The investment objective of the Fund is to achieve long-term capital appreciation by investing primarily in global equity securities and global income securities while mitigating capital loss by engaging in hedging strategies for downside risk protection.
Why Invest
Balance Growth and Income Through a tactically allocated mix of global equities and income securities. Benefit From Proven Managers With experience running Authentic Hedge® strategies for over a decade. Diversify Your Portfolio With a core portfolio holding designed to grow your wealth while reducing downside risk.
† 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.
1 15% S&P/TSX Composite Index (TR), 30% MSCI World Index (Net Returns) (in CAD ‡), 10% FTSE Canada 30 Day TBill Index (TR), 25% ICE BofA Global High Yield Index (TR) (Hedged to CAD), 5% ICE BofA Global Corporate Index (TR) (Hedged to CAD), 15% ICE BofA G7 Global Government Index (TR) (Hedged to CAD)
Calendar Returns
2016
2017
2018
2019
2020
2021
2022
Picton Mahoney Fortified Multi-Asset Fund A
10.48%
6.36%
-3.60%
11.00%
14.48%
9.62%
-8.24%
Benchmark
1
9.32%
8.01%
-1.81%
14.83%
8.61%
10.03%
-9.69%
Series
Picton Mahoney Fortified Multi-Asset Fund A
Benchmark
2016
10.48%
9.32%
2017
6.36%
8.01%
2018
-3.60%
-1.81%
2019
11.00%
14.83%
2020
14.48%
8.61%
2021
9.62%
10.03%
2022
-8.24%
-9.69%
1 15% S&P/TSX Composite Index (TR), 30% MSCI World Index (Net Returns) (in CAD ‡), 10% FTSE Canada 30 Day TBill Index (TR), 25% ICE BofA Global High Yield Index (TR) (Hedged to CAD), 5% ICE BofA Global Corporate Index (TR) (Hedged to CAD), 15% ICE BofA G7 Global Government Index (TR) (Hedged to CAD)
Risk Measures
Risk And Return Statistics
Fund
Benchmark
**
Annualized Return
5.44%
5.66%
Annualized Standard Deviation
6.71%
7.48%
Sharpe Ratio
0.63
0.59
Beta
0.85
—
Upside Capture Ratio
87.13%
—
Downside Capture Ratio
81.42%
—
Maximum Drawdown
-18.34%
-20.32%
Peak Value Date of Maximum Drawdown
2020-02-14
2020-02-19
Trough Value Date of Maximum Drawdown
2020-03-23
2020-03-23
**15% S&P/TSX Composite Index (TR), 30% MSCI World Index (Net Returns) (in CAD ‡), 10% FTSE Canada 30 Day TBill Index (TR), 25% ICE BofA Global High Yield Index (TR) (Hedged to CAD), 5% ICE BofA Global Corporate Index (TR) (Hedged to CAD), 15% ICE BofA G7 Global Government Index (TR) (Hedged to CAD)
Portfolio Allocations
As at October 31, 2023
Asset Allocation
Colours
Name
Weight
Equities
52.28%
Fixed Income
41.44%
Commodities
6.05%
Alpha Strategies
1.34%
Cash Equivalents & Other
-0.72%
Assets & Strategies
Colours
Name
Weight
Picton Mahoney Fortified Equity Fund
43.12%
Picton Mahoney Fortified Long Short Alternative Fund
2.87%
Picton Mahoney Fortified Active Extension Alternative Fund
0.64%
Developed Market Equity
2.50%
Emerging Market Equity
3.15%
Picton Mahoney Fortified Income Fund
23.90%
Government Bonds
17.54%
