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Picton Mahoney Fortified Arbitrage Alternative Fund Class A

Alternative Market Neutrl

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$11.68
Change
$0.00 (0.01%)

As at June 30, 2024

Period
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Legend

Picton Mahoney Fortified Arbitrage Alternative Fund Class A

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Fund Returns

Inception Return (January 17, 2019): 4.46%

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 0.17% 0.58% 1.46% 1.46% 4.08% 3.01% 1.32% 4.66% 4.75% - - - - -
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 22 / 28 26 / 28 27 / 27 27 / 27 27 / 27 24 / 27 24 / 26 14 / 16 10 / 14 - - - - -
Quartile Ranking 4 4 4 4 4 4 4 4 3 - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.39% 0.85% 0.48% 0.04% 0.43% 0.38% 0.12% 0.42% 0.34% 0.03% 0.38% 0.17%
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

5.48% (December 2020)

Worst Monthly Return Since Inception

-2.97% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 15.59% 2.72% 0.22% 2.76%
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 - - - - - - 2 3 3 4
Category Rank - - - - - - 5/ 16 14/ 23 18/ 27 23/ 27

Best Calendar Return (Last 10 years)

15.59% (2020)

Worst Calendar Return (Last 10 years)

0.22% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Picton Mahoney Fortified Arbitrage Alternative Fund Class A

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 1.35% 4.50% -
Beta 0.03% 0.11% -
Alpha 0.01% 0.04% -
Rsquared 0.12% 0.16% -
Sharpe -1.25% 0.59% -
Sortino -1.31% 0.77% -
Treynor -0.49% 0.23% -
Tax Efficiency 49.68% - -
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 0.79% 1.35% 4.50% -
Beta 0.01% 0.03% 0.11% -
Alpha 0.04% 0.01% 0.04% -
Rsquared 0.04% 0.12% 0.16% -
Sharpe -1.08% -1.25% 0.59% -
Sortino 2.90% -1.31% 0.77% -
Treynor -0.59% -0.49% 0.23% -
Tax Efficiency 72.27% 49.68% - -

Fund Details

Start Date January 17, 2019
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $152

Fund Codes

FundServ Code Load Code Sales Status
PIC3800

Investment Objectives

The fundamental investment objective of the Picton Mahoney Fortified Arbitrage Alternative Fund (the “Fund”) is to generate consistent, positive returns, with low volatility and low correlation to equity markets by investing in securities in Canada, the United States and in other foreign jurisdictions.

Investment Strategy

To achieve its investment objectives, the Manager intends for the Fund to primarily employ arbitrage strategies, which are specialized investment techniques designed to profit from the successful completion of mergers, take-overs, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations.

Portfolio Manager(s)

Name Start Date
Picton Mahoney Asset Management 04-20-2022

Management and Organization

Fund Manager Picton Mahoney Asset Management
Advisor Picton Mahoney Asset Management
Custodian RBC Investor Services Trust (Canada)
Registrar -
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 50
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.54%
Management Fee 2.00%
Load Back Fee Only
FE Max 2.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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