Overview

Daily NAV
$10.91
0.06% $0.01
April 18, 2024
  • Inception Date
    May 3, 2022
  • Fund Size
    $352.05MM
  • Management Fee
    0.95%
  • 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
Geographic Allocation
Growth of $10,000
$11,218.80

^ 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 March 31, 2024

Growth of $10,000

Investment value: $11,218.80 at March 28, 2024

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 F 0.92% 4.06% 5.41% 4.06% 8.70% — — — 6.23%
Series Picton Mahoney Fortified Alpha Alternative Fund F
1 mth 0.92%
3 mths 4.06%
6 mths 5.41%
YTD 4.06%
1 yr 8.70%
3 yrs * —
5 yrs * —
10 yrs * —
Since Inception * 6.23%

† 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

2023
Picton Mahoney Fortified Alpha Alternative Fund F 5.30%
Series Picton Mahoney Fortified Alpha Alternative Fund F
2023 5.30%

Risk Measures

Risk And Return Statistics Fund Benchmark
Annualized Return 6.23% 6.60%
Annualized Standard Deviation 2.43% 15.51%
Sharpe Ratio 1.25 0.25
Beta 0.05 —
Upside Capture Ratio 19.81% —
Downside Capture Ratio -8.85% —
Maximum Drawdown -2.07% -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 February 29, 2024

Dollar Allocation

Colours Name Weight
Market Neutral Strategy 52.20%
Arbitrage Strategy 32.40%
Special Situation Strategy 35.00%
Momentum 7.80%
Value 3.90%
Quality 3.90%
Discretionary Market Hedges 0.20%

