Overview

Daily NAV
$17.10
0.33% $0.06
July 19, 2024
  • Inception Date
    July 15, 2020
  • Fund Size
    $549.27MM
  • Management Fee
    0.95%
  • Performance Fee
    20.00% ^
  • Hurdle Rate
    2.00%
  • High Water Mark
    Yes
  • Fund Strategy
    Long Short Equity
  • Fund Framework
    Alternative Mutual Fund (Simplified Prospectus)

Risk: Low to Medium

Low
Low to Medium
Medium
Medium to High
High

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

Investment Objective

The investment objective of the Fund is to provide consistent long-term capital appreciation with an attractive risk-adjusted rate of return by actively investing in a portfolio comprised of long and short equity securities. The Fund invests in Canadian, U.S. and International equities, aims for less net equity market exposure than traditional long-only strategies through the use of short positions, and is designed to dampen volatility and mitigate downside risk relative to typical long-biased portfolios heavily exposed to broad market movements.

Why Invest

Equity Exposure With Less Broad Market Risk
Invest in a Fund designed to increase gross exposure to generate alpha while reducing net market exposure to decrease broad market risk.
Add Hedging Tools
Aimed to dampen volatility and seek to mitigate downside risk associated with investing in equities.
Benefit From Proven Managers
With an active approach to managing Authentic Hedge® strategies for over a decade.

Performance As at June 30, 2024

Growth of $10,000

Investment value: $16,987.44 at June 28, 2024

Compound Returns

1 mth 3 mths 6 mths YTD 1 yr 3 yrs * 5 yrs * 10 yrs * Since Inception *
Picton Mahoney Fortified Long Short Alternative Fund ETF 0.70% 2.75% 9.06% 9.06% 10.99% 6.79% 14.34%
Series Picton Mahoney Fortified Long Short Alternative Fund ETF
1 mth 0.70%
3 mths 2.75%
6 mths 9.06%
YTD 9.06%
1 yr 10.99%
3 yrs * 6.79%
5 yrs *
10 yrs *
Since Inception * 14.34%

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

2021 2022 2023
Picton Mahoney Fortified Long Short Alternative Fund ETF 18.33% 0.69% 6.79%
Series Picton Mahoney Fortified Long Short Alternative Fund ETF
2021 18.33%
2022 0.69%
2023 6.79%

Risk Measures

Risk And Return Statistics Fund Benchmark **
Annualized Return 14.34% 11.48%
Annualized Standard Deviation 9.04% 13.29%
Sharpe Ratio 1.19 0.70
Beta 0.57
Upside Capture Ratio 74.82%
Downside Capture Ratio 41.60%
Maximum Drawdown -10.71% -16.32%
Peak Value Date of Maximum Drawdown 2022-03-22 2022-04-04
Trough Value Date of Maximum Drawdown 2022-07-14 2022-07-14

**S&P/TSX Composite TR Index

Portfolio Allocations As at June 30, 2024

Sector Allocation

Geographic Allocation (Net)

Top 10 Long Positions

Name Weight
Royal Bank of Canada 6.47%
Canadian Pacific Kansas City Limited 4.69%
Manulife Financial Corporation 2.95%
Element Fleet Management Corp. 2.90%
Waste Connections Inc. 2.76%
Suncor Energy Inc. 2.70%
Canadian Imperial Bank ofmerce 2.68%
Enbridge Inc. 2.60%
Toronto-Dominion Bank Com New 2.31%
Canadian Natural Resources Ltd. 2.22%

Fees

Series Management Fee Fund codes
Class A 1.95% PIC 3200
Class F 0.95% PIC 3201
ETF 0.95% PFLS

