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Picton Mahoney Fortified Multi-Strategy Alternative Fund Class A

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Alternative Multi-Stratgy

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(09-17-2024) 		$12.60
Change
$0.01 (0.06%)

As at August 31, 2024

As at July 31, 2024

Period
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Legend

Picton Mahoney Fortified Multi-Strategy Alternative Fund Class A

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Fund Returns

Inception Return (September 27, 2018): 4.12%

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 0.72% 2.14% 8.53% 9.56% 11.47% 5.40% 1.47% 5.05% 3.85% - - - - -
Benchmark 1.22% 5.65% 11.01% 13.65% 18.77% 13.51% 7.58% 12.41% 10.63% 9.56% 9.63% 9.33% 9.26% 7.32%
Category Average -0.23% 2.86% 2.86% 4.48% 7.36% 4.69% 1.23% 3.35% 3.07% - - - - -
Category Rank 26 / 99 45 / 98 7 / 97 13 / 93 19 / 90 39 / 70 40 / 60 24 / 49 23 / 43 - - - - -
Quartile Ranking 2 2 1 1 1 3 3 2 3 - - - - -

Monthly Return

Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund -1.55% -1.64% 3.36% 1.65% 0.39% 0.55% 3.75% 0.31% 2.11% 0.04% 1.37% 0.72%
Benchmark -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42% 5.87% 1.22%

Best Monthly Return Since Inception

7.04% (November 2020)

Worst Monthly Return Since Inception

-11.77% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 8.72% 6.53% 9.02% -5.80% 0.92%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 4.04% 6.86% -5.49% 4.47%
Quartile Ranking - - - - - 2 3 2 3 3
Category Rank - - - - - 6/ 23 25/ 44 25/ 53 40/ 64 60/ 83

Best Calendar Return (Last 10 years)

9.02% (2021)

Worst Calendar Return (Last 10 years)

-5.80% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 23.47
Foreign Corporate Bonds 15.48
Canadian Equity 15.16
International Equity 14.88
Cash and Equivalents 6.06
Other 24.95

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 41.30
Mutual Fund 21.28
Basic Materials 6.28
Cash and Cash Equivalent 6.06
Financial Services 5.65
Other 19.43

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.33
Europe 7.68
Asia 3.79
Latin America 3.05
Multi-National 1.34
Other 2.81

Top Holdings

Top Holdings
Name Percent
Picton Mahoney Fortified Sp Situations Alt Cl A 28.73
Picton Mahoney Fortified Arbitrage Plus Alter Fd A 20.30
Picton Mahoney Fortified Core Bond Fd A 9.10
USD Currency 4.06
iShares Core MSCI Europe ETF (IEUR) 4.03
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 3.28
SPDR S&P 500 ETF Trust (SPY) 2.50
CAD Currency 2.41
iShares US Utilities ETF (IDU) 1.98
iShares DJ US Basic Materials Sector Index ETF 1.85

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)

Picton Mahoney Fortified Multi-Strategy Alternative Fund Class A

Median

Other - Alternative Multi-Stratgy

3 Yr Annualized

Standard Deviation 8.69% 10.13% -
Beta 0.56% 0.57% -
Alpha -0.03% -0.02% -
Rsquared 0.77% 0.78% -
Sharpe -0.16% 0.21% -
Sortino -0.18% 0.17% -
Treynor -0.03% 0.04% -
Tax Efficiency 100.00% - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.75% 8.69% 10.13% -
Beta 0.42% 0.56% 0.57% -
Alpha 0.04% -0.03% -0.02% -
Rsquared 0.77% 0.77% 0.78% -
Sharpe 1.09% -0.16% 0.21% -
Sortino 3.08% -0.18% 0.17% -
Treynor 0.15% -0.03% 0.04% -
Tax Efficiency 100.00% 100.00% - -

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) $50

Fund Codes

FundServ Code Load Code Sales Status
PIC3600

Investment Objectives

The investment objective of the Picton Mahoney Fortified Multi-Strategy Alternative Fund (the “Fund”) is to provide consistent long-term capital appreciation and to provide unitholders with an attractive risk-adjusted rate of return.

Investment Strategy

The investment strategy of the Fund is global in nature and will have exposure to international markets, including emerging markets. Strategies can be implemented within and across various financial markets including global equity markets including emerging markets, global government and corporate fixed income markets, foreign exchange markets, commodity derivative markets, currency markets and volatility markets.

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 Yes
PAC Initial Investment 0
PAC Subsequent 0
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 3.62%
Management Fee 1.95%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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