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PERFORMANCE SOLUTIONS TOOLS RESOURCES DOCUMENTATION ABOUT US

Overview

Daily NAV
$10.76
-0.34% ($0.04)
September 30, 2022
  • Inception Date
    September 27, 2018
  • Fund Size
    $101.89MM
  • Management Fee
    1.95%
  • 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

^ 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 over a full market cycle. The investment strategy of the Fund is to utilize a proprietary multi-layered investment process based on modern portfolio construction techniques to determine its allocation, utilizing a comprehensive set of traditional and alternative assets classes, factor risk premia strategies and alpha processes. A discretionary hedge layer is available to tactically enhance the Fund’s return.

Why Invest

An All-In-One Solution
That is engineered to seek returns in a manner differentiated from traditional “balanced” / “diversified” strategies.
Benefit From Proven Managers
With experience running Authentic Hedge® strategies for over a decade.
Add Hedging Tools
That aim to lower their overall risk profile, thus enhancing the quality of returns garnered.

Performance As at August 31, 2022

Growth of $10,000

Investment value: $11,431.90 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 Multi-Strategy Alternative Fund A -2.89% -5.45% -7.03% -6.26% -5.97% 2.83% 3.47%
Series Picton Mahoney Fortified Multi-Strategy Alternative Fund A
1 mth -2.89%
3 mths -5.45%
6 mths -7.03%
YTD -6.26%
1 yr -5.97%
3 yrs * 2.83%
5 yrs *
10 yrs *
Since Inception * 3.47%

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

2019 2020 2021
Picton Mahoney Fortified Multi-Strategy Alternative Fund A 8.73% 6.53% 9.02%
Series Picton Mahoney Fortified Multi-Strategy Alternative Fund A
2019 8.73%
2020 6.53%
2021 9.02%

Risk Measures

Risk And Return Statistics Fund Benchmark **
Annualized Return 3.47% 4.74%
Annualized Standard Deviation 10.16% 9.49%
Sharpe Ratio 0.29 0.44
Beta 0.95
Upside Capture Ratio 80.13%
Downside Capture Ratio 81.62%
Maximum Drawdown -22.30% -19.67%
Peak Value Date of Maximum Drawdown 2020-02-21 2020-02-19
Trough Value Date of Maximum Drawdown 2020-03-18 2020-03-23

**5% FTSE TMX Canada 30 Day T-Bill Index, 40% MSCI World 100% Hedged to CAD Net Total Return Index, 5% LMBA Gold Price, 40% ICE BofAML Global Broad Market Index

Portfolio Allocations As at August 31, 2022

Dollar Allocation

Colours Name Weight
Interest Rates 39.40%
High Yield Credit Spreads 13.50%
Investment Grade Credit Spreads 10.80%
Precious Metals 5.50%
Industrial Metals 8.50%
Energy 4.40%
Grains 2.50%
Developed Market Equities 10.10%
Emerging Market Equities 3.50%
Momentum 7.38%
Value 4.87%
Quality 7.22%
Picton Mahoney Fortified Market Neutral Alternative Fund 25.50%
Picton Mahoney Fortified Income Alternative Fund 15.89%
Picton Mahoney Fortified Arbitrage Alternative Fund
Picton Mahoney Fortified Arbitrage Plus Alternative Fund 17.40%
Picton Mahoney Fortified Special Situation Alternative Fund 8.87%
Discretionary Market Hedges 2.50%

Risk Allocation

Colours Name Weight
Interest Rates 1.05%
High Yield Credit Spreads 0.61%
Investment Grade Credit Spreads 0.16%
Precious Metals 0.60%
Industrial Metals 1.39%
Energy 1.05%
Grains 0.63%
Developed Market Equities 0.98%
Emerging Market Equities 0.39%
Momentum 0.47%
Value 0.31%
Quality 0.40%
Picton Mahoney Fortified Market Neutral Alternative Fund 1.88%
Picton Mahoney Fortified Income Alternative Fund 0.63%
Picton Mahoney Fortified Arbitrage Alternative Fund
Picton Mahoney Fortified Arbitrage Plus Alternative Fund 1.12%
Picton Mahoney Fortified Special Situation Alternative Fund 0.22%
Discretionary Market Hedges 2.11%

