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Alternative Credit Focus
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|
NAVPS (11-19-2024) |
$9.13 |
|---|---|
| Change |
-$0.01
(-0.08%)
|
As at October 31, 2024
As at September 30, 2024
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Inception Return (July 13, 2021): 2.84%
| 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 | 0.25% | 1.99% | 4.91% | 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 | - | - | - | - | - | - | - |
| 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% |
2.43% (November 2023)
-2.19% (May 2022)
| 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 |
6.53% (2023)
-2.54% (2022)
| 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 |
| Name | Percent |
|---|---|
| Fixed Income | 98.54 |
| Energy | 5.66 |
| Basic Materials | 2.11 |
| Financial Services | 1.85 |
| Utilities | 1.23 |
| Other | -9.39 |
| Name | Percent |
|---|---|
| North America | 96.93 |
| Europe | 1.20 |
| Latin America | 0.37 |
| Other | 1.50 |
| 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 |
Picton Mahoney Fortified Special Situations Alternative Fund Class A
Median
Other - Alternative Credit Focus
| 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 |
|
- | - |
| 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% | - | - | - |
| 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 |
| 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.
| Name | Start Date |
|---|---|
| Picton Mahoney Asset Management | 07-12-2021 |
| 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 |
| 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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