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PERFORMANCE SOLUTIONS TOOLS RESOURCES DOCUMENTATION ABOUT US

Overview

Daily NAV
$9.45
-0.45% ($0.04)
September 30, 2022
  • Inception Date
    January 31, 2015
  • Fund Size
    $349.54MM
  • Management Fee
    1.00%
  • