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Picton Mahoney Arbitrage Plus Fund Class A

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Alternative Market Neutrl

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(04-30-2025) 		$12.92
Change -

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 20…$10,000$20,000$12,500$15,000$17,500$9,500$10,500$11,000$11,500Period

Legend

Picton Mahoney Arbitrage Plus Fund Class A

Compare Options

Fund Returns

Inception Return (February 28, 2017): 8.11%

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 0.72% 1.82% 2.65% 2.26% 4.74% 4.29% 3.21% 2.37% 10.76% 9.24% 8.95% 8.06% - -
Benchmark -0.10% -2.00% 4.34% 1.41% 17.85% 13.20% 9.57% 10.07% 14.37% 10.31% 10.21% 9.29% 9.91% 8.27%
Category Average 0.79% 0.50% 2.23% 1.02% 6.54% 6.61% 4.46% 1.41% 2.24% 1.05% - - - -
Category Rank 9 / 19 7 / 19 8 / 19 6 / 19 10 / 19 10 / 19 11 / 19 13 / 19 2 / 19 2 / 19 2 / 18 2 / 18 - -
Quartile Ranking 2 2 2 2 3 3 3 3 1 1 1 1 - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 0.60% 0.11% 0.60% 0.20% 0.31% 0.19% 0.22% 0.16% 0.43% 0.49% 0.60% 0.72%
Benchmark 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10%

Best Monthly Return Since Inception

11.21% (December 2020)

Worst Monthly Return Since Inception

-5.62% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - 5.82% 5.43% 36.62% 9.66% 0.73% 2.75% 3.63%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average - - - - - -3.57% -6.24% -1.79% 4.02% 9.41%
Quartile Ranking - - - 1 2 1 2 3 3 4
Category Rank - - - 2/ 18 8/ 19 2/ 19 5/ 19 12/ 19 12/ 19 15/ 19

Best Calendar Return (Last 10 years)

36.62% (2020)

Worst Calendar Return (Last 10 years)

0.73% (2022)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910111213141516-5%0%5%10%15%

Picton Mahoney Arbitrage Plus Fund Class A

Median

Other - Alternative Market Neutrl

3 Yr Annualized

Standard Deviation 2.06% 8.75% -
Beta 0.05% 0.16% -
Alpha 0.03% 0.08% -
Rsquared 0.12% 0.05% -
Sharpe -0.36% 0.94% -
Sortino 0.12% 2.63% -
Treynor -0.14% 0.51% -
Tax Efficiency 92.12% 80.15% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.73% 2.06% 8.75% -
Beta 0.01% 0.05% 0.16% -
Alpha 0.04% 0.03% 0.08% -
Rsquared 0.02% 0.12% 0.05% -
Sharpe 1.25% -0.36% 0.94% -
Sortino 8.91% 0.12% 2.63% -
Treynor 0.87% -0.14% 0.51% -
Tax Efficiency 84.15% 92.12% 80.15% -

Fund Details

Start Date February 28, 2017
Instrument Type Exempt Product (Hedge Fund)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $135

Fund Codes

FundServ Code Load Code Sales Status
PIC1900

Investment Objectives

The Fund was formed on February 27, 2017 for the purpose of investing in securities in Canada, the United States and in other foreign jurisdictions. The principal investment objective of the Fund is to generate consistent, positive returns, with low volatility and low correlation to equity markets.

Investment Strategy

The Fund utilizes leverage to enhance returns and intends to gain 200% exposure to the Picton Mahoney Arbitrage Fund, net of borrowing and/or dealer costs. The underlying fund primarily employs arbitrage strategies, which are specialized investment techniques designed to profit from the successful completion of mergers, take-overs, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations.

Portfolio Management

Portfolio Manager

Picton Mahoney Asset Management

  • Tom Savage
  • Craig Chilton
Sub-Advisor

-

Management and Organization

Fund Manager

Picton Mahoney Asset Management
Custodian

CIBC Mellon Trust Company
Registrar

-
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 0

Fees

MER 4.14%
Management Fee 2.00%
Load Back Fee Only
FE Max 2.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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