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PICTON Long Short Income Alternative Fund Class A

Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-22-2025)
$9.55
Change
$0.01 (0.05%)

As at June 30, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$10,000$11,000$12,000$13,000$9,000$9,500$10,500$11,500Period

Legend

PICTON Long Short Income Alternative Fund Class A

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Fund Returns

Inception Return (July 05, 2019): 3.90%

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 0.56% 1.15% 2.44% 2.44% 5.82% 6.04% 5.34% 2.46% 4.02% - - - - -
Benchmark 0.04% -0.65% 1.32% 1.32% 5.82% 4.77% 4.10% 0.07% -0.47% 0.86% 1.77% 1.66% 1.46% 1.83%
Category Average 0.93% 1.38% 2.39% 2.39% 7.05% 7.36% 6.41% 3.20% 4.56% 4.15% - - - -
Category Rank 107 / 137 91 / 137 69 / 135 69 / 135 92 / 124 77 / 110 66 / 94 49 / 75 39 / 63 - - - - -
Quartile Ranking 4 3 3 3 3 3 3 3 3 - - - - -

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.77% 0.44% 0.78% 0.46% 0.32% 0.49% 0.40% 0.63% 0.24% -0.10% 0.69% 0.56%
Benchmark 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29% -0.77% 0.08% 0.04%

Best Monthly Return Since Inception

2.86% (April 2020)

Worst Monthly Return Since Inception

-7.18% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - 7.53% 2.78% -4.29% 5.69% 6.58%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average - - - - - 7.20% 3.25% -4.07% 7.22% 7.97%
Quartile Ranking - - - - - 2 2 3 3 3
Category Rank - - - - - 19/ 39 33/ 67 56/ 90 76/ 108 75/ 114

Best Calendar Return (Last 10 years)

7.53% (2020)

Worst Calendar Return (Last 10 years)

-4.29% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 74.26
Foreign Corporate Bonds 21.40
Canadian Equity 3.44
Mortgages 1.58
US Equity 1.26

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 94.11
Energy 1.94
Telecommunications 1.66
Mutual Fund 1.12
Basic Materials 0.72
Other 0.45

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.64
Europe 2.12
Multi-National 1.12
Latin America 0.21
Other 0.91

Top Holdings

Top Holdings
Name Percent
CAD Currency 4.38
Chemtrade Logistics Inc 6.38% 28-Aug-2029 2.44
Prime Healthcare Services Inc 9.38% 01-Sep-2029 2.42
Parkland Corp 4.38% 26-Mar-2029 2.12
Sleep Country Canada Hldgs Inc 6.63% 28-Nov-2032 2.11
ATS Corp 6.50% 21-Aug-2032 2.01
Enbridge Inc 5.00% 19-Oct-2031 1.83
goeasy Ltd 6.00% 15-May-2030 1.73
Nationstar Mortgage Holdgs Inc 7.13% 01-Feb-2032 1.58
Toronto-Dominion Bank/The 7.23% 31-Dec-2049 1.55

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return0123456789100%2%4%6%8%10%12%14%

PICTON Long Short Income Alternative Fund Class A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 2.82% 3.05% -
Beta 0.28% 0.25% -
Alpha 0.04% 0.04% -
Rsquared 0.38% 0.23% -
Sharpe 0.45% 0.49% -
Sortino 1.41% 0.49% -
Treynor 0.04% 0.06% -
Tax Efficiency 64.48% - -
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 0.86% 2.82% 3.05% -
Beta 0.13% 0.28% 0.25% -
Alpha 0.05% 0.04% 0.04% -
Rsquared 0.30% 0.38% 0.23% -
Sharpe 2.69% 0.45% 0.49% -
Sortino 7.58% 1.41% 0.49% -
Treynor 0.18% 0.04% 0.06% -
Tax Efficiency 71.82% 64.48% - -

Fund Details

Start Date July 05, 2019
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,393

Fund Codes

FundServ Code Load Code Sales Status
PIC3500

Investment Objectives

The investment objective of the Picton Mahoney Fortified Income Alternative Fund (the “Fund”) is to maximize total return to unitholders through income and capital appreciation by investing primarily in global fixed income securities while mitigating capital loss through shorting and other hedging strategies.

Investment Strategy

To achieve the investment objective, the Fund invests in an actively managed portfolio composed primarily of North American corporate debt securities. The Fund may also invest in government bonds, loans (including floating rate loans, senior loans, unsecured loans and distressed securities), convertible bonds and derivatives. The Fund may invest no more than 5% of its portfolio in preferred shares and equities.

Portfolio Management

Portfolio Manager

Picton Mahoney Asset Management

Sub-Advisor

-

Management and Organization

Fund Manager

Picton Mahoney Asset Management

Custodian

RBC Investor Services Trust

Registrar

RBC Investor Services Trust

Distributor

-

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 4.07%
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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