Join Fund Library now and get free access to personalized features to help you manage your investments.

Picton Mahoney Fortified Special Situations 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
(07-19-2024)
$9.01
Change
-$0.01 (-0.12%)

As at June 30, 2024

As at May 31, 2024

Period
Loading...

Legend

Picton Mahoney Fortified Special Situations Alternative Fund Class A

Compare Options


Fund Returns

Inception Return (July 13, 2021): 2.18%

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% 1.72% 3.98% 3.98% 7.66% 6.13% - - - - - - - -
Benchmark 2.98% 0.97% -0.32% -0.32% 3.73% 3.25% -1.77% -1.98% -0.10% 1.11% 1.07% 0.93% 1.40% 1.89%
Category Average 0.65% 3.28% 3.28% 3.28% 7.68% 6.09% 1.96% 3.95% 3.59% - - - - -
Category Rank 73 / 127 37 / 118 51 / 118 51 / 118 62 / 115 41 / 99 - - - - - - - -
Quartile Ranking 3 2 2 2 3 2 - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.41% -0.02% 0.24% -1.05% 2.43% 1.50% 1.05% 0.50% 0.66% 0.17% 0.98% 0.56%
Benchmark -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98%

Best Monthly Return Since Inception

2.43% (November 2023)

Worst Monthly Return Since Inception

-2.19% (May 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - -2.54% 6.53%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average - - - - - - 7.20% 3.25% -4.07% 7.22%
Quartile Ranking - - - - - - - - 2 3
Category Rank - - - - - - - - 42/ 95 60/ 113

Best Calendar Return (Last 10 years)

6.53% (2023)

Worst Calendar Return (Last 10 years)

-2.54% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 53.07
Foreign Corporate Bonds 47.36
Canadian Equity 10.01
US Equity 0.34
International Equity 0.33
Other -11.11

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 99.35
Energy 5.95
Basic Materials 2.08
Financial Services 1.99
Utilities 0.85
Other -10.22

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.65
Europe 1.21
Latin America 0.33
Other 1.81

Top Holdings

Top Holdings
Name Percent
CAD Currency 14.58
Prime Healthcare Services Inc 7.25% 01-Nov-2025 4.07
Permian Resources Operatng LLC 8.00% 15-Apr-2027 3.98
Royal Bank of Canada 4.50% 24-Oct-2025 3.14
Royal Bank of Canada 7.41% 31-Dec-2049 2.98
Crownrock LP 5.00% 01-May-2029 2.92
APX Group Inc 5.75% 15-Jul-2029 2.87
Toronto-Dominion Bank 7.23% PERP 2.75
First Quantum Minerals Ltd 9.38% 01-Mar-2029 2.74
Enbridge Inc 5.00% 19-Oct-2031 2.64

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

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) $232

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 Manager(s)

Name Start Date
Picton Mahoney Asset Management 07-12-2021

Management and Organization

Fund Manager Picton Mahoney Asset Management
Advisor Picton Mahoney Asset Management
Custodian RBC Investor Services Trust
Registrar RBC Investor Services Trust (Canada)
Distributor -
Auditor PricewaterhouseCoopers LLP

Investment Minimums

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

Fees

MER 3.48%
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) -

Join Fund Library now and get free access to personalized features to help you manage your investments.