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Picton Mahoney Fortified Special Situations Alternative Fund Class A

Alternative Credit Focus

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(12-06-2024)
$9.16
Change
$0.00 (0.01%)

As at October 31, 2024

As at September 30, 2024

Period
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Legend

Picton Mahoney Fortified Special Situations Alternative Fund Class A

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Fund Returns

Inception Return (July 13, 2021): 2.84%

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 0.47% 2.16% 4.47% 6.98% 11.24% 7.40% 3.46% - - - - - - -
Benchmark -1.07% 1.25% 6.50% 3.09% 11.09% 5.28% -0.23% -1.11% 0.36% 1.97% 1.60% 1.33% 1.81% 2.06%
Category Average 0.26% 1.99% 4.92% 6.68% 11.57% 7.89% 3.26% 4.09% 4.09% - - - - -
Category Rank 58 / 127 47 / 125 62 / 113 54 / 113 48 / 112 47 / 95 39 / 90 - - - - - - -
Quartile Ranking 2 2 3 2 2 2 2 - - - - - - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 2.43% 1.50% 1.05% 0.50% 0.66% 0.17% 0.98% 0.56% 0.71% 0.72% 0.96% 0.47%
Benchmark 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00% 2.98% 2.14% 0.52% 1.82% -1.07%

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 - - - - - - - - 41/ 90 62/ 108

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 67.39
Foreign Corporate Bonds 34.15
Canadian Equity 9.62
US Equity 0.41
International Equity 0.37
Other -11.94

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 98.54
Energy 5.66
Basic Materials 2.11
Financial Services 1.85
Utilities 1.23
Other -9.39

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.93
Europe 1.20
Latin America 0.37
Other 1.50

Top Holdings

Top Holdings
Name Percent
Prime Healthcare Services Inc 9.38% 01-Sep-2029 4.55
CAD Currency 4.51
First Quantum Minerals Ltd 9.38% 01-Mar-2029 3.53
goeasy Ltd 4.38% 01-May-2026 3.50
iA Financial Corp Inc 6.92% 30-Sep-2084 3.37
Getty Images Inc 9.75% 01-Mar-2027 3.02
Royal Bank of Canada 4.50% 24-Oct-2025 2.78
Enbridge Inc 5.00% 19-Oct-2031 2.77
Royal Bank of Canada 7.41% 31-Dec-2049 2.74
Royal Bank of Canada 6.70% 31-Dec-2049 2.73

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Picton Mahoney Fortified Special Situations Alternative Fund Class A

Median

Other - Alternative Credit Focus

3 Yr Annualized

Standard Deviation 3.82% - -
Beta 0.21% - -
Alpha 0.03% - -
Rsquared 0.15% - -
Sharpe 0.01% - -
Sortino 0.17% - -
Treynor 0.00% - -
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 2.05% 3.82% - -
Beta 0.20% 0.21% - -
Alpha 0.09% 0.03% - -
Rsquared 0.47% 0.15% - -
Sharpe 2.96% 0.01% - -
Sortino - 0.17% - -
Treynor 0.30% 0.00% - -
Tax Efficiency 85.82% - - -

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) $282

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) -

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