | 11.53% | 9.52% | - | - | - |
| Category Rank | 101 / 258 | 126 / 255 | 89 / 243 | 102 / 245 | 68 / 218 | 33 / 167 | 29 / 126 | 30 / 117 | 12 / 88 | 4 / 46 | 4 / 31 | - | - | - |
| Quartile Ranking | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.16% | 1.64% | 3.64% | 4.44% | 1.02% | 2.37% | 1.21% | 0.32% | 5.96% | -4.94% | 3.94% | 4.16% |
| Benchmark | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% |
Best Monthly Return Since Inception
13.44% (April 2020)
Worst Monthly Return Since Inception
-20.38% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 23.70% | 20.98% | 24.53% | -7.33% | 9.86% | 28.76% | 24.70% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | 1 | 2 | 2 | 3 | 3 | 1 | 1 |
| Category Rank | - | - | - | 4/ 18 | 14/ 37 | 27/ 81 | 64/ 105 | 68/ 121 | 31/ 142 | 28/ 194 |
Best Calendar Return (Last 10 years)
28.76% (2024)
Worst Calendar Return (Last 10 years)
-7.33% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 80.80 |
| US Equity | 14.26 |
| Income Trust Units | 3.31 |
| International Equity | 2.13 |
| Foreign Government Bonds | -0.05 |
Sector Allocation
| Name | Percent |
|---|---|
| Financial Services | 28.32 |
| Basic Materials | 16.81 |
| Technology | 12.70 |
| Energy | 9.41 |
| Consumer Services | 6.43 |
| Other | 26.33 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 96.60 |
| Latin America | 1.86 |
| Africa and Middle East | 0.70 |
| Europe | 0.58 |
| Asia | 0.17 |
| Other | 0.09 |
Top Holdings
| Name | Percent |
|---|---|
| Royal Bank of Canada | 6.86 |
| Shopify Inc Cl A | 5.71 |
| Toronto-Dominion Bank | 5.19 |
| CAD Currency | 4.99 |
| Canadian Pacific Kansas City Ltd | 2.68 |
| Canadian Natural Resources Ltd | 2.49 |
| Brookfield Corp Cl A | 2.29 |
| Agnico Eagle Mines Ltd | 2.27 |
| Cenovus Energy Inc | 2.26 |
| Barrick Mining Corp | 2.02 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PICTON Long Short Equity (130/30) Alternative Fund Class A
Median
Other - Alternative Equity Focus
3 Yr Annualized
| Standard Deviation | 10.81% | 12.55% | - |
|---|---|---|---|
| Beta | 0.95 | 0.96 | - |
| Alpha | 0.00 | 0.00 | - |
| Rsquared | 0.91% | 0.92% | - |
| Sharpe | 1.69 | 0.90 | - |
| Sortino | 3.41 | 1.46 | - |
| Treynor | 0.19 | 0.12 | - |
| Tax Efficiency | 99.39% | 99.18% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.70% | 10.81% | 12.55% | - |
| Beta | 0.89 | 0.95 | 0.96 | - |
| Alpha | -0.01 | 0.00 | 0.00 | - |
| Rsquared | 0.90% | 0.91% | 0.92% | - |
| Sharpe | 2.53 | 1.69 | 0.90 | - |
| Sortino | - | 3.41 | 1.46 | - |
| Treynor | 0.28 | 0.19 | 0.12 | - |
| Tax Efficiency | 99.47% | 99.39% | 99.18% | - |
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 | September 27, 2018 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $467 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3000 |
Investment Objectives
The investment objective of the Picton Mahoney Fortified Extension Alternative Fund (the “Fund”) is to provide long-term capital appreciation and to provide unitholders with an attractive risk-adjusted rate of return with similar volatility to the traditional equity market by taking long and short investment positions in an actively-managed portfolio comprised primarily of Canadian equity securities.
Investment Strategy
To achieve the investment objective, the Fund invests in an actively managed long portfolio composed primarily of securities of companies identified as attractive investment candidates by the Portfolio Advisor's investment process. The Fund will engage in short selling in a manner which is consistent with the investment objectives of the Fund and as permitted by securities regulations.
Portfolio Management
| Portfolio Manager |
PICTON Investments |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
PICTON Investments |
|---|---|
| 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 | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 3.30% |
|---|---|
| Management Fee | 1.95% |
| 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) | - |
Try Fund Library Premium
Free with a 30 day trial!
Gain access to
- Unlimited Watchlists
- Advanced Search Filtering
- Fund Comparisons
- Portfolio Scenarios
- Customizable PDF Reports
- Portfolio Rebalancer new
