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Alternative Credit Focus
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|
NAVPS (04-04-2025) |
$9.23 |
|---|---|
| Change |
$0.02
(0.24%)
|
As at February 28, 2025
As at January 31, 2025
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Inception Return (July 13, 2021): 3.16%
| 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% | 1.46% | 3.54% | 1.10% | 7.53% | 6.78% | 4.43% | - | - | - | - | - | - | - |
| Benchmark | 1.14% | 1.75% | 4.04% | 2.28% | 8.37% | 5.98% | 1.44% | 0.48% | 0.36% | 1.85% | 2.11% | 1.97% | 1.94% | 1.72% |
| Category Average | 0.55% | 1.42% | 3.80% | 1.21% | 8.09% | 7.22% | 4.56% | 3.40% | 4.32% | - | - | - | - | - |
| Category Rank | 51 / 135 | 68 / 134 | 56 / 123 | 75 / 135 | 56 / 113 | 58 / 108 | 38 / 93 | - | - | - | - | - | - | - |
| Quartile Ranking | 2 | 3 | 2 | 3 | 2 | 3 | 2 | - | - | - | - | - | - | - |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.66% | 0.17% | 0.98% | 0.56% | 0.71% | 0.72% | 0.96% | 0.47% | 0.60% | 0.36% | 0.46% | 0.63% |
| Benchmark | 0.48% | -1.95% | 0.00% | 2.98% | 2.14% | 0.52% | 1.82% | -1.07% | 1.51% | -0.52% | 1.13% | 1.14% |
2.43% (November 2023)
-2.19% (May 2022)
| 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/ 113 |
8.02% (2024)
-2.54% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 82.90 |
| Foreign Corporate Bonds | 29.87 |
| Canadian Equity | 7.54 |
| US Equity | 1.75 |
| Foreign Government Bonds | 0.44 |
| Other | -22.50 |
| Name | Percent |
|---|---|
| Fixed Income | 107.66 |
| Energy | 3.99 |
| Telecommunications | 2.85 |
| Financial Services | 1.41 |
| Basic Materials | 1.11 |
| Other | -17.02 |
| Name | Percent |
|---|---|
| North America | 96.59 |
| Europe | 2.09 |
| Latin America | 0.25 |
| Other | 1.07 |
| Name | Percent |
|---|---|
| Getty Images Inc 9.75% 01-Mar-2027 | 3.54 |
| Prime Healthcare Services Inc 9.38% 01-Sep-2029 | 3.47 |
| Blue Racer Midstream LLC 7.25% 15-Jul-2032 | 2.78 |
| iA Financial Corp Inc 6.92% 30-Sep-2084 | 2.60 |
| AutoCanada Inc 5.75% 07-Feb-2029 | 2.53 |
| Toronto-Dominion Bank 5.91% 01-Jan-2030 | 2.51 |
| Inter Pipeline Ltd 6.75% 12-Sep-2034 | 2.48 |
| Northriver Midstream Fince LP 6.75% 15-Jul-2032 | 2.47 |
| Granville USD Ltd 10.79% 15-Feb-2030 | 2.29 |
| Enbridge Inc 5.00% 19-Oct-2031 | 2.22 |
Picton Mahoney Fortified Special Situations Alternative Fund Class A
Median
Other - Alternative Credit Focus
| Standard Deviation | 3.67% | - | - |
|---|---|---|---|
| Beta | 0.24% | - | - |
| Alpha | 0.04% | - | - |
| Rsquared | 0.19% | - | - |
| Sharpe | 0.17% | - | - |
| Sortino | 0.55% | - | - |
| Treynor | 0.03% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.80% | 3.67% | - | - |
| Beta | 0.08% | 0.24% | - | - |
| Alpha | 0.07% | 0.04% | - | - |
| Rsquared | 0.25% | 0.19% | - | - |
| Sharpe | 4.02% | 0.17% | - | - |
| Sortino | - | 0.55% | - | - |
| Treynor | 0.39% | 0.03% | - | - |
| Tax Efficiency | 83.43% | - | - | - |
| 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) | $406 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3550 |
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
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 |
Picton Mahoney Asset Management |
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Picton Mahoney Asset Management |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
RBC Investor Services Trust (Canada) |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| 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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