Overview
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Inception DateMay 4, 2023
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Fund Size$18.64MM
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Management Fee0.95%
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Performance Fee20.00% ^
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Fund StrategyMulti-Asset Strategy
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Fund FrameworkAlternative Mutual Fund (Simplified Prospectus)
Risk: High
^ of performance above Non-Seasonally Adjusted Consumer Price Index published by Statistics Canada published by Statistics Canada, plus applicable tax. For purposes of calculating the performance fee in respect of the Fund, a daily extrapolated Consumer Price Index shall be used as further described the Fund’s simplified prospectus. The Manager shall not adjust the daily extrapolated Consumer Price Index levels used for calculating the performance fee once the actual Consumer Price Index information is published by Statistics Canada. The Manager has waived performance fee for the Fund until April 30, 2024, but has reserved the option of extending the waiver or discontinuing after this date.
Investment Objective
Why Invest
The Fund invests in an actively managed portfolio comprised of securities across a variety of asset classes identified as attractive inflation investment opportunities.
A STRATEGIC ALLOCATION IN YOUR PORTFOLIO
Seek to diversify a portfolio of traditional assets and mitigate portfolio losses in inflationary environments.AN ACTIVELY MANAGED SOLUTION FOR DIFFERENT INFLATION CYCLES
Desire a dedicated inflation solution that actively manages its exposures in different inflation cycles.
Performance As at September 30, 2024
Growth of $10,000
Compound Returns †
| 1 mth | 3 mths | 6 mths | YTD | 1 yr | 3 yrs * | 5 yrs * | 10 yrs * | Since Inception * | |
|---|---|---|---|---|---|---|---|---|---|
| Picton Mahoney Fortified Inflation Opportunities Alternative Fund F | 2.50% | 2.33% | 2.23% | 8.00% | 6.75% | — | — | — | 6.08% |
| Benchmark 1 | -0.08% | -5.26% | -4.65% | 5.23% | -6.06% | — | — | — | 9.16% |
| Benchmark 2 | 0.10% | 0.35% | 1.35% | 2.31% | 2.18% | — | — | — | 2.46% |
| Series | Picton Mahoney Fortified Inflation Opportunities Alternative Fund F | Benchmark | Benchmark |
|---|---|---|---|
| 1 mth | 2.50% | -0.08% | 0.10% |
| 3 mths | 2.33% | -5.26% | 0.35% |
| 6 mths | 2.23% | -4.65% | 1.35% |
| YTD | 8.00% | 5.23% | 2.31% |
| 1 yr | 6.75% | -6.06% | 2.18% |
| 3 yrs * | — | — | — |
| 5 yrs * | — | — | — |
| 10 yrs * | — | — | — |
| Since Inception * | 6.08% | 9.16% | 2.46% |
† 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 S&P GSCI Total Return Index (Hedged to CAD)
2 CPI Index
Risk Measures
Risk And Return Statistics
Fund
Benchmark
**
Annualized Return
6.08%
9.16%
Annualized Standard Deviation
5.59%
14.04%
Sharpe Ratio
0.53
0.40
Beta
0.21
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Upside Capture Ratio
27.31%
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Downside Capture Ratio
-8.29%
—
Maximum Drawdown
-5.90%
-14.68%
Peak Value Date of Maximum Drawdown
2024-04-19
2023-09-14
Trough Value Date of Maximum Drawdown
2024-08-06
2023-12-12
**S&P GSCI Total Return Index (Hedged to CAD)
Risk Measures
| Risk And Return Statistics | Fund | Benchmark ** |
|---|---|---|
| Annualized Return | 6.08% | 9.16% |
| Annualized Standard Deviation | 5.59% | 14.04% |
| Sharpe Ratio | 0.53 | 0.40 |
| Beta | 0.21 | — |
| Upside Capture Ratio | 27.31% | — |
| Downside Capture Ratio | -8.29% | — |
| Maximum Drawdown | -5.90% | -14.68% |
| Peak Value Date of Maximum Drawdown | 2024-04-19 | 2023-09-14 |
| Trough Value Date of Maximum Drawdown | 2024-08-06 | 2023-12-12 |
**S&P GSCI Total Return Index (Hedged to CAD)
Portfolio Allocations As at September 30, 2024
Dollar Allocation
| Colours | Name | Weight |
|---|---|---|
| Energy | 7.12% | |
| Industrial Metals | 16.11% | |
| Precious Metals | 34.21% | |
| Grains | 11.35% | |
| Soft commodities | 22.46% | |
| Short Government Bond Futures | 6.89% | |
| Duration Hedged TIPS | 16.23% | |
| Energy Transition | 1.17% |
Risk Allocation
| Colours | Name | Weight |
|---|---|---|
| Energy | 1.94% | |
| Industrial Metals | 1.62% | |
| Precious Metals | 3.87% | |
| Grains | 1.42% | |
| Soft commodities | 1.96% | |
| Short Government Bond Futures | 0.27% | |
| Duration Hedged TIPS | 0.19% | |
| Energy Transition | 0.72% |
Fees
| Series | Management Fee | Fund codes |
|---|---|---|
| Class A | 1.95% | PIC 3700 |
| Class F | 0.95% | PIC 3701 |
Portfolio Management
Portfolio Manager, Multi-Asset Strategies
Portfolio Manager, Multi-Asset Strategies
Portfolio Manager & Director, Quantitative Research/Risk