Precious Metals
1.01%
Energy
0.00%
Picton Mahoney Fortified Inflation Opportunities Alternative Fund
5.04%
Picton Mahoney Fortified Market Neutral Alternative Fund
1.03%
Picton Mahoney Fortified Special Situations Alternative Fund
0.31%
Cash Equivalents & Other
-0.72%
Fees
Series
Management Fee
Fund codes
Class A
1.90%
PIC 8600
Class F
0.90%
PIC 8601
Class FT
0.90%
PIC 8603
Class T
1.90%
PIC 8602
Historical Net Asset Values
Start Date
End Date
Effective Date
Net Asset Value
Distributions
2023-12-08
$15.22
—
2023-12-07
$15.23
—
2023-12-06
$15.19
—
2023-12-05
$15.18
—
2023-12-04
$15.16
—
2023-12-01
$15.20
—
2023-11-30
$15.16
—
2023-11-29
$15.17
—
2023-11-28
$15.15
—
2023-11-27
$15.14
—
2023-11-24
$15.12
—
2023-11-23
$15.17
—
2023-11-22
$15.18
—
2023-11-21
$15.15
—
2023-11-20
$15.18
—
2023-11-17
$15.12
—
2023-11-16
$15.10
—
2023-11-15
$15.04
—
2023-11-14
$15.09
—
2023-11-13
$14.93
—
2023-11-10
$14.92
—
2023-11-09
$14.85
—
2023-11-08
$14.91
—
2023-11-07
$14.86
—
2023-11-06
$14.82
—
2023-11-03
$14.82
—
2023-11-02
$14.76
—
2023-11-01
$14.63
—
2023-10-31
$14.53
—
2023-10-30
$14.49
—
2023-10-27
$14.48
—
2023-10-26
$14.44
—
2023-10-25
$14.49
—
2023-10-24
$14.56
—
2023-10-23
$14.51
—
2023-10-20
$14.51
—
2023-10-19
$14.59
—
2023-10-18
$14.63
—
2023-10-17
$14.70
—
2023-10-16
$14.70
—
2023-10-13
$14.69
—
2023-10-12
$14.71
—
2023-10-11
$14.74
—
2023-10-10
$14.71
—
2023-10-06
$14.64
—
2023-10-05
$14.59
—
2023-10-04
$14.58
—
2023-10-03
$14.56
—
2023-10-02
$14.66
—
2023-09-29
$14.68
—
2023-09-28
$14.66
—
2023-09-27
$14.65
—
2023-09-26
$14.67
—
2023-09-25
$14.74
—
2023-09-22
$14.77
—
2023-09-21
$14.77
—
2023-09-20
$14.87
—
2023-09-19
$14.88
—
2023-09-18
$14.95
—
2023-09-15
$15.01
—
2023-09-14
$15.07
—
2023-09-13
$15.01
—
2023-09-12
$15.01
—
2023-09-11
$15.05
—
2023-09-08
$15.02
—
2023-09-07
$15.03
—
2023-09-06
$15.05
—
2023-09-05
$15.08
—
2023-09-01
$15.12
—
2023-08-31
$15.05
—
2023-08-30
$15.06
—
2023-08-29
$15.05
—
2023-08-28
$14.94
—
2023-08-25
$14.89
—
2023-08-24
$14.85
—
2023-08-23
$14.93
—
2023-08-22
$14.82
—
2023-08-21
$14.82
—
2023-08-18
$14.80
—
2023-08-17
$14.79
—
2023-08-16
$14.86
—
2023-08-15
$14.88
—
2023-08-14
$14.96
—
2023-08-11
$14.94
—
2023-08-10
$14.98
—
2023-08-09
$14.98
—
2023-08-08
$15.01
—
2023-08-04
$14.97
—
2023-08-03
$14.93
—
2023-08-02
$14.96
—
2023-08-01
$15.08
—
2023-07-31
$15.06
—
2023-07-28
$15.08
—
2023-07-27
$14.99
—
2023-07-26
$15.05
—
2023-07-25
$15.03
—
2023-07-24
$15.01
—
2023-07-21
$15.02
—
2023-07-20
$15.01
—
2023-07-19
$15.07
—
2023-07-18
$15.05
—
2023-07-17
$14.99
—
2023-07-14
$14.99
—
2023-07-13
$14.96
—
2023-07-12
$14.89
—
2023-07-11
$14.83
—
2023-07-10
$14.80
—
2023-07-07
$14.78
—
2023-07-06
$14.80
—
2023-07-05
$14.88
—
2023-07-04
$14.90
—
2023-06-30
$14.90
—
2023-06-29
$14.81
—
2023-06-28
$14.81
—
2023-06-27
$14.77
—
2023-06-26
$14.73
—
2023-06-23
$14.75
—
2023-06-22
$14.80