Fees

Series Management Fee Fund codes
ETF 0.95% PFMS
Class A 1.95% PIC 3600
Class F 0.95% PIC 3601
Class FT 0.95% PIC 3603

Historical Net Asset Values

Start Date

End Date

Effective Date Net Asset Value Distributions
2022-09-30 $10.76
2022-09-29 $10.80
2022-09-28 $10.85
2022-09-27 $10.68
2022-09-26 $10.66
2022-09-23 $10.77
2022-09-22 $10.94
2022-09-21 $11.02
2022-09-20 $11.04
2022-09-19 $11.07
2022-09-16 $11.07
2022-09-15 $11.11
2022-09-14 $11.19
2022-09-13 $11.20
2022-09-12 $11.34
2022-09-09 $11.27
2022-09-08 $11.16
2022-09-07 $11.15
2022-09-06 $11.12
2022-09-02 $11.17
2022-09-01 $11.15
2022-08-31 $11.26
2022-08-30 $11.31
2022-08-29 $11.45
2022-08-26 $11.46
2022-08-25 $11.52
2022-08-24 $11.48
2022-08-23 $11.48
2022-08-22 $11.45
2022-08-19 $11.50
2022-08-18 $11.52
2022-08-17 $11.52
2022-08-16 $11.58
2022-08-15 $11.59
2022-08-12 $11.64
2022-08-11 $11.60
2022-08-10 $11.58
2022-08-09 $11.48
2022-08-08 $11.49
2022-08-05 $11.44
2022-08-04 $11.49
2022-08-03 $11.44
2022-08-02 $11.47
2022-07-29 $11.60
2022-07-28 $11.52
2022-07-27 $11.42
2022-07-26 $11.28
2022-07-25 $11.29
2022-07-22 $11.25
2022-07-21 $11.23
2022-07-20 $11.19
2022-07-19 $11.19
2022-07-18 $11.11
2022-07-15 $11.03
2022-07-14 $10.95
2022-07-13 $11.05
2022-07-12 $11.06
2022-07-11 $11.14
2022-07-08 $11.16
2022-07-07 $11.19
2022-07-06 $11.06
2022-07-05 $11.12
2022-07-04 $11.25
2022-06-30 $11.22
2022-06-29 $11.27
2022-06-28 $11.30
2022-06-27 $11.32
2022-06-24 $11.30
2022-06-23 $11.20
2022-06-22 $11.27
2022-06-21 $11.35
2022-06-20 $11.27
2022-06-17 $11.27
2022-06-16 $11.33
2022-06-15 $11.44
2022-06-14 $11.35
2022-06-13 $11.42
2022-06-10 $11.69
2022-06-09 $11.81
2022-06-08 $11.90
2022-06-07 $11.95
2022-06-06 $11.92
2022-06-03 $11.93
2022-06-02 $11.98
2022-06-01 $11.87
2022-05-31 $11.91
2022-05-30 $11.89
2022-05-27 $11.95
2022-05-26 $11.87
2022-05-25 $11.76
2022-05-24 $11.76
2022-05-20 $11.70
2022-05-19 $11.68
2022-05-18 $11.60
2022-05-17 $11.77
2022-05-16 $11.72
2022-05-13 $11.65
2022-05-12 $11.55
2022-05-11 $11.62
2022-05-10 $11.60
2022-05-09 $11.63
2022-05-06 $11.86
2022-05-05 $11.94
2022-05-04 $12.11
2022-05-03 $11.97
2022-05-02 $11.97
2022-04-29 $12.05
2022-04-28 $12.12
2022-04-27 $12.06
2022-04-26 $12.03
2022-04-25 $12.05
2022-04-22 $12.15
2022-04-21 $12.23
2022-04-20 $12.31
2022-04-19 $12.27
2022-04-18 $12.34
2022-04-14 $12.33
2022-04-13 $12.34
2022-04-12 $12.27
2022-04-11 $12.19
2022-04-08 $12.27
2022-04-07 $12.21
2022-04-06 $12.19
2022-04-05 $12.27
2022-04-04 $12.33
