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Picton Mahoney Fortified Income Fund Class A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

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NAVPS
(01-22-2025)
$10.07
Change
$0.00 (0.02%)

As at December 31, 2024

As at November 30, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
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Legend

Picton Mahoney Fortified Income Fund Class A

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Fund Returns

Inception Return (November 02, 2015): 4.39%

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 0.27% 1.07% 3.84% 7.35% 7.35% 6.61% 2.22% 2.21% 3.09% 3.47% 2.56% 3.24% 4.61% -
Benchmark 2.08% 5.25% 9.99% 17.23% 17.23% 13.74% 6.39% 4.89% 5.14% 5.61% 5.57% 5.24% 5.84% 6.72%
Category Average -0.34% 0.42% 4.45% 7.12% 7.12% 7.85% 1.54% 1.95% 2.63% 3.74% 2.80% 3.12% 3.82% 3.15%
Category Rank 77 / 303 141 / 303 254 / 302 174 / 301 174 / 301 269 / 295 139 / 286 176 / 277 138 / 272 200 / 262 179 / 237 131 / 226 90 / 198 -
Quartile Ranking 2 2 4 3 3 4 2 3 3 4 4 3 2 -

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.4835 to 2.9503.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.69% 0.13% 0.85% 0.00% 1.11% 0.57% 1.04% 0.79% 0.89% 0.25% 0.55% 0.27%
Benchmark 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08%

Best Monthly Return Since Inception

3.01% (March 2016)

Worst Monthly Return Since Inception

-4.94% (March 2020)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -6.922492 to 17.230188.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - 16.28% 8.12% -2.72% 5.37% 6.71% 2.18% -6.03% 5.88% 7.35%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking - 1 1 3 4 1 4 1 4 3
Category Rank - 32/ 198 15/ 226 133/ 237 236/ 262 62/ 272 221/ 277 41/ 286 268/ 295 174/ 301

Best Calendar Return (Last 10 years)

16.28% (2016)

Worst Calendar Return (Last 10 years)

-6.03% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 47.96
Foreign Corporate Bonds 30.25
Cash and Equivalents 15.21
Canadian Equity 4.41
Canadian Bonds - Other 1.35
Other 0.82

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 79.09
Cash and Cash Equivalent 15.21
Energy 2.71
Financial Services 1.10
Basic Materials 0.61
Other 1.28

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.39
Europe 0.94
Latin America 0.21
Other 1.46

Top Holdings

Top Holdings
Name Percent
USD Currency 6.79
CAD Currency 2.69
Prime Healthcare Services Inc 9.38% 01-Sep-2029 2.45
Chemtrade Logistics Inc 6.38% 28-Aug-2029 2.28
ATS Corp 6.50% 21-Aug-2032 2.05
Parkland Corp 4.38% 26-Mar-2029 1.74
Toronto-Dominion Bank 7.23% PERP 1.59
Mattr Corp 7.25% 02-Apr-2031 1.53
Secure Energy Services Inc 6.75% 22-Mar-2029 1.50
MANITOULIN USD 13.29% 10-Nov-2027 1.46

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 0.6551 to 13.5181.
The chart has 1 Y axis displaying Return. Data ranges from -4.485139 to 10.324205.
End of interactive chart.

Picton Mahoney Fortified Income Fund Class A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 3.61% 4.01% -
Beta 0.36% 0.37% -
Alpha 0.00% 0.01% -
Rsquared 0.47% 0.45% -
Sharpe -0.38% 0.20% -
Sortino -0.28% 0.04% -
Treynor -0.04% 0.02% -
Tax Efficiency 10.51% 44.83% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.26% 3.61% 4.01% -
Beta -0.05% 0.36% 0.37% -
Alpha 0.08% 0.00% 0.01% -
Rsquared 0.02% 0.47% 0.45% -
Sharpe 2.18% -0.38% 0.20% -
Sortino 14.90% -0.28% 0.04% -
Treynor -0.53% -0.04% 0.02% -
Tax Efficiency 71.34% 10.51% 44.83% -

Fund Details

Start Date November 02, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $833

Fund Codes

FundServ Code Load Code Sales Status
PIC8500

Investment Objectives

The investment objective of the Picton Mahoney Fortified Income Fund (the “Fund”) is to maximize total return to unitholders through income and capital appreciation by investing primarily in global income securities while mitigating capital loss by engaging in hedging strategies for downside risk protection. The fundamental investment objective of the Fund will not change without the consent of a majority of the voting unitholders of the Fund.

Investment Strategy

To achieve the investment objective, the Fund invests in an actively managed portfolio composed primarily of global corporate debt securities. The Fund may also invest in government bonds, loans, and convertible bonds. The Fund may invest no more than 25% of its portfolio in preferred shares and equities, such as ETFs and other mutual funds, including mutual funds managed by the Portfolio Advisor.

Portfolio Manager(s)

Name Start Date
Picton Mahoney Asset Management 10-29-2015

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 Yes
SWP Min Balance 500
SWP Min Withdrawal 500

Fees

MER 2.32%
Management Fee 1.90%
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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