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Picton Mahoney Fortified Core Bond Fund Class A

Global Fixed Income

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

NAVPS
(12-13-2024)
$10.41
Change
-$0.01 (-0.12%)

As at November 30, 2024

As at October 31, 2024

Period
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Legend

Picton Mahoney Fortified Core Bond Fund Class A

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Fund Returns

Inception Return (November 03, 2022): 7.02%

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 1.08% 1.77% 5.24% 6.19% 8.76% 6.00% - - - - - - - -
Benchmark 0.95% 2.48% 7.46% 6.58% 8.13% 4.72% -1.40% -2.27% -0.71% 0.73% 0.67% 0.80% 1.16% 2.23%
Category Average 1.03% 0.79% 4.47% 3.63% 6.80% 4.30% -0.77% -0.95% 0.29% 1.39% 0.89% 1.20% 1.33% 1.41%
Category Rank 307 / 565 155 / 562 185 / 540 80 / 528 107 / 528 71 / 464 - - - - - - - -
Quartile Ranking 3 2 2 1 1 1 - - - - - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.42% -0.05% -0.13% 0.65% -0.96% 1.40% 0.93% 1.81% 0.64% 1.34% -0.65% 1.08%
Benchmark 1.46% 0.01% 0.00% 0.40% -1.24% 0.00% 1.16% 3.88% -0.22% 1.89% -0.37% 0.95%

Best Monthly Return Since Inception

3.24% (November 2023)

Worst Monthly Return Since Inception

-1.71% (September 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - 5.93%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - - - - - 2
Category Rank - - - - - - - - - 175/ 465

Best Calendar Return (Last 10 years)

5.93% (2023)

Worst Calendar Return (Last 10 years)

5.93% (2023)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 33.84
Canadian Corporate Bonds 32.98
Cash and Equivalents 17.17
Foreign Corporate Bonds 10.10
Foreign Government Bonds 3.79
Other 2.12

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 81.26
Cash and Cash Equivalent 17.16
Energy 0.88
Financial Services 0.59
Utilities 0.07
Other 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.01
Europe 0.98
Latin America 0.07
Other 0.94

Top Holdings

Top Holdings
Name Percent
CAD Currency 10.56
Canada Government 0.50% 01-Dec-2030 3.97
British Columbia Province 2.20% 18-Jun-2030 2.05
Ontario Province 1.75% 08-Sep-2025 2.02
Canada Government 3.00% 01-Jun-2034 2.01
Canada Government 1.50% 01-Dec-2031 1.95
Canada Government 0.25% 01-Mar-2026 1.83
Canada Government 2.75% 01-Jun-2033 1.71
Canada Government 1.75% 01-Dec-2053 1.56
New Brunswick Province 3.05% 14-Aug-2050 1.42

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.

Risk vs Return (3 Yr)

3 Yr Annualized

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

Risk Rating

Rating  out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 3.48% - - -
Beta 0.57% - - -
Alpha 0.04% - - -
Rsquared 0.57% - - -
Sharpe 1.14% - - -
Sortino 3.47% - - -
Treynor 0.07% - - -
Tax Efficiency 81.15% - - -

Fund Details

Start Date November 03, 2022
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $39

Fund Codes

FundServ Code Load Code Sales Status
PIC8520

Investment Objectives

The investment objective of the Picton Mahoney Fortified Core Bond Fund (the “Fund”) is to preserve capital while maximizing total return to unitholders (“Unitholders”) predominantly through income, supplemented with capital appreciation. The Fund invests primarily in a well-diversified portfolio of North American fixed-income securities and engages in hedging strategies for volatility management and risk mitigation.

Investment Strategy

The Fund will be constructed using the Manager’s proprietary portfolio construction and risk analysis framework and to create an efficient portfolio with a total volatility level that is consistent with its benchmark. To achieve the investment objective, the Fund invests in an actively managed portfolio composed primarily of investment-grade government and corporate bonds of Canadian and U.S. issuers.

Portfolio Manager(s)

Name Start Date
Picton Mahoney Asset Management 11-01-2022

Management and Organization

Fund Manager Picton Mahoney Asset Management
Advisor Picton Mahoney Asset Management
Custodian RBC Investor Services Trust
Registrar RBC Investor Services Trust
Distributor -
Auditor PricewaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.81%
Management Fee 1.30%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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