2022-04-01 $12.32
2022-03-31 $12.32
2022-03-30 $12.35
2022-03-29 $12.30
2022-03-28 $12.30
2022-03-25 $12.37
2022-03-24 $12.41
2022-03-23 $12.38
2022-03-22 $12.35
2022-03-21 $12.33
2022-03-18 $12.31
2022-03-17 $12.31
2022-03-16 $12.18
2022-03-15 $12.04
2022-03-14 $11.98
2022-03-11 $12.19
2022-03-10 $12.23
2022-03-09 $12.27
2022-03-08 $12.32
2022-03-07 $12.26
2022-03-04 $12.25
2022-03-03 $12.19
2022-03-02 $12.22
2022-03-01 $12.13
2022-02-28 $12.12
2022-02-25 $12.11
2022-02-24 $12.03
2022-02-23 $12.02
2022-02-22 $12.05
2022-02-18 $12.09
2022-02-17 $12.11
2022-02-16 $12.14
2022-02-15 $12.10
2022-02-14 $12.07
2022-02-11 $12.09
2022-02-10 $12.15
2022-02-09 $12.20
2022-02-08 $12.09
2022-02-07 $12.09
2022-02-04 $12.08
2022-02-03 $12.05
2022-02-02 $12.14
2022-02-01 $12.08
2022-01-31 $12.02
2022-01-28 $11.91
2022-01-27 $11.87
2022-01-26 $11.92
2022-01-25 $11.92
2022-01-24 $11.90
2022-01-21 $11.95
2022-01-20 $12.04
2022-01-19 $12.04
2022-01-18 $11.96
2022-01-17 $12.01
2022-01-14 $12.00
2022-01-13 $12.04
2022-01-12 $12.08
2022-01-11 $12.02
2022-01-10 $11.86
2022-01-07 $11.95
2022-01-06 $11.96
2022-01-05 $11.98
2022-01-04 $12.01
2021-12-31 $12.02
2021-12-30 $12.08
2021-12-29 $12.07
2021-12-24 $11.95
2021-12-23 $11.93
2021-12-22 $11.87
2021-12-21 $11.74
2021-12-20 $11.61
2021-12-17 $11.71
2021-12-16 $11.78
2021-12-15 $11.70
2021-12-14 $11.64
2021-12-13 $11.72
2021-12-10 $11.78
2021-12-09 $11.78
2021-12-08 $11.85
2021-12-07 $11.85
2021-12-06 $11.76
2021-12-03 $11.68
2021-12-02 $11.67
2021-12-01 $11.61
2021-11-30 $11.64
2021-11-29 $11.75
2021-11-26 $11.76
2021-11-25 $11.91
2021-11-24 $11.91
2021-11-23 $11.91
2021-11-22 $11.92
2021-11-19 $11.98
2021-11-18 $12.02
2021-11-17 $12.01
2021-11-16 $12.00
2021-11-15 $12.05
2021-11-12 $12.08
2021-11-11 $12.07
2021-11-10 $11.99
2021-11-09 $12.08
2021-11-08 $12.06
2021-11-05 $12.00
2021-11-04 $11.92
2021-11-03 $11.93
2021-11-02 $11.95
2021-11-01 $11.97
2021-10-29 $11.95
2021-10-28 $11.98
2021-10-27 $11.98
2021-10-26 $12.06
2021-10-25 $12.07
2021-10-22 $12.03
2021-10-21 $11.98
2021-10-20 $12.12
2021-10-19 $12.06
2021-10-18 $12.07
2021-10-15 $12.11
2021-10-14 $12.08
2021-10-13 $12.02
2021-10-12 $11.94
2021-10-08 $11.93
2021-10-07 $11.93
2021-10-06 $11.88
2021-10-05 $11.91
2021-10-04 $11.88

Portfolio Management

Neil Simons

Portfolio Manager, Multi-Asset Strategies

Michael White, CFA

Portfolio Manager, Multi-Asset Strategies

Dashmeet Singh, CFA

Portfolio Manager & Director, Quantitative Research/Risk