—
2023-06-21
$14.83
—
2023-06-20
$14.87
—
2023-06-19
$14.87
—
2023-06-16
$14.88
—
2023-06-15
$14.93
—
2023-06-14
$14.88
—
2023-06-13
$14.83
—
2023-06-12
$14.84
—
2023-06-09
$14.77
—
2023-06-08
$14.78
—
2023-06-07
$14.72
—
2023-06-06
$14.82
—
2023-06-05
$14.82
—
2023-06-02
$14.83
—
2023-06-01
$14.80
—
2023-05-31
$14.75
—
2023-05-30
$14.79
—
2023-05-29
$14.79
—
2023-05-26
$14.81
—
2023-05-25
$14.74
—
2023-05-24
$14.73
—
2023-05-23
$14.75
—
2023-05-19
$14.86
—
2023-05-18
$14.86
—
2023-05-17
$14.85
—
2023-05-16
$14.82
—
2023-05-15
$14.88
—
2023-05-12
$14.88
—
2023-05-11
$14.86
—
2023-05-10
$14.85
—
2023-05-09
$14.83
—
2023-05-08
$14.82
—
2023-05-05
$14.85
—
2023-05-04
$14.85
—
2023-05-03
$14.90
—
2023-05-02
$14.90
—
2023-05-01
$14.89
—
2023-04-28
$14.91
—
2023-04-27
$14.89
—
2023-04-26
$14.84
—
2023-04-25
$14.85
—
2023-04-24
$14.89
—
2023-04-21
$14.88
—
2023-04-20
$14.85
—
2023-04-19
$14.84
—
2023-04-18
$14.85
—
2023-04-17
$14.82
—
2023-04-14
$14.81
—
2023-04-13
$14.85
—
2023-04-12
$14.82
—
2023-04-11
$14.82
—
2023-04-10
$14.82
—
2023-04-06
$14.82
—
2023-04-05
$14.80
—
2023-04-04
$14.83
—
2023-04-03
$14.84
—
2023-03-31
$14.77
—
2023-03-30
$14.68
—
2023-03-29
$14.63
—
2023-03-28
$14.59
—
2023-03-27
$14.61
—
2023-03-24
$14.63
—
2023-03-23
$14.63
—
2023-03-22
$14.60
—
2023-03-21
$14.63
—
2023-03-20
$14.55
—
2023-03-17
$14.57
—
2023-03-16
$14.59
—
2023-03-15
$14.54
—
2023-03-14
$14.62
—
2023-03-13
$14.58
—
2023-03-10
$14.64
—
2023-03-09
$14.67
—
2023-03-08
$14.74
—
2023-03-07
$14.71
—
2023-03-06
$14.77
—
2023-03-03
$14.78
—
2023-03-02
$14.65
—
2023-03-01
$14.65
—
2023-02-28
$14.64
—
2023-02-27
$14.62
—
2023-02-24
$14.61
—
2023-02-23
$14.65
—
2023-02-22
$14.61
—
2023-02-21
$14.64
—
2023-02-17
$14.72
—
2023-02-16
$14.75
—
2023-02-15
$14.77
—
2023-02-14
$14.76
—
2023-02-13
$14.76
—
2023-02-10
$14.72
—
2023-02-09
$14.77
—
2023-02-08
$14.81
—
2023-02-07
$14.84
—
2023-02-06
$14.76
—
2023-02-03
$14.79
—
2023-02-02
$14.85
—
2023-02-01
$14.81
—
2023-01-31
$14.76
—
2023-01-30
$14.68
—
2023-01-27
$14.74
—
2023-01-26
$14.77
—
2023-01-25
$14.73
—
2023-01-24
$14.70
—
2023-01-23
$14.69
—
2023-01-20
$14.66
—
2023-01-19
$14.62
—
2023-01-18
$14.63
—
2023-01-17
$14.65
—
2023-01-16
$14.64
—
2023-01-13
$14.65
—
2023-01-12
$14.59
—
2023-01-11
$14.52
—
2023-01-10
$14.44
—
2023-01-09
$14.39
—
2023-01-06
$14.40
—
2023-01-05
$14.29
—
2023-01-04
$14.35
—
2023-01-03
$14.36
—
2022-12-30
$14.32
—
2022-12-29
$14.35
—
2022-12-28
$14.29
—
2022-12-23
$14.35
—
2022-12-22
$14.37
—
2022-12-21
$14.42
—
2022-12-20
$14.34
—
2022-12-19
$14.36
—
2022-12-16
$14.43
—
2022-12-15
$14.48
—
2022-12-14
$14.61
—
2022-12-13
$14.61
—
2022-12-12
$14.59
—
Portfolio Management
Neil Simons
Portfolio Manager, Multi-Asset Strategies
Michael White, CFA
Portfolio Manager, Multi-Asset Strategies
David Picton
President, CEO and Portfolio Manager, Canadian Equities