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Picton Mahoney Fortified Market Neutral Alternative Fund Class A

Alternative Market Neutrl

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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

Fundata ESG Grade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022

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NAVPS
(07-23-2024)
$14.37
Change
$0.06 (0.40%)

As at June 30, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Picton Mahoney Fortified Market Neutral Alternative Fund Class A

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Fund Returns

Inception Return (September 27, 2018): 6.86%

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 0.97% 3.34% 7.78% 7.78% 7.69% 7.32% 5.17% 7.66% 7.21% - - - - -
Benchmark -1.42% -0.53% 6.05% 6.05% 12.13% 11.27% 5.98% 12.35% 9.28% 8.36% 8.65% 8.95% 7.89% 6.95%
Category Average 1.12% 5.96% 5.96% 5.96% 7.50% 5.80% 0.20% 1.60% -0.17% - - - - -
Category Rank 16 / 28 11 / 28 12 / 27 12 / 27 16 / 27 16 / 27 11 / 26 9 / 16 5 / 14 - - - - -
Quartile Ranking 3 2 2 2 3 3 2 3 2 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.83% 1.40% 0.64% -1.22% 0.59% -0.64% 2.78% 0.81% 0.66% 1.47% 0.86% 0.97%
Benchmark 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42%

Best Monthly Return Since Inception

4.17% (April 2020)

Worst Monthly Return Since Inception

-4.56% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 4.93% 16.21% 4.98% 4.75% 1.88%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - -3.57% -6.24% -1.79% 4.02%
Quartile Ranking - - - - - - 1 2 2 4
Category Rank - - - - - - 4/ 16 11/ 23 11/ 27 24/ 27

Best Calendar Return (Last 10 years)

16.21% (2020)

Worst Calendar Return (Last 10 years)

1.88% (2023)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 68.85
Canadian Equity 38.59
Income Trust Units 2.58
Canadian Corporate Bonds 1.49
Derivatives 0.02
Other -11.53

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 68.85
Financial Services 11.32
Technology 10.25
Basic Materials 6.46
Energy 4.73
Other -1.61

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.55
Europe 0.59
Latin America 0.32
Multi-National 0.13
Asia -0.74
Other -0.85

Top Holdings

Top Holdings
Name Percent
Canada Government 0.00% 01-Aug-2024 12.83
Canadian Treasury Bill % 24-Oct-2024 12.03
USD Currency 10.72
CAD Currency 10.60
Canadian Treasury Bill % 21-Nov-2024 10.49
Canada Government 0.00% 29-Aug-2024 9.66
Royal Bank of Canada 3.32
Manulife Financial Corp 2.66
Element Fleet Management Corp 2.53
Canadian Pacific Kansas City Ltd 2.47

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 Market Neutral Alternative Fund Class A

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 3.13% 4.81% -
Beta 0.02% 0.16% -
Alpha 0.05% 0.06% -
Rsquared 0.01% 0.26% -
Sharpe 0.67% 1.04% -
Sortino 1.06% 1.36% -
Treynor 0.96% 0.32% -
Tax Efficiency 96.67% - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.81% 3.13% 4.81% -
Beta -0.03% 0.02% 0.16% -
Alpha 0.08% 0.05% 0.06% -
Rsquared 0.01% 0.01% 0.26% -
Sharpe 0.69% 0.67% 1.04% -
Sortino 2.22% 1.06% 1.36% -
Treynor -0.85% 0.96% 0.32% -
Tax Efficiency 93.42% 96.67% - -

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) $1,235

Fund Codes

FundServ Code Load Code Sales Status
PIC3100

Investment Objectives

The investment objective of the Picton Mahoney Fortified Market Neutral Alternative Fund (the “Fund”) is to provide consistent long-term capital appreciation and to provide unitholders with an attractive risk-adjusted rate of return with less volatility than traditional equity markets and low correlation to major equity markets.

Investment Strategy

To achieve the investment objective, the Fund invests in an actively managed long portfolio comprised primarily of equity securities identified as attractive investment candidates by the Portfolio Advisor’s investment process. Consistent with the investment objectives of the Fund, up to 100% of the aggregate market value of the Fund may be sold short, 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 2.79%
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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