Overview

Daily NAV
$9.13
-0.71% ($0.06)
July 19, 2024
  • Inception Date
    July 13, 2021
  • Fund Size
    $60.06MM
  • Management Fee
    0.95%
  • Performance Fee
    20.00% ^
  • Hurdle Rate
    2.00%
  • High Water Mark
    Yes
  • Distributions
    Monthly; targeting a rate of 5% per annum
  • Fund Strategy
    Multi-Asset Strategy
  • 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 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 June 30, 2024

Growth of $10,000

Investment value: $10,650.31 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 Multi-Strategy Alternative Fund FT 0.13% 2.51% 7.66% 7.66% 11.79% 2.15%
Series Picton Mahoney Fortified Multi-Strategy Alternative Fund FT
1 mth 0.13%
3 mths 2.51%
6 mths 7.66%
YTD 7.66%
1 yr 11.79%
3 yrs *
5 yrs *
10 yrs *
Since Inception * 2.15%

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

2022 2023
Picton Mahoney Fortified Multi-Strategy Alternative Fund FT -4.82% 2.06%
Series Picton Mahoney Fortified Multi-Strategy Alternative Fund FT
2022 -4.82%
2023 2.06%

Risk Measures

Risk And Return Statistics Fund Benchmark **
Annualized Return 2.15% 4.08%
Annualized Standard Deviation 8.77% 9.01%
Sharpe Ratio -0.09 0.13
Beta 0.87
Upside Capture Ratio 80.56%
Downside Capture Ratio 90.68%
Maximum Drawdown -13.61% -13.10%
Peak Value Date of Maximum Drawdown 2022-03-24 2021-11-09
Trough Value Date of Maximum Drawdown 2022-09-26 2022-09-30

**5% FTSE Canada 30 Day T-Bill Index, 40% MSCI World 100% Hedged to CAD Net Total Return Index, 5% LMBA Gold Price, 40% ICE BofA Global Broad Market Index (Hedge to CAD), 10% S&P GSCI Canadian Dollar Hedged Index TR

Portfolio Allocations As at June 30, 2024

Dollar Allocation

Colours Name Weight
Interest Rates 33.70%
High Yield Credit Spreads 7.00%
Investment Grade Credit Spreads 11.00%
Precious Metals 3.30%
Industrial Metals 8.10%
Energy 7.30%
Grains 2.50%
Developed Market Equities 9.00%
Emerging Market Equities 5.30%
Momentum 8.68%
Value 5.49%
Quality 7.80%
Picton Mahoney Fortified Market Neutral Alternative Fund 31.26%
Picton Mahoney Fortified Income Alternative Fund 2.20%
Picton Mahoney Fortified Arbitrage Plus Alternative Fund 20.20%
Picton Mahoney Fortified Special Situation Alternative Fund 27.53%
Discretionary Market Hedges 0.55%

Risk Allocation

Colours Name Weight
Interest Rates 2.45%
High Yield Credit Spreads 0.40%
Investment Grade Credit Spreads 0.24%
Precious Metals 0.41%
Industrial Metals 1.75%
Energy 2.53%
Grains 0.46%
Developed Market Equities 1.10%
Emerging Market Equities 0.63%
Momentum 0.41%
Value 0.26%
Quality 0.36%
Picton Mahoney Fortified Market Neutral Alternative Fund 1.16%
Picton Mahoney Fortified Income Alternative Fund 0.05%
Picton Mahoney Fortified Arbitrage Plus Alternative Fund 0.51%
Picton Mahoney Fortified Special Situation Alternative Fund 0.78%
Discretionary Market Hedges 0.39%

