Overview

Daily NAV
$10.30
0.10% $0.01
December 8, 2023
  • Inception Date
    May 3, 2022
  • Fund Size
    $261.11MM
  • Management Fee
    1.95%
  • Performance Fee
    20.00% ^
  • Hurdle Rate
    2.00%
  • High Water Mark
    Yes
  • Fund Strategy
    Multi-Asset Strategy
  • Fund Framework
    Alternative Mutual Fund (Simplified Prospectus)

Risk: Low to Medium

Low
Low To Moderate
Moderate
Moderate To High
High

^ of performance above a 2% hurdle rate with a perpetual high water mark

Investment Objective

The strategy is expected to combine the firm’s best ideas by deploying the investment expertise of the equity, fixed income, arbitrage and quantitative teams. The low correlation among these components to equity markets will aim to enhance risk-adjusted returns.

Why Invest

Access Diverse Alternative Investment Strategies
The Fund will seek to deliver exposure to a variety of Fortified Alternative fund strategies that have historically been uncorrelated to traditional equity and fixed-income investments.
Benefit From Proven Managers
With experience running Authentic Hedge® strategies for over a decade.
Mitigate Risk and Manage Liquidity
That aim to source its alpha from factors that do not compound portfolio risks (such as equity and interest rate risks). The Fund will also allow for ample liquidity.

Performance As at November 30, 2023

Growth of $10,000

Investment value: $10,570.74 at November 30, 2023

Compound Returns

1 mth 3 mths 6 mths YTD 1 yr 3 yrs * 5 yrs * 10 yrs * Since Inception *
Picton Mahoney Fortified Alpha Alternative Fund A 1.24% 1.41% 2.54% 4.01% 4.90% 3.58%
Series Picton Mahoney Fortified Alpha Alternative Fund A
1 mth 1.24%
3 mths 1.41%
6 mths 2.54%
YTD 4.01%
1 yr 4.90%
3 yrs *
5 yrs *
10 yrs *
Since Inception * 3.58%

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.

Risk Measures

Risk And Return Statistics Fund Benchmark
Annualized Return 3.58% 1.22%
Annualized Standard Deviation 2.33% 16.67%
Sharpe Ratio 0.37 -0.05
Beta 0.05
Upside Capture Ratio 12.15%
Downside Capture Ratio -6.56%
Maximum Drawdown -2.22% -12.91%
Peak Value Date of Maximum Drawdown 2022-05-06 2022-05-09
Trough Value Date of Maximum Drawdown 2022-06-23 2022-07-14

Portfolio Allocations As at October 31, 2023

Dollar Allocation

Colours Name Weight
Market Neutral Strategy 50.70%
Arbitrage Strategy 35.60%
Special Situation Strategy 42.40%
Momentum 9.30%
Value 4.65%
Quality 4.65%
Discretionary Market Hedges 0.20%

Risk Allocation

Colours Name Weight
Market Neutral Strategy 2.40%
Arbitrage Strategy 2.69%
Special Situation Strategy 2.14%
Momentum 0.52%
Value 0.26%
Quality 0.26%
Discretionary Market Hedges 0.14%

Fees

Series Management Fee Fund codes
Class A 1.95% PIC 3350
ETF 0.95% PFAA
Class F 0.95% PIC 3351
Class FT 0.95% PIC 3353

