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PICTON Credit Opportunities 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
(07-25-2025)
$9.17
Change
$0.00 (0.05%)

As at June 30, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Sep 2021Jan 2022May 2022Sep 2022Jan 2023May 2023Sep 2023Jan 2024May 2024Sep 2024Jan 2025May 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2022Sep 2022May 2023Jan 2024Sep 2024May 2025May 2…$9,000$9,500$10,000$10,500$11,000$11,500$12,000$12,500Period

Legend

PICTON Credit Opportunities Alternative Fund Class A

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Fund Returns

Inception Return (July 13, 2021): 3.24%

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 0.63% 1.16% 2.44% 2.44% 6.42% 7.04% 6.23% - - - - - - -
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 99 / 137 89 / 137 68 / 135 68 / 135 74 / 124 53 / 110 48 / 94 - - - - - - -
Quartile Ranking 3 3 3 3 3 2 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 0.71% 0.72% 0.96% 0.47% 0.60% 0.36% 0.46% 0.63% 0.17% -0.34% 0.86% 0.63%
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

2.43% (November 2023)

Worst Monthly Return Since Inception

-2.19% (May 2022)

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 - - - - - - - -2.54% 6.53% 8.02%
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 3 2
Category Rank - - - - - - - 41/ 90 62/ 108 56/ 114

Best Calendar Return (Last 10 years)

8.02% (2024)

Worst Calendar Return (Last 10 years)

-2.54% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 79.78
Foreign Corporate Bonds 32.42
Canadian Equity 5.42
US Equity 2.44
Mortgages 0.25

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 108.33
Telecommunications 3.37
Energy 3.06
Basic Materials 1.14
Real Estate 1.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.19
Europe 2.68
Latin America 0.22
Other 0.91

Top Holdings

Top Holdings
Name Percent
Prime Healthcare Services Inc 9.38% 01-Sep-2029 3.46
Nationstar Mortgage Holdgs Inc 7.13% 01-Feb-2032 3.32
Parkland Corp 4.38% 26-Mar-2029 2.91
Blue Racer Midstream LLC 7.25% 15-Jul-2032 2.86
PetSmart LLC 7.75% 15-Feb-2029 2.83
iA Financial Corp Inc 6.92% 30-Sep-2084 2.79
Chemtrade Logistics Inc 6.38% 28-Aug-2029 2.77
Williams Scotsman Inc 4.63% 15-Aug-2028 2.68
Inter Pipeline Ltd 6.75% 12-Dec-2054 2.66
Royal Bank of Canada 6.70% 31-Dec-2049 2.60

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 Credit Opportunities Alternative Fund Class A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 3.17% - -
Beta 0.21% - -
Alpha 0.05% - -
Rsquared 0.17% - -
Sharpe 0.67% - -
Sortino 1.59% - -
Treynor 0.10% - -
Tax Efficiency - - -
Volatility 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 1.20% 3.17% - -
Beta 0.20% 0.21% - -
Alpha 0.05% 0.05% - -
Rsquared 0.36% 0.17% - -
Sharpe 2.41% 0.67% - -
Sortino 5.44% 1.59% - -
Treynor 0.15% 0.10% - -
Tax Efficiency 73.42% - - -

Fund Details

Start Date July 13, 2021
Instrument Type Mutual Fund (Alternative)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $486

Fund Codes

FundServ Code Load Code Sales Status
PIC3550

Investment Objectives

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

Investment Strategy

The Fund seeks to build a diversified portfolio by investing long or short in event driven, credit situations including fixed income securities that are impacted by some form of catalyst such as a corporate event, capital structure reorganization or other opportunistic situations.

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 (Canada)

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 5.28%
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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