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Picton Mahoney Fortified Active Extension Alternative Fund Class A

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Alternative Equity Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-02-2024) 		$17.66
Change
$0.11 (0.64%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

Picton Mahoney Fortified Active Extension Alternative Fund Class A

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Fund Returns

Inception Return (September 27, 2018): 11.60%

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 3.74% 9.87% 15.94% 9.87% 15.98% 5.68% 9.26% 21.90% 13.13% - - - - -
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 2.33% 13.77% 13.77% 8.40% 14.38% 5.99% 5.81% 11.19% - - - - - -
Category Rank 49 / 189 46 / 166 55 / 160 46 / 166 70 / 151 62 / 134 31 / 101 6 / 67 7 / 51 - - - - -
Quartile Ranking 2 2 2 2 2 2 2 1 1 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.44% -2.78% 3.48% 1.89% -0.77% -3.05% -4.27% 6.89% 3.13% 2.80% 3.02% 3.74%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

13.44% (April 2020)

Worst Monthly Return Since Inception

-20.38% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 23.70% 20.98% 24.53% -7.33% 9.86%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - - - - - 1 2 1 3 2
Category Rank - - - - - 2/ 47 18/ 62 22/ 97 78/ 123 66/ 150

Best Calendar Return (Last 10 years)

24.53% (2021)

Worst Calendar Return (Last 10 years)

-7.33% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 80.55
US Equity 12.35
Cash and Equivalents 2.94
Income Trust Units 2.92
International Equity 1.87
Other -0.63

Sector Allocation

Sector Allocation
Name Percent
Financial Services 32.61
Energy 11.85
Technology 9.89
Basic Materials 9.45
Industrial Services 9.40
Other 26.80

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.76
Europe 1.16
Latin America 0.73
Asia 0.26
Africa and Middle East 0.22
Other -0.13

Top Holdings

Top Holdings
Name Percent
CAD Currency 6.94
Royal Bank of Canada 6.75
Bank of Montreal 5.17
Canadian Pacific Kansas City Ltd 4.63
Sun Life Financial Inc 2.95
Element Fleet Management Corp 2.94
Waste Connections Inc 2.63
Canadian Natural Resources Ltd 2.54
Shopify Inc Cl A 2.23
Toronto-Dominion Bank 2.22

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)

Picton Mahoney Fortified Active Extension Alternative Fund Class A

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 13.49% 17.54% -
Beta 0.97% 1.08% -
Alpha 0.00% 0.02% -
Rsquared 0.92% 0.92% -
Sharpe 0.53% 0.69% -
Sortino 0.76% 0.91% -
Treynor 0.07% 0.11% -
Tax Efficiency 98.17% - -
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 -

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.52% 13.49% 17.54% -
Beta 0.85% 0.97% 1.08% -
Alpha 0.04% 0.00% 0.02% -
Rsquared 0.89% 0.92% 0.92% -
Sharpe 0.94% 0.53% 0.69% -
Sortino 1.94% 0.76% 0.91% -
Treynor 0.13% 0.07% 0.11% -
Tax Efficiency 98.20% 98.17% - -

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.

View the full methodology

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) -

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 Manager(s)

Name Start Date
Picton Mahoney Asset Management 09-27-2018

Management and Organization

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

Investment Minimums

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

Fees

MER 2.98%
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) -

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