Risk Allocation

Colours Name Weight
Market Neutral Strategy 2.33%
Arbitrage Strategy 1.78%
Special Situation Strategy 1.56%
Momentum 0.36%
Value 0.18%
Quality 0.18%
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
2024-04-18 $10.91 —
2024-04-17 $10.90 —
2024-04-16 $10.91 —
2024-04-15 $10.88 —
2024-04-12 $10.89 —
2024-04-11 $10.90 —
2024-04-10 $10.91 —
2024-04-09 $10.88 —
2024-04-08 $10.90 —
2024-04-05 $10.91 —
2024-04-04 $10.88 —
2024-04-03 $10.88 —
2024-04-02 $10.87 —
2024-04-01 $10.87 —
2024-03-28 $10.86 —
2024-03-27 $10.85 —
2024-03-26 $10.86 —
2024-03-25 $10.85 —
2024-03-22 $10.85 —
2024-03-21 $10.85 —
2024-03-20 $10.84 0.0015
2024-03-19 $10.84 —
2024-03-18 $10.83 —
2024-03-15 $10.81 —
2024-03-14 $10.80 —
2024-03-13 $10.79 —
2024-03-12 $10.80 —
2024-03-11 $10.78 —
2024-03-08 $10.80 —
2024-03-07 $10.82 —
2024-03-06 $10.80 —
2024-03-05 $10.79 —
2024-03-04 $10.80 —
2024-03-01 $10.79 —
2024-02-29 $10.76 —
2024-02-28 $10.75 —
2024-02-27 $10.75 —
2024-02-26 $10.76 —
2024-02-23 $10.75 —
2024-02-22 $10.72 —
2024-02-21 $10.68 0.0030
2024-02-20 $10.69 —
2024-02-16 $10.69 —
2024-02-15 $10.68 —
2024-02-14 $10.67 —
2024-02-13 $10.63 —
2024-02-12 $10.63 —
2024-02-09 $10.64 —
2024-02-08 $10.62 —
2024-02-07 $10.65 —
2024-02-06 $10.63 —
2024-02-05 $10.67 —
2024-02-02 $10.68 —
2024-02-01 $10.67 —
2024-01-31 $10.66 —
2024-01-30 $10.65 —
2024-01-29 $10.63 —
2024-01-26 $10.64 —
2024-01-25 $10.62 —
2024-01-24 $10.61 —
2024-01-23 $10.60 0.0101
2024-01-22 $10.60 —
2024-01-19 $10.59 —
2024-01-18 $10.58 —
2024-01-17 $10.55 —
2024-01-16 $10.57 —
2024-01-15 $10.55 —
2024-01-12 $10.53 —
2024-01-11 $10.52 —
2024-01-10 $10.51 —
2024-01-09 $10.49 —
2024-01-08 $10.48 —
2024-01-05 $10.48 —
2024-01-04 $10.47 —
2024-01-03 $10.46 —
2024-01-02 $10.44 —
2023-12-29 $10.45 —
2023-12-28 $10.43 —
2023-12-27 $10.41 —
2023-12-22 $10.38 —
2023-12-21 $10.41 0.0370
2023-12-20 $10.43 —
2023-12-19 $10.44 —
2023-12-18 $10.44 —
2023-12-15 $10.43 —
2023-12-14 $10.44 —
2023-12-13 $10.48 —
2023-12-12 $10.48 —
2023-12-11 $10.46 —
2023-12-08 $10.46 —
2023-12-07 $10.45 —
2023-12-06 $10.43 —
2023-12-05 $10.44 —
2023-12-04 $10.42 —
2023-12-01 $10.44 —
2023-11-30 $10.44 —
2023-11-29 $10.44 —
2023-11-28 $10.45 —
2023-11-27 $10.46 —
2023-11-24 $10.44 —
2023-11-23 $10.45 —
2023-11-22 $10.44 0.0100
2023-11-21 $10.44 —
2023-11-20 $10.44 —
2023-11-17 $10.43 —
2023-11-16 $10.44 —
2023-11-15 $10.43 —
2023-11-14 $10.45 —
2023-11-13 $10.44 —
2023-11-10 $10.44 —
2023-11-09 $10.43 —
2023-11-08 $10.43 —
2023-11-07 $10.42 —
2023-11-06 $10.39 —
2023-11-03 $10.40 —
2023-11-02 $10.37 —
2023-11-01 $10.34 —
2023-10-31 $10.32 —
2023-10-30 $10.31 —
2023-10-27 $10.35 —
2023-10-26 $10.34 —
2023-10-25 $10.36 —
2023-10-24 $10.37 —
2023-10-23 $10.37 0.0100
2023-10-20 $10.37 —
2023-10-19 $10.38 —
2023-10-18 $10.38 —
2023-10-17 $10.38 —
2023-10-16 $10.39 —
2023-10-13 $10.41 —
2023-10-12 $10.41 —
2023-10-11 $10.41 —
2023-10-10 $10.40 —
2023-10-06 $10.39 —
2023-10-05 $10.40 —
2023-10-04 $10.39 —
2023-10-03 $10.38 —
2023-10-02 $10.39 —
2023-09-29 $10.37 —
2023-09-28 $10.38 —
2023-09-27 $10.36 —
2023-09-26 $10.38 —
2023-09-25 $10.37 —
2023-09-22 $10.37 —
2023-09-21 $10.35 0.0144
2023-09-20 $10.36 —
2023-09-19 $10.33 —
2023-09-18 $10.36 —
2023-09-15 $10.35 —
2023-09-14 $10.35 —
2023-09-13 $10.35 —
2023-09-12 $10.35 —
2023-09-11 $10.35 —
