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Alternative Credit Focus
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|
NAVPS (04-04-2025) |
$9.55 |
|---|---|
| Change |
$0.03
(0.36%)
|
As at February 28, 2025
As at January 31, 2025
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Inception Return (July 05, 2019): 3.88%
| 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 | 0.63% | 1.53% | 3.12% | 1.03% | 6.70% | 5.92% | 3.33% | 2.36% | 3.32% | - | - | - | - | - |
| Benchmark | 1.14% | 1.75% | 4.04% | 2.28% | 8.37% | 5.98% | 1.44% | 0.48% | 0.36% | 1.85% | 2.11% | 1.97% | 1.94% | 1.72% |
| Category Average | 0.55% | 1.42% | 3.80% | 1.21% | 8.09% | 7.22% | 4.56% | 3.40% | 4.32% | - | - | - | - | - |
| Category Rank | 52 / 135 | 63 / 134 | 75 / 123 | 83 / 135 | 71 / 113 | 77 / 108 | 68 / 93 | 53 / 67 | 30 / 44 | - | - | - | - | - |
| Quartile Ranking | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | - | - | - | - | - |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.58% | 0.10% | 0.83% | 0.70% | 0.77% | 0.44% | 0.78% | 0.46% | 0.32% | 0.49% | 0.40% | 0.63% |
| Benchmark | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% |
2.86% (April 2020)
-7.18% (March 2020)
| 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/ 113 |
7.53% (2020)
-4.29% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 80.59 |
| Foreign Corporate Bonds | 19.06 |
| Canadian Equity | 4.44 |
| Canadian Bonds - Other | 1.47 |
| Foreign Bonds - Funds | 1.19 |
| Other | -6.75 |
| Name | Percent |
|---|---|
| Fixed Income | 97.71 |
| Energy | 2.02 |
| Telecommunications | 1.48 |
| Mutual Fund | 1.19 |
| Financial Services | 1.13 |
| Other | -3.53 |
| Name | Percent |
|---|---|
| North America | 95.73 |
| Europe | 1.99 |
| Multi-National | 1.19 |
| Latin America | 0.22 |
| Other | 0.87 |
| Name | Percent |
|---|---|
| USD Currency | 4.42 |
| Prime Healthcare Services Inc 9.38% 01-Sep-2029 | 2.53 |
| Chemtrade Logistics Inc 6.38% 28-Aug-2029 | 2.52 |
| ATS Corp 6.50% 21-Aug-2032 | 2.19 |
| Parkland Corp 4.38% 26-Mar-2029 | 2.16 |
| Royal Bank of Canada 4.50% 24-Oct-2025 | 2.06 |
| Getty Images Inc 9.75% 01-Mar-2027 | 2.00 |
| Enbridge Inc 5.00% 19-Oct-2031 | 1.97 |
| goeasy Ltd 6.00% 15-May-2030 | 1.88 |
| Toronto-Dominion Bank 7.23% PERP | 1.81 |
Picton Mahoney Fortified Income Alternative Fund Class A
Median
Other - Alternative Credit Focus
| Standard Deviation | 3.37% | 4.79% | - |
|---|---|---|---|
| Beta | 0.31% | 0.38% | - |
| Alpha | 0.03% | 0.03% | - |
| Rsquared | 0.40% | 0.25% | - |
| Sharpe | -0.14% | 0.21% | - |
| Sortino | 0.14% | 0.10% | - |
| Treynor | -0.01% | 0.03% | - |
| Tax Efficiency | 43.36% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.75% | 3.37% | 4.79% | - |
| Beta | 0.09% | 0.31% | 0.38% | - |
| Alpha | 0.06% | 0.03% | 0.03% | - |
| Rsquared | 0.34% | 0.40% | 0.25% | - |
| Sharpe | 3.25% | -0.14% | 0.21% | - |
| Sortino | - | 0.14% | 0.10% | - |
| Treynor | 0.27% | -0.01% | 0.03% | - |
| Tax Efficiency | 77.54% | 43.36% | - | - |
| 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) | $1,290 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3500 |
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.
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 Manager |
Picton Mahoney Asset Management |
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Picton Mahoney Asset Management |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
RBC Investor Services Trust |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 0 |
| PAC Subsequent | 0 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.77% |
|---|---|
| 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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