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Picton Mahoney Fortified Long Short Alternative Fund Class A

Alternative Equity Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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

Fundata ESG Grade D

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NAVPS
(05-21-2024)
$16.35
Change
$0.01 (0.06%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Picton Mahoney Fortified Long Short Alternative Fund Class A

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Fund Returns

Inception Return (July 08, 2020): 13.35%

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 -0.11% 3.42% 11.16% 5.93% 8.40% 6.64% 6.48% - - - - - - -
Benchmark -1.82% 4.10% 16.91% 4.68% 8.73% 5.66% 7.59% 13.51% 8.86% 8.98% 8.12% 8.95% 7.25% 7.22%
Category Average -1.22% 14.76% 14.76% 6.98% 12.25% 5.95% 4.33% 9.26% 5.97% - - - - -
Category Rank 58 / 190 95 / 178 93 / 164 71 / 164 81 / 153 63 / 131 38 / 101 - - - - - - -
Quartile Ranking 2 3 3 2 3 2 2 - - - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.87% 1.90% 0.48% 0.21% -1.27% -2.89% 3.50% 1.39% 2.42% 1.77% 1.74% -0.11%
Benchmark -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82%

Best Monthly Return Since Inception

8.98% (November 2020)

Worst Monthly Return Since Inception

-5.14% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - 17.23% -0.33% 6.03%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average - - - - - - 5.11% 17.27% -5.96% 6.54%
Quartile Ranking - - - - - - - 2 2 3
Category Rank - - - - - - - 42/ 95 34/ 120 85/ 147

Best Calendar Return (Last 10 years)

17.23% (2021)

Worst Calendar Return (Last 10 years)

-0.33% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 57.22
Cash and Equivalents 41.05
Income Trust Units 2.79
Canadian Corporate Bonds 1.57
International Equity 0.40
Other -3.03

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 41.05
Financial Services 22.08
Technology 11.82
Energy 9.24
Basic Materials 8.77
Other 7.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.07
Latin America 0.63
Europe 0.40
Multi-National 0.10
Asia -0.05
Other -0.15

Top Holdings

Top Holdings
Name Percent
CAD Currency 22.09
Canada Government 0.00% 01-Aug-2024 6.29
Canada, Government of % 09-May-2024 6.29
Royal Bank of Canada 6.04
USD Currency 5.91
Canadian Pacific Kansas City Ltd 4.54
Bank of Montreal 3.53
Sun Life Financial Inc 2.99
iShares Russell 2000 Value ETF (IWN) 2.78
Canadian Natural Resources Ltd 2.72

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 Long Short Alternative Fund Class A

Median

Other - Alternative Equity Focus

3 Yr Annualized

Standard Deviation 7.90% - -
Beta 0.53% - -
Alpha 0.02% - -
Rsquared 0.79% - -
Sharpe 0.49% - -
Sortino 0.68% - -
Treynor 0.07% - -
Tax Efficiency - - -
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 6.19% 7.90% - -
Beta 0.41% 0.53% - -
Alpha 0.05% 0.02% - -
Rsquared 0.72% 0.79% - -
Sharpe 0.56% 0.49% - -
Sortino 1.43% 0.68% - -
Treynor 0.09% 0.07% - -
Tax Efficiency 95.30% - - -

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 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) $521

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 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 RBC Investor Services Trust (Canada)
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 2.82%
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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