2023-09-08 $10.34 —
2023-09-07 $10.36 —
2023-09-06 $10.36 —
2023-09-05 $10.34 —
2023-09-01 $10.34 —
2023-08-31 $10.31 —
2023-08-30 $10.30 —
2023-08-29 $10.30 —
2023-08-28 $10.29 —
2023-08-25 $10.27 —
2023-08-24 $10.26 —
2023-08-23 $10.27 0.0197
2023-08-22 $10.28 —
2023-08-21 $10.27 —
2023-08-18 $10.26 —
2023-08-17 $10.25 —
2023-08-16 $10.26 —
2023-08-15 $10.26 —
2023-08-14 $10.27 —
2023-08-11 $10.26 —
2023-08-10 $10.26 —
2023-08-09 $10.25 —
2023-08-08 $10.25 —
2023-08-04 $10.25 —
2023-08-03 $10.23 —
2023-08-02 $10.23 —
2023-08-01 $10.24 —
2023-07-31 $10.21 —
2023-07-28 $10.22 —
2023-07-27 $10.21 —
2023-07-26 $10.19 —
2023-07-25 $10.19 —
2023-07-24 $10.18 —
2023-07-21 $10.19 0.0208
2023-07-20 $10.21 —
2023-07-19 $10.21 —
2023-07-18 $10.23 —
2023-07-17 $10.24 —
2023-07-14 $10.23 —
2023-07-13 $10.21 —
2023-07-12 $10.21 —
2023-07-11 $10.21 —
2023-07-10 $10.23 —
2023-07-07 $10.22 —
2023-07-06 $10.23 —
2023-07-05 $10.21 —
2023-07-04 $10.22 —
2023-06-30 $10.24 —
2023-06-29 $10.22 —
2023-06-28 $10.23 —
2023-06-27 $10.21 —
2023-06-26 $10.21 —
2023-06-23 $10.22 —
2023-06-22 $10.22 0.0173
2023-06-21 $10.23 —
2023-06-20 $10.22 —
2023-06-19 $10.20 —
2023-06-16 $10.19 —
2023-06-15 $10.20 —
2023-06-14 $10.20 —
2023-06-13 $10.19 —
2023-06-12 $10.21 —
2023-06-09 $10.18 —
2023-06-08 $10.18 —
2023-06-07 $10.17 —
2023-06-06 $10.21 —
2023-06-05 $10.22 —
2023-06-02 $10.21 —
2023-06-01 $10.23 —
2023-05-31 $10.23 —
2023-05-30 $10.21 —
2023-05-29 $10.22 —
2023-05-26 $10.22 —
2023-05-25 $10.23 —
2023-05-24 $10.22 —
2023-05-23 $10.22 0.0193
2023-05-19 $10.26 —
2023-05-18 $10.25 —
2023-05-17 $10.24 —
2023-05-16 $10.26 —
2023-05-15 $10.28 —
2023-05-12 $10.28 —
2023-05-11 $10.25 —
2023-05-10 $10.26 —
2023-05-09 $10.24 —
2023-05-08 $10.23 —
2023-05-05 $10.23 —
2023-05-04 $10.25 —
2023-05-03 $10.27 —
2023-05-02 $10.28 —
2023-05-01 $10.27 —
2023-04-28 $10.26 —
2023-04-27 $10.27 —
2023-04-26 $10.28 —
2023-04-25 $10.27 —
2023-04-24 $10.27 —
2023-04-21 $10.26 —
2023-04-20 $10.24 0.0736
2023-04-19 $10.30 —

Portfolio Management

Neil Simons

Portfolio Manager, Multi-Asset Strategies

Dashmeet Singh, CFA

Portfolio Manager & Director, Quantitative Research/Risk

    This material is intended for use by Investment Advisors.

    There is no guarantee that a hedging strategy will be effective or achieve its intended effect. The use of derivatives or short selling carries several risks which may restrict a strategy in realizing its profits, limiting its losses, or, which cause a strategy to realize a loss. There may be additional costs and expenses associated with the use of derivatives and short selling in a hedging strategy.

    This is provided as a general source of information, is subject to change without notification and should not be construed as investment advice. This material should not be relied upon for any investment decision and is not a recommendation, solicitation or offering of any security in any jurisdiction.

    Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Alternative funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.

    Investment Risk Rating is the historical volatility risk as measured by the standard deviation of fund performance, which is the standard methodology outlined in Appendix F Investment Risk Classification Methodology to NI 81-102 Investment Funds.