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PICTON Long Short Equity Alternative Fund Class A

Alternative Equity Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-18-2025)
$18.88
Change
$0.01 (0.03%)

As at June 30, 2025

As at May 31, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025$10,000$15,000$11,000$12,000$13,000$14,000Period

Legend

PICTON Long Short Equity Alternative Fund Class A

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Fund Returns

Inception Return (July 08, 2020): 13.69%

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 1.53% 6.88% 4.82% 4.82% 14.49% 12.29% 12.42% 8.00% - - - - - -
Benchmark 2.91% 8.53% 10.17% 10.17% 26.37% 19.03% 16.09% 10.74% 15.02% 11.96% 10.77% 10.72% 10.76% 9.61%
Category Average 3.60% 6.84% 5.72% 5.72% 12.00% 13.59% 10.27% 6.62% 9.88% 7.64% - - - -
Category Rank 171 / 246 97 / 233 91 / 224 91 / 224 76 / 198 71 / 151 61 / 136 45 / 109 - - - - - -
Quartile Ranking 3 2 2 2 2 2 2 2 - - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 1.97% 1.53% 1.60% 0.86% 4.48% -1.47% 1.95% -1.03% -2.80% 0.95% 4.27% 1.53%
Benchmark 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10% 5.56% 2.91%

Best Monthly Return Since Inception

8.98% (November 2020)

Worst Monthly Return Since Inception

-5.14% (June 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - 17.23% -0.33% 6.03% 18.76%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average - - - - - 5.11% 17.27% -5.96% 6.54% 16.58%
Quartile Ranking - - - - - - 3 1 3 2
Category Rank - - - - - - 55/ 101 27/ 125 90/ 143 76/ 167

Best Calendar Return (Last 10 years)

18.76% (2024)

Worst Calendar Return (Last 10 years)

-0.33% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 62.72
Cash and Equivalents 26.89
US Equity 5.43
Income Trust Units 2.67
International Equity 1.26
Other 1.03

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 26.89
Financial Services 21.56
Technology 9.70
Energy 8.48
Basic Materials 8.27
Other 25.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.14
Europe 1.42
Africa and Middle East 0.24
Latin America 0.22
Multi-National 0.20

Top Holdings

Top Holdings
Name Percent
Canada Government 16-Jul-2025 10.53
CAD Currency 6.53
Canada Government 10-Sep-2025 5.44
Royal Bank of Canada 5.04
Canada Government 18-Jun-2025 4.92
Toronto-Dominion Bank 4.38
Canadian Pacific Kansas City Ltd 3.78
Shopify Inc Cl A 3.01
Canadian Natural Resources Ltd 2.77
Microsoft Corp 2.74

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: S. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return51015202530354045-40%-20%0%20%40%60%

PICTON Long Short Equity Alternative Fund Class A

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 6.63% - -
Beta 0.46% - -
Alpha 0.05% - -
Rsquared 0.76% - -
Sharpe 1.20% - -
Sortino 2.67% - -
Treynor 0.17% - -
Tax Efficiency 98.96% - -
Volatility Volatility rating is 3 on a scale of 1 to 10 - -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.38% 6.63% - -
Beta 0.62% 0.46% - -
Alpha -0.01% 0.05% - -
Rsquared 0.80% 0.76% - -
Sharpe 1.42% 1.20% - -
Sortino 2.91% 2.67% - -
Treynor 0.17% 0.17% - -
Tax Efficiency 100.00% 98.96% - -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A34.934.952.352.30%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.322.356.156.10%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A30.030.047.447.40%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A50.350.352.652.60%10%20%30%40%50%60%70%80%90%100%

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 July 08, 2020
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $875

Fund Codes

FundServ Code Load Code Sales Status
PIC3200

Investment Objectives

The investment objective of the Picton Mahoney Fortified Long Short Alternative Fund (the “Fund”) is to provide consistent long-term capital appreciation and to provide unitholders with an attractive risk-adjusted rate of return by actively investing in a portfolio comprised of long and short equity securities.

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 Management

Portfolio Manager

Picton Mahoney Asset Management

Sub-Advisor

-

Management and Organization

Fund Manager

Picton Mahoney Asset Management

Custodian

RBC Investor Services Trust (Canada)

Registrar

RBC Investor Services Trust (Canada)

Distributor

-

Investment Minimums

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

Fees

MER 7.28%
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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