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
2024-07-19 $9.13
2024-07-18 $9.20
2024-07-17 $9.23
2024-07-16 $9.30
2024-07-15 $9.26
2024-07-12 $9.29
2024-07-11 $9.26
2024-07-10 $9.21
2024-07-09 $9.17
2024-07-08 $9.21
2024-07-05 $9.23
2024-07-04 $9.22
2024-07-03 $9.22
2024-07-02 $9.14
2024-06-28 $9.13 0.0362
2024-06-27 $9.17
2024-06-26 $9.14
2024-06-25 $9.17
2024-06-24 $9.19
2024-06-21 $9.18
2024-06-20 $9.22
2024-06-19 $9.23
2024-06-18 $9.24
2024-06-17 $9.18
2024-06-14 $9.18
2024-06-13 $9.19
2024-06-12 $9.22
2024-06-11 $9.13
2024-06-10 $9.17
2024-06-07 $9.14
2024-06-06 $9.23
2024-06-05 $9.20
2024-06-04 $9.13
2024-06-03 $9.16
2024-05-31 $9.16 0.0362
2024-05-30 $9.20
2024-05-29 $9.23
2024-05-28 $9.30
2024-05-27 $9.26
2024-05-24 $9.25
2024-05-23 $9.21
2024-05-22 $9.26
2024-05-21 $9.34
2024-05-17 $9.30
2024-05-16 $9.27
2024-05-15 $9.28
2024-05-14 $9.20
2024-05-13 $9.20
2024-05-10 $9.20
2024-05-09 $9.23
2024-05-08 $9.20
2024-05-07 $9.21
2024-05-06 $9.19
2024-05-03 $9.12
2024-05-02 $9.07
2024-05-01 $9.02
2024-04-30 $9.02 0.0362
2024-04-29 $9.15
2024-04-26 $9.13
2024-04-25 $9.07
2024-04-24 $9.05
2024-04-23 $9.08
2024-04-22 $9.04
2024-04-19 $9.03
2024-04-18 $9.03
2024-04-17 $9.04
2024-04-16 $9.06
2024-04-15 $9.08
2024-04-12 $9.12
2024-04-11 $9.12
2024-04-10 $9.13
2024-04-09 $9.15
2024-04-08 $9.14
2024-04-05 $9.16
2024-04-04 $9.09
2024-04-03 $9.09
2024-04-02 $9.03
2024-04-01 $9.02
2024-03-28 $9.02 0.0362
2024-03-27 $9.01
2024-03-26 $8.99
2024-03-25 $9.00
2024-03-22 $9.00
2024-03-21 $9.01
2024-03-20 $8.98
2024-03-19 $8.95
2024-03-18 $8.94
2024-03-15 $8.92
2024-03-14 $8.90
2024-03-13 $8.92
2024-03-12 $8.90
2024-03-11 $8.90
2024-03-08 $8.88
2024-03-07 $8.91
2024-03-06 $8.85
2024-03-05 $8.80
2024-03-04 $8.81
2024-03-01 $8.81
2024-02-29 $8.72 0.0362
2024-02-28 $8.73
2024-02-27 $8.74
2024-02-26 $8.74
2024-02-23 $8.74
2024-02-22 $8.73
2024-02-21 $8.66
2024-02-20 $8.66
2024-02-16 $8.67
2024-02-15 $8.67
2024-02-14 $8.62
2024-02-13 $8.57
2024-02-12 $8.63
2024-02-09 $8.62
2024-02-08 $8.62
2024-02-07 $8.66
2024-02-06 $8.65
2024-02-05 $8.62
2024-02-02 $8.68
2024-02-01 $8.74
2024-01-31 $8.70 0.0362
2024-01-30 $8.74
2024-01-29 $8.71
2024-01-26 $8.69
2024-01-25 $8.68
2024-01-24 $8.64
2024-01-23 $8.62
2024-01-22 $8.61
2024-01-19 $8.60
2024-01-18 $8.60
2024-01-17 $8.55
2024-01-16 $8.63
2024-01-15 $8.68
2024-01-12 $8.66
2024-01-11 $8.63
2024-01-10 $8.60
2024-01-09 $8.61
2024-01-08 $8.60
2024-01-05 $8.61
2024-01-04 $8.61
2024-01-03 $8.64
2024-01-02 $8.64
2023-12-29 $8.69 0.0374
2023-12-28 $8.75
2023-12-27 $8.79
2023-12-22 $8.72
2023-12-21 $8.73
2023-12-20 $8.70
2023-12-19 $8.72
2023-12-18 $8.67
2023-12-15 $8.64
2023-12-14 $8.65
2023-12-13 $8.59
2023-12-12 $8.52
2023-12-11 $8.52
2023-12-08 $8.55
2023-12-07 $8.56
2023-12-06 $8.53
2023-12-05 $8.56
2023-12-04 $8.56
2023-12-01 $8.63
2023-11-30 $8.58 0.0374
2023-11-29 $8.63
2023-11-28 $8.62
2023-11-27 $8.58
2023-11-24 $8.58
2023-11-23 $8.61
2023-11-22 $8.62
2023-11-21 $8.63
2023-11-20 $8.63
2023-11-17 $8.59
2023-11-16 $8.56
2023-11-15 $8.59
2023-11-14 $8.61
2023-11-13 $8.48
2023-11-10 $8.46
2023-11-09 $8.44
2023-11-08 $8.46
2023-11-07 $8.48
2023-11-06 $8.50
2023-11-03 $8.53
2023-11-02 $8.48
2023-11-01 $8.37
2023-10-31 $8.33 0.0374
2023-10-30 $8.36
2023-10-27 $8.40
2023-10-26 $8.38
2023-10-25 $8.39
2023-10-24 $8.41
2023-10-23 $8.41
2023-10-20 $8.43
2023-10-19 $8.44
2023-10-18 $8.46
2023-10-17 $8.49
2023-10-16 $8.51
2023-10-13 $8.54
2023-10-12 $8.47
2023-10-11 $8.52
2023-10-10 $8.51
2023-10-06 $8.38
2023-10-05 $8.34
2023-10-04 $8.33
2023-10-03 $8.37
2023-10-02 $8.43
2023-09-29 $8.50 0.0374
2023-09-28 $8.56
2023-09-27 $8.55
2023-09-26 $8.57
2023-09-25 $8.60
2023-09-22 $8.63
2023-09-21 $8.60
2023-09-20 $8.65
2023-09-19 $8.62
2023-09-18 $8.66
2023-09-15 $8.68
2023-09-14 $8.70
2023-09-13 $8.65
2023-09-12 $8.64
2023-09-11 $8.64
2023-09-08 $8.61
2023-09-07 $8.62
2023-09-06 $8.64
2023-09-05 $8.65
2023-09-01 $8.70
2023-08-31 $8.66 0.0374
2023-08-30 $8.71
2023-08-29 $8.71
2023-08-28 $8.64
2023-08-25 $8.62
2023-08-24 $8.60
2023-08-23 $8.64
2023-08-22 $8.54
2023-08-21 $8.53
2023-08-18 $8.54
2023-08-17 $8.50
2023-08-16 $8.52
2023-08-15 $8.54
2023-08-14 $8.61
2023-08-11 $8.64
2023-08-10 $8.69
2023-08-09 $8.71
2023-08-08 $8.71
2023-08-04 $8.70
2023-08-03 $8.66
2023-08-02 $8.67
2023-08-01 $8.74
2023-07-31 $8.78 0.0374
2023-07-28 $8.80
2023-07-27 $8.74
2023-07-26 $8.79
2023-07-25 $8.79
2023-07-24 $8.76
2023-07-21 $8.73

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