Fund Detail - Fund Library

NAVPS (05-02-2025)	$11.57
Change	-$0.01 (-0.07%)

Growth of $10,000 (As at 03-31-2025)
NAVPS

Period

Legend

Picton Mahoney Fortified Alpha Alternative Fund Class A

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Fund Returns

Inception Return (May 03, 2022): 6.50%

Fund Returns
Row Heading	Return				Annualized Return
Row Heading	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	-0.05%	0.77%	3.54%	0.77%	9.04%	8.41%	-	-	-	-	-	-	-	-
Benchmark	-1.51%	1.51%	5.33%	1.51%	15.81%	14.88%	7.77%	10.75%	16.76%	10.91%	10.51%	9.37%	10.36%	8.54%
Category Average	-0.88%	0.33%	-0.54%	0.33%	1.94%	4.35%	2.12%	2.25%	4.60%	-	-	-	-	-
Category Rank	32 / 110	53 / 102	22 / 96	53 / 102	17 / 89	24 / 75	-	-	-	-	-	-	-	-
Quartile Ranking	2	3	1	3	1	2	-	-	-	-	-	-	-	-

Monthly Return

Monthly Return
Return %	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
Fund	0.60%	1.18%	0.71%	1.01%	0.82%	0.88%	1.14%	0.84%	0.74%	0.31%	0.51%	-0.05%
Benchmark	-1.82%	2.77%	-1.42%	5.87%	1.22%	3.15%	0.85%	6.37%	-3.27%	3.48%	-0.40%	-1.51%

Best Monthly Return Since Inception

2.04% (January 2024)

Worst Monthly Return Since Inception

-1.48% (May 2022)

Calendar Return (%)

Calendar Return
Return %	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	-	-	-	-	-	-	-	-	4.33%	12.39%
Benchmark	-8.32%	21.08%	9.10%	-8.89%	22.88%	5.60%	25.09%	-5.84%	11.75%	21.65%
Category Average	-	-	-	-	-	4.04%	6.86%	-5.49%	4.47%	5.04%
Quartile Ranking	-	-	-	-	-	-	-	-	3	1
Category Rank	-	-	-	-	-	-	-	-	41/ 75	17/ 84

Best Calendar Return (Last 10 years)

12.39% (2024)

Worst Calendar Return (Last 10 years)

4.33% (2023)

Asset Allocation

Asset Allocation
Name	Percent
Canadian Corporate Bonds	42.83
Cash and Equivalents	21.64
Canadian Equity	12.81
Foreign Corporate Bonds	8.43
Income Trust Units	0.92
Other	13.37

Sector Allocation

Sector Allocation
Name	Percent
Fixed Income	41.38
Mutual Fund	27.94
Cash and Cash Equivalent	21.64
Financial Services	3.10
Energy	2.43
Other	3.51

Geographic Allocation

Geographic Allocation
Name	Percent
North America	98.98
Europe	0.85
Latin America	0.21
Multi-National	0.11
Africa and Middle East	-0.06
Other	-0.09

Top Holdings

Top Holdings
Name	Percent
Picton Mahoney Fortified Arbitrage Plus Alter Fd A	27.79
CAD Currency	8.47
Canada Government 27-Mar-2025	2.11
Canada Government 24-Apr-2025	2.10
Canada Government 22-May-2025	2.10
Enbridge Inc 6.10% 09-Aug-2032	1.39
Shopify Inc Cl A	1.19
Toronto-Dominion Bank 3.11% 22-Apr-2025	1.13
Canadian Pacific Kansas City Ltd	1.12
Royal Bank of Canada 4.50% 24-Oct-2025	1.11

Equity Style

Fixed Income Style

Average Duration: S. Average Credit Quality: M.

Risk vs Return (3 Yr)

No data available

3 Yr Annualized

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

Risk Rating

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio	1 Yr	3 Yr	5 Yr	10 Yr
Standard Deviation	1.21%	-	-	-
Beta	0.04%	-	-	-
Alpha	0.08%	-	-	-
Rsquared	0.15%	-	-	-
Sharpe	3.95%	-	-	-
Sortino	-	-	-	-
Treynor	1.08%	-	-	-
Tax Efficiency	97.44%	-	-	-

No data available

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)	$883

Fund Codes

FundServ Code	Load Code	Sales Status
PIC3350

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 Mahoney Asset Management
Sub-Advisor	-

Management and Organization

Fund Manager	Picton Mahoney Asset Management
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	5.00%
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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