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PERFORMANCE SOLUTIONS TOOLS RESOURCES DOCUMENTATION ABOUT US

Overview

Daily NAV
$13.70
0.12% $0.02
September 30, 2022
  • Inception Date
    July 12, 2019
  • Fund Size
    $59.67MM
  • Management Fee
    0.95%
  • Performance Fee
    20.00% ^
  • Fund Strategy
    130/30 Alpha Extension Equity
  • Fund Framework
    Alternative Mutual Fund (Simplified Prospectus)

Risk: Medium

Low
Low To Moderate
Moderate
Moderate To High
High

^ of performance above the benchmark

Investment Objective

The investment objective of the Fund is to offer investors consistent long-term capital appreciation with an attractive risk-adjusted rate of return with similar volatility to the traditional equity market. The investment strategy of the Fund is to employ a long/short equity strategy that targets a net long equity exposure of 100% of Fund assets, investing 130% of assets long while selling 30% of assets short. This approach aims to achieve, over time, 160% gross equity exposure, increasing the opportunity set to generate alpha while maintaining a market exposure similar to the traditional equity market.

Why Invest

Extend the Opportunity for Alpha
With a Fund that seeks to increase return potential while experiencing similar volatility to the traditional equity market.
Benefit From Proven Management
With experience running Authentic Hedge® strategies for over a decade.
Add Hedging Tools
To enhance traditional long only equity portfolios.

Performance As at August 31, 2022

Growth of $10,000

Investment value: $14,373.19 at August 31, 2022

Compound Returns

1 mth 3 mths 6 mths YTD 1 yr 3 yrs * 5 yrs * 10 yrs * Since Inception *
Picton Mahoney Fortified Active Extension Alternative Fund ETF -1.11% -3.99% -5.84% -9.37% -6.79% 12.34% 12.26%
Series Picton Mahoney Fortified Active Extension Alternative Fund ETF
1 mth -1.11%
3 mths -3.99%
6 mths -5.84%
YTD -9.37%
1 yr -6.79%
3 yrs * 12.34%
5 yrs *
10 yrs *
Since Inception * 12.26%

The rate of return shown above is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund, or returns on investment in the investment fund.

* refers to average annualized performance.

Calendar Returns

2020 2021
Picton Mahoney Fortified Active Extension Alternative Fund ETF 21.29% 25.60%
Series Picton Mahoney Fortified Active Extension Alternative Fund ETF
2020 21.29%
2021 25.60%

Risk Measures

Risk And Return Statistics Fund Benchmark **
Annualized Return 12.26% 8.37%
Annualized Standard Deviation 20.49% 16.95%
Sharpe Ratio 0.66 0.55
Beta 1.18
Upside Capture Ratio 126.09%
Downside Capture Ratio 115.42%
Maximum Drawdown -39.42% -37.20%
Peak Value Date of Maximum Drawdown 2020-02-14 2020-02-20
Trough Value Date of Maximum Drawdown 2020-03-23 2020-03-23

**S&P/TSX Composite TR Index

Portfolio Allocations As at August 31, 2022

Sector Allocation

Geographic Allocation (Gross)

Exposure Breakout ±±

Name Weight
Long 134.62%
Short -39.95%
Gross 174.57%
Net 94.67%

±± Exposure Breakout categories are shown as market values, except where indicated. Notional represents the total underlying notional exposure of the derivatives positions.

Fees

Series Management Fee Fund codes
Class A 1.95% PIC 3000
Class F 0.95% PIC 3001
ETF 0.95% PFAE