Historical Net Asset Values

Start Date

End Date

Effective Date Net Asset Value Distributions
2023-12-08 $10.30
2023-12-07 $10.29
2023-12-06 $10.26
2023-12-05 $10.27
2023-12-04 $10.25
2023-12-01 $10.28
2023-11-30 $10.28
2023-11-29 $10.27
2023-11-28 $10.28
2023-11-27 $10.29
2023-11-24 $10.28
2023-11-23 $10.29
2023-11-22 $10.28 0.0100
2023-11-21 $10.28
2023-11-20 $10.28
2023-11-17 $10.27
2023-11-16 $10.28
2023-11-15 $10.27
2023-11-14 $10.29
2023-11-13 $10.27
2023-11-10 $10.28
2023-11-09 $10.27
2023-11-08 $10.27
2023-11-07 $10.26
2023-11-06 $10.23
2023-11-03 $10.24
2023-11-02 $10.21
2023-11-01 $10.19
2023-10-31 $10.16
2023-10-30 $10.15
2023-10-27 $10.19
2023-10-26 $10.18
2023-10-25 $10.20
2023-10-24 $10.21
2023-10-23 $10.22 0.0100
2023-10-20 $10.22
2023-10-19 $10.22
2023-10-18 $10.22
2023-10-17 $10.22
2023-10-16 $10.24
2023-10-13 $10.25
2023-10-12 $10.26
2023-10-11 $10.26
2023-10-10 $10.25
2023-10-06 $10.24
2023-10-05 $10.25
2023-10-04 $10.24
2023-10-03 $10.23
2023-10-02 $10.24
2023-09-29 $10.22
2023-09-28 $10.23
2023-09-27 $10.21
2023-09-26 $10.23
2023-09-25 $10.22
2023-09-22 $10.23
2023-09-21 $10.20 0.0142
2023-09-20 $10.21
2023-09-19 $10.19
2023-09-18 $10.21
2023-09-15 $10.21
2023-09-14 $10.21
2023-09-13 $10.21
2023-09-12 $10.21
2023-09-11 $10.20
2023-09-08 $10.20
2023-09-07 $10.22
2023-09-06 $10.22
2023-09-05 $10.20
2023-09-01 $10.20
2023-08-31 $10.17
2023-08-30 $10.16
2023-08-29 $10.16
2023-08-28 $10.15
2023-08-25 $10.13
2023-08-24 $10.12
2023-08-23 $10.13 0.0194
2023-08-22 $10.13
2023-08-21 $10.12
2023-08-18 $10.11
2023-08-17 $10.11
2023-08-16 $10.12
2023-08-15 $10.12
2023-08-14 $10.12
2023-08-11 $10.12
2023-08-10 $10.11
2023-08-09 $10.11
2023-08-08 $10.11
2023-08-04 $10.11
2023-08-03 $10.09
2023-08-02 $10.09
2023-08-01 $10.10
2023-07-31 $10.07
2023-07-28 $10.08
2023-07-27 $10.07
2023-07-26 $10.06
2023-07-25 $10.06
2023-07-24 $10.04
2023-07-21 $10.05 0.0206
2023-07-20 $10.07
2023-07-19 $10.08
2023-07-18 $10.09
2023-07-17 $10.10
2023-07-14 $10.10
2023-07-13 $10.08
2023-07-12 $10.08
2023-07-11 $10.08
2023-07-10 $10.10
2023-07-07 $10.09
2023-07-06 $10.10
2023-07-05 $10.08
2023-07-04 $10.09
2023-06-30 $10.11
2023-06-29 $10.09
2023-06-28 $10.10
2023-06-27 $10.09
2023-06-26 $10.09
2023-06-23 $10.09
2023-06-22 $10.09 0.0171
2023-06-21 $10.11
2023-06-20 $10.10
2023-06-19 $10.08
2023-06-16 $10.07
2023-06-15 $10.07
2023-06-14 $10.08
2023-06-13 $10.07
2023-06-12 $10.08
2023-06-09 $10.06
2023-06-08 $10.06
2023-06-07 $10.04
2023-06-06 $10.09
2023-06-05 $10.10
2023-06-02 $10.09
2023-06-01 $10.11
2023-05-31 $10.11
2023-05-30 $10.09
2023-05-29 $10.10
2023-05-26 $10.10
2023-05-25 $10.11
2023-05-24 $10.10
2023-05-23 $10.10 0.0191
2023-05-19 $10.14
2023-05-18 $10.14
2023-05-17 $10.13
2023-05-16 $10.15
2023-05-15 $10.16
2023-05-12 $10.16
2023-05-11 $10.14
2023-05-10 $10.14
2023-05-09 $10.13
2023-05-08 $10.11
2023-05-05 $10.11
2023-05-04 $10.14
2023-05-03 $10.16
2023-05-02 $10.17
2023-05-01 $10.16
2023-04-28 $10.15
2023-04-27 $10.16
2023-04-26 $10.17
2023-04-25 $10.16
2023-04-24 $10.16
2023-04-21 $10.15
2023-04-20 $10.13 0.0728
2023-04-19 $10.19
2023-04-18 $10.19
2023-04-17 $10.20
2023-04-14 $10.20
2023-04-13 $10.19
2023-04-12 $10.20
2023-04-11 $10.17
2023-04-10 $10.19
2023-04-06 $10.19
2023-04-05 $10.18
2023-04-04 $10.19
2023-04-03 $10.17
2023-03-31 $10.12
2023-03-30 $10.10
2023-03-29 $10.09
2023-03-28 $10.11
2023-03-27 $10.11
2023-03-24 $10.11
2023-03-23 $10.12
2023-03-22 $10.11
2023-03-21 $10.11
2023-03-20 $10.11
2023-03-17 $10.14
2023-03-16 $10.15
2023-03-15 $10.13
2023-03-14 $10.17
2023-03-13 $10.17
2023-03-10 $10.19
2023-03-09 $10.18
2023-03-08 $10.17
2023-03-07 $10.16
2023-03-06 $10.15
2023-03-03 $10.15
2023-03-02 $10.15
2023-03-01 $10.16
2023-02-28 $10.17
2023-02-27 $10.15
2023-02-24 $10.15
2023-02-23 $10.15
2023-02-22 $10.14
2023-02-21 $10.14
2023-02-17 $10.13
2023-02-16 $10.13
2023-02-15 $10.12
2023-02-14 $10.11
2023-02-13 $10.12
2023-02-10 $10.12
2023-02-09 $10.13
2023-02-08 $10.13
2023-02-07 $10.12
2023-02-06 $10.10
2023-02-03 $10.10
2023-02-02 $10.09
2023-02-01 $10.12
2023-01-31 $10.12
2023-01-30 $10.12
2023-01-27 $10.11
2023-01-26 $10.12
2023-01-25 $10.12
2023-01-24 $10.13
2023-01-23 $10.11
2023-01-20 $10.12
2023-01-19 $10.13
2023-01-18 $10.12
2023-01-17 $10.10
2023-01-16 $10.09
2023-01-13 $10.09
2023-01-12 $10.08
2023-01-11 $10.05
2023-01-10 $10.06
2023-01-09 $10.05
2023-01-06 $10.04
2023-01-05 $10.05
2023-01-04 $10.06
2023-01-03 $10.07
2022-12-30 $10.06
2022-12-29 $10.05
2022-12-28 $10.05
2022-12-23 $10.05
2022-12-22 $10.07 0.1012
2022-12-21 $10.18
2022-12-20 $10.16
2022-12-19 $10.16
2022-12-16 $10.19
2022-12-15 $10.19
2022-12-14 $10.20
2022-12-13 $10.19
2022-12-12 $10.18

Portfolio Management

Neil Simons

Portfolio Manager, Multi-Asset Strategies

Dashmeet Singh, CFA

Portfolio Manager & Director, Quantitative Research/Risk