SUBSCRIBE FR
PERFORMANCE SOLUTIONS TOOLS RESOURCES DOCUMENTATION ABOUT US

Overview

Daily NAV
$9.11
-0.25% ($0.02)
September 30, 2022
  • Inception Date
    October 29, 2015
  • Fund Size
    $99.67MM
  • Management Fee
    1.90%
  • Performance Fee
    20.00% ^
  • Distributions
    Monthly; targeting a rate of 5% per annum
  • Fund Strategy
    Long Short Equity
  • Fund Framework
    Mutual Fund

Risk: Low to 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 achieve long-term capital appreciation by investing primarily in global equity securities while mitigating capital loss by engaging in hedging strategies for downside risk protection.

Why Invest

Grow Your Wealth
Through the growth potential of an actively managed portfolio of global equities.
Benefit From Proven Managers
With experience running Authentic Hedge® strategies for over a decade.
Diversify Your Portfolio
With a core equity holding designed to help grow your wealth while reducing downside risk.

Performance As at August 31, 2022

Growth of $10,000

Investment value: $15,185.68 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 Equity Fund T -1.51% -1.80% -7.56% -14.34% -11.99% 8.50% 7.38% 6.30%
Series Picton Mahoney Fortified Equity Fund T
1 mth -1.51%
3 mths -1.80%
6 mths -7.56%
YTD -14.34%
1 yr -11.99%
3 yrs * 8.50%
5 yrs * 7.38%
10 yrs *
Since Inception * 6.30%

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

2016 2017 2018 2019 2020 2021
Picton Mahoney Fortified Equity Fund T 3.18% 8.33% -5.05% 16.39% 21.12% 18.16%
Series Picton Mahoney Fortified Equity Fund T
2016 3.18%
2017 8.33%
2018 -5.05%
2019 16.39%
2020 21.12%
2021 18.16%

Risk Measures

Risk And Return Statistics Fund Benchmark **
Annualized Return 6.30% 6.69%
Annualized Standard Deviation 10.32% 8.75%
Sharpe Ratio 0.56 0.69
Beta 1.10
Upside Capture Ratio 104.85%
Downside Capture Ratio 112.99%
Maximum Drawdown -25.45% -23.83%
Peak Value Date of Maximum Drawdown 2020-02-14 2020-02-19
Trough Value Date of Maximum Drawdown 2020-03-23 2020-03-23

**25% S&P/TSX Composite Index (TR), 50% MSCI World Index (Net Returns) (in CAD ), 25% FTSE TMX Canada 30 Day TBill Index (TR)

Portfolio Allocations As at August 31, 2022

Sector Allocation

Geographic Allocation (Gross)

Top 10 Long Positions

Name Weight
Microsoft Corp. 3.54%
Apple Inc. 2.79%
Amazon.com Inc. 2.08%
Alphabet Inc. Cl A 1.93%
UnitedHealth Group Inc. 1.69%
Eli Lilly & Co. 1.60%
Union Pacific Corp. 1.57%
Mastercard Inc. Cl A 1.48%
Progressive Corp. 1.31%
NextEra Energy Inc. 1.24%

Exposure Breakout ±±

Name Weight
Long 89.54%
Short -3.56%
Gross 93.10%
Net 85.98%

±± 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 1.90% PIC 8400
Class F 0.90% PIC 8401
Class FT 0.90% PIC 8403
Class T 1.90% PIC 8402