Historical Net Asset Values

Start Date

End Date

Effective Date Net Asset Value Distributions
2022-09-30 $13.70
2022-09-29 $13.68
2022-09-28 $13.82
2022-09-27 $13.52
2022-09-26 $13.50
2022-09-23 $13.61
2022-09-22 $13.94
2022-09-21 $14.13
2022-09-20 $14.27
2022-09-19 $14.41
2022-09-16 $14.32
2022-09-15 $14.50
2022-09-14 $14.60
2022-09-13 $14.54
2022-09-12 $14.78
2022-09-09 $14.62
2022-09-08 $14.38
2022-09-07 $14.19
2022-09-06 $14.08
2022-09-02 $14.15
2022-09-01 $14.08
2022-08-31 $14.24
2022-08-30 $14.34
2022-08-29 $14.53
2022-08-26 $14.58
2022-08-25 $14.82
2022-08-24 $14.74
2022-08-23 $14.71
2022-08-22 $14.66
2022-08-19 $14.76
2022-08-18 $14.88
2022-08-17 $14.81
2022-08-16 $14.87
2022-08-15 $14.83
2022-08-12 $14.84
2022-08-11 $14.69
2022-08-10 $14.61
2022-08-09 $14.37
2022-08-08 $14.43
2022-08-05 $14.40
2022-08-04 $14.32
2022-08-03 $14.25
2022-08-02 $14.27
2022-07-29 $14.40
2022-07-28 $14.21
2022-07-27 $14.00
2022-07-26 $13.75
2022-07-25 $13.88
2022-07-22 $13.80
2022-07-21 $13.87
2022-07-20 $13.81
2022-07-19 $13.71
2022-07-18 $13.45
2022-07-15 $13.32
2022-07-14 $13.19
2022-07-13 $13.38
2022-07-12 $13.45
2022-07-11 $13.60
2022-07-08 $13.79
2022-07-07 $13.85
2022-07-06 $13.51
2022-07-05 $13.54
2022-07-04 $13.65
2022-06-30 $13.52
2022-06-29 $13.66
2022-06-28 $13.78
2022-06-27 $13.86
2022-06-24 $13.74
2022-06-23 $13.38
2022-06-22 $13.55
2022-06-21 $13.73
2022-06-20 $13.63
2022-06-17 $13.46
2022-06-16 $13.48
2022-06-15 $13.98
2022-06-14 $13.90
2022-06-13 $14.01
2022-06-10 $14.47
2022-06-09 $14.74
2022-06-08 $14.91
2022-06-07 $15.07
2022-06-06 $14.93
2022-06-03 $14.91
2022-06-02 $15.11
2022-06-01 $14.80
2022-05-31 $14.83
2022-05-30 $14.95
2022-05-27 $14.82
2022-05-26 $14.64
2022-05-25 $14.43
2022-05-24 $14.71
2022-05-20 $14.39
2022-05-19 $14.36
2022-05-18 $14.26
2022-05-17 $14.61
2022-05-16 $14.37
2022-05-13 $14.29
2022-05-12 $13.85
2022-05-11 $13.96
2022-05-10 $14.03
2022-05-09 $14.07
2022-05-06 $14.65
2022-05-05 $14.70
2022-05-04 $15.15
2022-05-03 $14.89
2022-05-02 $14.79
2022-04-29 $14.87
2022-04-28 $15.14
2022-04-27 $14.82
2022-04-26 $14.75
2022-04-25 $15.08
2022-04-22 $15.10
2022-04-21 $15.46
2022-04-20 $15.78
2022-04-19 $15.77
2022-04-18 $15.63
2022-04-14 $15.59
2022-04-13 $15.62
2022-04-12 $15.46
2022-04-11 $15.50
2022-04-08 $15.62
2022-04-07 $15.59
2022-04-06 $15.53
2022-04-05 $15.69
2022-04-04 $15.86
2022-04-01 $15.80
2022-03-31 $15.77
2022-03-30 $15.85
2022-03-29 $15.87
2022-03-28 $15.76
2022-03-25 $15.78
2022-03-24 $15.78
2022-03-23 $15.73
2022-03-22 $15.92
2022-03-21 $15.83
2022-03-18 $15.78
2022-03-17 $15.67
2022-03-16 $15.45
2022-03-15 $15.09
2022-03-14 $14.93
2022-03-11 $15.23
2022-03-10 $15.30
2022-03-09 $15.27
2022-03-08 $14.98
2022-03-07 $14.92
2022-03-04 $15.16
2022-03-03 $15.15
2022-03-02 $15.16
2022-03-01 $14.94
2022-02-28 $15.12
2022-02-25 $15.10
2022-02-24 $14.85
2022-02-23 $14.73
2022-02-22 $14.89
2022-02-18 $14.95
2022-02-17 $15.09
2022-02-16 $15.33
2022-02-15 $15.45
2022-02-14 $15.27
2022-02-11 $15.43
2022-02-10 $15.63
2022-02-09 $15.68
2022-02-08 $15.43
2022-02-07 $15.30
2022-02-04 $15.32
2022-02-03 $15.15
2022-02-02 $15.42
2022-02-01 $15.40
2022-01-31 $15.18
2022-01-28 $14.85
2022-01-27 $14.64
2022-01-26 $14.71
2022-01-25 $14.69
2022-01-24 $14.78
2022-01-21 $14.80
2022-01-20 $15.20
2022-01-19 $15.30
2022-01-18 $15.34
2022-01-17 $15.58
2022-01-14 $15.47
2022-01-13 $15.47
2022-01-12 $15.61
2022-01-11 $15.55
2022-01-10 $15.30
2022-01-07 $15.37
2022-01-06 $15.42
2022-01-05 $15.41
2022-01-04 $15.68
2021-12-31 $15.71
2021-12-30 $15.73
2021-12-29 $15.75
2021-12-24 $15.62
2021-12-23 $15.61
2021-12-22 $15.48
2021-12-21 $15.29
2021-12-20 $14.92
2021-12-17 $15.07
2021-12-16 $15.04
2021-12-15 $15.12
2021-12-14 $14.98
2021-12-13 $15.09
2021-12-10 $15.22
2021-12-09 $15.26
2021-12-08 $15.39
2021-12-07 $15.54
2021-12-06 $15.25
2021-12-03 $15.03
2021-12-02 $15.18
2021-12-01 $14.96
2021-11-30 $15.18
2021-11-29 $15.55
2021-11-26 $15.51
2021-11-25 $15.89
2021-11-24 $15.84
2021-11-23 $15.74
2021-11-22 $15.77
2021-11-19 $15.93
2021-11-18 $15.96
2021-11-17 $15.99
2021-11-16 $16.05
2021-11-15 $16.03
2021-11-12 $16.10
2021-11-11 $15.96
2021-11-10 $15.86
2021-11-09 $16.04
2021-11-08 $16.05
2021-11-05 $15.93
2021-11-04 $15.89
2021-11-03 $15.81
2021-11-02 $15.75
2021-11-01 $15.80
2021-10-29 $15.70
2021-10-28 $15.77
2021-10-27 $15.59
2021-10-26 $15.79
2021-10-25 $15.85
2021-10-22 $15.81
2021-10-21 $15.76
2021-10-20 $15.72
2021-10-19 $15.61
2021-10-18 $15.56
2021-10-15 $15.53
2021-10-14 $15.44
2021-10-13 $15.26
2021-10-12 $15.12
2021-10-08 $15.12
2021-10-07 $15.16
2021-10-06 $14.91
2021-10-05 $14.91
2021-10-04 $14.76

Portfolio Management

David Picton

President, CEO and Portfolio Manager, Canadian Equities

Jeffrey Bradacs, CFA

Portfolio Manager, Canadian Equities