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PICTON Multi-Strategy Alpha Alternative Fund Class A
Alternative Multi-Stratgy
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FundGrade B
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FundGrade A+® Rating Recipient
2025
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|
NAVPS (10-28-2026) |
$11.37 |
|---|---|
| Change |
$0.00
(-0.02%)
|
As at September 30, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (May 03, 2022): 5.04%
| 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 | -0.15% | -1.43% | 0.33% | -0.49% | 0.27% | 3.47% | 5.53% | 5.44% | - | - | - | - | - | - |
| Benchmark | -2.62% | 1.62% | 8.69% | 12.96% | 20.02% | 24.24% | 25.06% | 20.99% | 15.18% | 17.23% | 14.59% | 13.62% | 12.74% | 12.37% |
| Category Average | -0.95% | 0.10% | 4.28% | 5.58% | 8.31% | 6.82% | 7.77% | 6.49% | 4.01% | 4.87% | 4.35% | - | - | - |
| Category Rank | 42 / 143 | 97 / 141 | 102 / 128 | 117 / 127 | 108 / 112 | 70 / 95 | 57 / 80 | 42 / 59 | - | - | - | - | - | - |
| Quartile Ranking | 2 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | - | - | - | - | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.33% | 0.21% | 0.22% | 0.12% | -0.24% | -0.70% | -0.25% | 1.42% | 0.61% | -1.06% | -0.23% | -0.15% |
| Benchmark | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% | 0.50% | 1.22% | 3.10% | -2.62% |
Best Monthly Return Since Inception
2.04% (January 2024)
Worst Monthly Return Since Inception
-1.48% (May 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 4.33% | 12.39% | 4.73% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 4.04% | 6.86% | -5.49% | 4.47% | 5.04% | 9.01% |
| Quartile Ranking | - | - | - | - | - | - | - | 3 | 1 | 3 |
| Category Rank | - | - | - | - | - | - | - | 37/ 68 | 20/ 83 | 65/ 101 |
Best Calendar Return (Last 10 years)
12.39% (2024)
Worst Calendar Return (Last 10 years)
4.33% (2023)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 52.36 |
| Canadian Equity | 23.54 |
| Foreign Corporate Bonds | 18.25 |
| International Equity | 11.48 |
| US Equity | 11.05 |
| Other | -16.68 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 60.97 |
| Financial Services | 9.53 |
| Technology | 6.74 |
| Healthcare | 3.56 |
| Basic Materials | 2.95 |
| Other | 16.25 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 85.61 |
| Latin America | 1.80 |
| Multi-National | 0.05 |
| Africa and Middle East | -0.01 |
| Asia | -0.40 |
| Other | 12.95 |
Top Holdings
| Name | Percent |
|---|---|
| PICTON Arbitrage Plus Alternative Fund Class A | 16.96 |
| Royal Bank of Canada | 3.00 |
| Toronto-Dominion Bank | 2.12 |
| Shopify Inc Cl A | 1.79 |
| NVIDIA Corp | 1.41 |
| Bank of Nova Scotia | 1.27 |
| Rogers Communications Inc 6.25% 31-Jul-2056 | 1.26 |
| Rocket Cos Inc 7.13% 01-Feb-2032 | 1.20 |
| Microsoft Corp | 1.14 |
| Invesco S&P 500 Low Volatility ETF (SPLV) | 1.10 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PICTON Multi-Strategy Alpha Alternative Fund Class A
Median
Other - Alternative Multi-Stratgy
3 Yr Annualized
| Standard Deviation | 2.32% | - | - |
|---|---|---|---|
| Beta | 0.07 | - | - |
| Alpha | 0.04 | - | - |
| Rsquared | 0.10% | - | - |
| Sharpe | 0.92 | - | - |
| Sortino | 1.77 | - | - |
| Treynor | 0.31 | - | - |
| Tax Efficiency | 87.97% | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.19% | 2.32% | - | - |
| Beta | 0.03 | 0.07 | - | - |
| Alpha | 0.00 | 0.04 | - | - |
| Rsquared | 0.03% | 0.10% | - | - |
| Sharpe | -0.88 | 0.92 | - | - |
| Sortino | -1.44 | 1.77 | - | - |
| Treynor | -0.58 | 0.31 | - | - |
| Tax Efficiency | - | 87.97% | - | - |
Fund Details
| Start Date | May 03, 2022 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,830 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3350 | FE | Open |
Investment Objectives
The investment objective of the Fund is to provide consistent long-term capital appreciation to unitholders with an attractive risk-adjusted rate of return.
Investment Strategy
The strategy is expected to combine the firm’s best ideas by deploying the investment expertise of the firm’s investment teams including the equity, fixed income, arbitrage and quantitative teams. The low correlation among these components to equity markets will aim to enhance risk-adjusted returns. The investment strategy of the Fund is global in nature and will have exposure to international markets, including emerging markets.
Portfolio Management
| Portfolio Manager |
PICTON Investments |
|---|---|
| Sub-Advisor |
SMA Capital LLC
|
Management and Organization
| Fund Manager |
PICTON Investments |
|---|---|
| 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 | 3.19% |
|---|---|
| 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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