Historical Net Asset Values

Start Date

End Date

Effective Date Net Asset Value Distributions
2022-09-30 $9.11 0.0481
2022-09-29 $9.18
2022-09-28 $9.28
2022-09-27 $9.18
2022-09-26 $9.17
2022-09-23 $9.21
2022-09-22 $9.34
2022-09-21 $9.39
2022-09-20 $9.46
2022-09-19 $9.52
2022-09-16 $9.48
2022-09-15 $9.53
2022-09-14 $9.57
2022-09-13 $9.56
2022-09-12 $9.74
2022-09-09 $9.68
2022-09-08 $9.59
2022-09-07 $9.55
2022-09-06 $9.42
2022-09-02 $9.43
2022-09-01 $9.50
2022-08-31 $9.52 0.0481
2022-08-30 $9.62
2022-08-29 $9.65
2022-08-26 $9.71
2022-08-25 $9.89
2022-08-24 $9.84
2022-08-23 $9.81
2022-08-22 $9.86
2022-08-19 $9.98
2022-08-18 $10.05
2022-08-17 $10.03
2022-08-16 $10.06
2022-08-15 $10.08
2022-08-12 $10.00
2022-08-11 $9.86
2022-08-10 $9.86
2022-08-09 $9.77
2022-08-08 $9.80
2022-08-05 $9.84
2022-08-04 $9.79
2022-08-03 $9.77
2022-08-02 $9.69
2022-07-29 $9.71 0.0481
2022-07-28 $9.67
2022-07-27 $9.57
2022-07-26 $9.39
2022-07-25 $9.47
2022-07-22 $9.45
2022-07-21 $9.52
2022-07-20 $9.44
2022-07-19 $9.40
2022-07-18 $9.21
2022-07-15 $9.28
2022-07-14 $9.21
2022-07-13 $9.16
2022-07-12 $9.21
2022-07-11 $9.30
2022-07-08 $9.36
2022-07-07 $9.39
2022-07-06 $9.29
2022-07-05 $9.24
2022-07-04 $9.21
2022-06-30 $9.16 0.0481
2022-06-29 $9.29
2022-06-28 $9.34
2022-06-27 $9.46
2022-06-24 $9.47
2022-06-23 $9.26
2022-06-22 $9.24
2022-06-21 $9.27
2022-06-20 $9.16
2022-06-17 $9.18
2022-06-16 $9.12
2022-06-15 $9.35
2022-06-14 $9.24
2022-06-13 $9.25
2022-06-10 $9.52
2022-06-09 $9.67
2022-06-08 $9.79
2022-06-07 $9.88
2022-06-06 $9.82
2022-06-03 $9.81
2022-06-02 $9.92
2022-06-01 $9.79
2022-05-31 $9.84 0.0481
2022-05-30 $9.97
2022-05-27 $9.99
2022-05-26 $9.83
2022-05-25 $9.71
2022-05-24 $9.67
2022-05-20 $9.58
2022-05-19 $9.56
2022-05-18 $9.59
2022-05-17 $9.83
2022-05-16 $9.73
2022-05-13 $9.78
2022-05-12 $9.64
2022-05-11 $9.63
2022-05-10 $9.72
2022-05-09 $9.68
2022-05-06 $9.89
2022-05-05 $9.92
2022-05-04 $10.16
2022-05-03 $10.05
2022-05-02 $10.07
2022-04-29 $10.01 0.0481
2022-04-28 $10.26
2022-04-27 $10.10
2022-04-26 $10.06
2022-04-25 $10.25
2022-04-22 $10.20
2022-04-21 $10.29
2022-04-20 $10.42
2022-04-19 $10.45
2022-04-18 $10.35
2022-04-14 $10.36
2022-04-13 $10.43
2022-04-12 $10.32
2022-04-11 $10.37
2022-04-08 $10.47
2022-04-07 $10.47
2022-04-06 $10.40
2022-04-05 $10.50
2022-04-04 $10.64
2022-04-01 $10.61
2022-03-31 $10.62 0.0481
2022-03-30 $10.77
2022-03-29 $10.87
2022-03-28 $10.76
2022-03-25 $10.70
2022-03-24 $10.67
2022-03-23 $10.60
2022-03-22 $10.73
2022-03-21 $10.64
2022-03-18 $10.67
2022-03-17 $10.57
2022-03-16 $10.51
2022-03-15 $10.30
2022-03-14 $10.17
2022-03-11 $10.16
2022-03-10 $10.30
2022-03-09 $10.34
2022-03-08 $10.09
2022-03-07 $10.07
2022-03-04 $10.34
2022-03-03 $10.44
2022-03-02 $10.52
2022-03-01 $10.40
2022-02-28 $10.60 0.0481
2022-02-25 $10.72
2022-02-24 $10.57
2022-02-23 $10.47
2022-02-22 $10.60
2022-02-18 $10.72
2022-02-17 $10.79
2022-02-16 $10.96
2022-02-15 $10.98
2022-02-14 $10.82
2022-02-11 $10.90
2022-02-10 $11.06
2022-02-09 $11.16
2022-02-08 $10.99
2022-02-07 $10.90
2022-02-04 $10.99
2022-02-03 $10.88
2022-02-02 $11.09
2022-02-01 $10.97
2022-01-31 $10.88 0.0481
2022-01-28 $10.78
2022-01-27 $10.58
2022-01-26 $10.58
2022-01-25 $10.56
2022-01-24 $10.70
2022-01-21 $10.71
2022-01-20 $10.84
2022-01-19 $10.93
2022-01-18 $11.02
2022-01-17 $11.21
2022-01-14 $11.22
2022-01-13 $11.24
2022-01-12 $11.35
2022-01-11 $11.36
2022-01-10 $11.28
2022-01-07 $11.37
2022-01-06 $11.46
2022-01-05 $11.47
2022-01-04 $11.61
2021-12-31 $11.55 0.0454
2021-12-30 $11.72
2021-12-29 $11.75
2021-12-24 $11.60 0.9715
2021-12-23 $12.59
2021-12-22 $12.55
2021-12-21 $12.48
2021-12-20 $12.28
2021-12-17 $12.32
2021-12-16 $12.36
2021-12-15 $12.53
2021-12-14 $12.34
2021-12-13 $12.41
2021-12-10 $12.45
2021-12-09 $12.42
2021-12-08 $12.46
2021-12-07 $12.45
2021-12-06 $12.30
2021-12-03 $12.25
2021-12-02 $12.34
2021-12-01 $12.19
2021-11-30 $12.26 0.0454
2021-11-29 $12.49
2021-11-26 $12.40
2021-11-25 $12.58
2021-11-24 $12.57
2021-11-23 $12.62
2021-11-22 $12.60
2021-11-19 $12.63
2021-11-18 $12.67
2021-11-17 $12.59
2021-11-16 $12.58
2021-11-15 $12.55
2021-11-12 $12.61
2021-11-11 $12.56
2021-11-10 $12.40
2021-11-09 $12.53
2021-11-08 $12.55
2021-11-05 $12.50
2021-11-04 $12.52
2021-11-03 $12.41
2021-11-02 $12.36
2021-11-01 $12.29
2021-10-29 $12.25 0.0454
2021-10-28 $12.26
2021-10-27 $12.18
2021-10-26 $12.29
2021-10-25 $12.26
2021-10-22 $12.22
2021-10-21 $12.18
2021-10-20 $12.16
2021-10-19 $12.16
2021-10-18 $12.09
2021-10-15 $12.08
2021-10-14 $11.95
2021-10-13 $11.85
2021-10-12 $11.81
2021-10-08 $11.89
2021-10-07 $11.98
2021-10-06 $11.91
2021-10-05 $11.89
2021-10-04 $11.79

Portfolio Management

David Picton

President, CEO and Portfolio Manager, Canadian Equities

Jeffrey Bradacs, CFA

Portfolio Manager, Canadian Equities

Michael Kimmel, CFA

Portfolio Manager, U.S. Equities

Michael Kuan, CFA

Portfolio Manager, International Equities