Historical Net Asset Values

Start Date

End Date

Effective Date Net Asset Value Distributions
2024-07-19 $17.10
2024-07-18 $17.05
2024-07-17 $17.11
2024-07-16 $17.25
2024-07-15 $17.23
2024-07-12 $17.20
2024-07-11 $17.16
2024-07-10 $17.08
2024-07-09 $16.95
2024-07-08 $17.03
2024-07-05 $16.99
2024-07-04 $17.11
2024-07-03 $17.10
2024-07-02 $17.00
2024-06-28 $16.94
2024-06-27 $16.97
2024-06-26 $16.90
2024-06-25 $16.89
2024-06-24 $16.88
2024-06-21 $16.79
2024-06-20 $16.81
2024-06-19 $16.87
2024-06-18 $16.91
2024-06-17 $16.85
2024-06-14 $16.87
2024-06-13 $16.86
2024-06-12 $16.97
2024-06-11 $16.83
2024-06-10 $16.94
2024-06-07 $16.86
2024-06-06 $16.92
2024-06-05 $16.91
2024-06-04 $16.77
2024-06-03 $16.78
2024-05-31 $16.82
2024-05-30 $16.83
2024-05-29 $16.78
2024-05-28 $16.88
2024-05-27 $16.88
2024-05-24 $16.86
2024-05-23 $16.75
2024-05-22 $16.79
2024-05-21 $16.89
2024-05-17 $16.88
2024-05-16 $16.80
2024-05-15 $16.80
2024-05-14 $16.71
2024-05-13 $16.73
2024-05-10 $16.80
2024-05-09 $16.83
2024-05-08 $16.79
2024-05-07 $16.78
2024-05-06 $16.79
2024-05-03 $16.65
2024-05-02 $16.57
2024-05-01 $16.50
2024-04-30 $16.49
2024-04-29 $16.60
2024-04-26 $16.63
2024-04-25 $16.53
2024-04-24 $16.45
2024-04-23 $16.51
2024-04-22 $16.40
2024-04-19 $16.37
2024-04-18 $16.42
2024-04-17 $16.38
2024-04-16 $16.42
2024-04-15 $16.40
2024-04-12 $16.45
2024-04-11 $16.53
2024-04-10 $16.58
2024-04-09 $16.57
2024-04-08 $16.60
2024-04-05 $16.63
2024-04-04 $16.50
2024-04-03 $16.54
2024-04-02 $16.48
2024-04-01 $16.51
2024-03-28 $16.49
2024-03-27 $16.47
2024-03-26 $16.45
2024-03-25 $16.44
2024-03-22 $16.45
2024-03-21 $16.49
2024-03-20 $16.44
2024-03-19 $16.38
2024-03-18 $16.37
2024-03-15 $16.35
2024-03-14 $16.31
2024-03-13 $16.35
2024-03-12 $16.32
2024-03-11 $16.26
2024-03-08 $16.33
2024-03-07 $16.38
2024-03-06 $16.31
2024-03-05 $16.28
2024-03-04 $16.31
2024-03-01 $16.30
2024-02-29 $16.20
2024-02-28 $16.13
2024-02-27 $16.16
2024-02-26 $16.19
2024-02-23 $16.19
2024-02-22 $16.15
2024-02-21 $16.00
2024-02-20 $16.03
2024-02-16 $16.09
2024-02-15 $16.06
2024-02-14 $15.97
2024-02-13 $15.78
2024-02-12 $15.92
2024-02-09 $15.95
2024-02-08 $15.88
2024-02-07 $15.95
2024-02-06 $15.92
2024-02-05 $15.95
2024-02-02 $16.02
2024-02-01 $15.98
2024-01-31 $15.91
2024-01-30 $15.98
2024-01-29 $15.93
2024-01-26 $15.91
2024-01-25 $15.88
2024-01-24 $15.86
2024-01-23 $15.82
2024-01-22 $15.79
2024-01-19 $15.78
2024-01-18 $15.70
2024-01-17 $15.64
2024-01-16 $15.74
2024-01-15 $15.72
2024-01-12 $15.68
2024-01-11 $15.62
2024-01-10 $15.62
2024-01-09 $15.58
2024-01-08 $15.57
2024-01-05 $15.52
2024-01-04 $15.49
2024-01-03 $15.47
2024-01-02 $15.47
2023-12-29 $15.53
2023-12-28 $15.50
2023-12-27 $15.50
2023-12-22 $15.46
2023-12-21 $15.41 0.1523
2023-12-20 $15.46
2023-12-19 $15.59
2023-12-18 $15.53
2023-12-15 $15.46
2023-12-14 $15.57
2023-12-13 $15.61
2023-12-12 $15.48
2023-12-11 $15.49
2023-12-08 $15.52
2023-12-07 $15.45
2023-12-06 $15.43
2023-12-05 $15.47
2023-12-04 $15.46
2023-12-01 $15.53
2023-11-30 $15.46
2023-11-29 $15.41
2023-11-28 $15.40
2023-11-27 $15.44
2023-11-24 $15.45
2023-11-23 $15.46
2023-11-22 $15.44
2023-11-21 $15.43
2023-11-20 $15.51
2023-11-17 $15.44
2023-11-16 $15.41
2023-11-15 $15.41
2023-11-14 $15.43
2023-11-13 $15.32
2023-11-10 $15.31
2023-11-09 $15.27
2023-11-08 $15.27
2023-11-07 $15.27
2023-11-06 $15.25
2023-11-03 $15.29
2023-11-02 $15.20
2023-11-01 $15.00
2023-10-31 $14.92
2023-10-30 $14.91
2023-10-27 $14.97
2023-10-26 $14.99
2023-10-25 $15.08
2023-10-24 $15.12
2023-10-23 $15.14
2023-10-20 $15.16
2023-10-19 $15.27
2023-10-18 $15.29
2023-10-17 $15.39
2023-10-16 $15.37
2023-10-13 $15.33
2023-10-12 $15.34
2023-10-11 $15.43
2023-10-10 $15.40
2023-10-06 $15.35
2023-10-05 $15.29
2023-10-04 $15.22
2023-10-03 $15.18
2023-10-02 $15.23
2023-09-29 $15.35
2023-09-28 $15.38
2023-09-27 $15.28
2023-09-26 $15.31
2023-09-25 $15.40
2023-09-22 $15.40
2023-09-21 $15.36
2023-09-20 $15.50
2023-09-19 $15.47
2023-09-18 $15.60
2023-09-15 $15.62
2023-09-14 $15.62
2023-09-13 $15.53
2023-09-12 $15.51
2023-09-11 $15.52
2023-09-08 $15.48
2023-09-07 $15.55
2023-09-06 $15.55
2023-09-05 $15.59
2023-09-01 $15.64
2023-08-31 $15.54
2023-08-30 $15.50
2023-08-29 $15.46
2023-08-28 $15.35
2023-08-25 $15.29
2023-08-24 $15.26
2023-08-23 $15.34
2023-08-22 $15.25
2023-08-21 $15.26
2023-08-18 $15.24
2023-08-17 $15.21
2023-08-16 $15.30
2023-08-15 $15.30
2023-08-14 $15.43
2023-08-11 $15.43
2023-08-10 $15.39
2023-08-09 $15.37
2023-08-08 $15.36
2023-08-04 $15.40
2023-08-03 $15.33
2023-08-02 $15.35
2023-08-01 $15.51
2023-07-31 $15.50
2023-07-28 $15.48
2023-07-27 $15.42
2023-07-26 $15.45
2023-07-25 $15.45
2023-07-24 $15.42
2023-07-21 $15.45

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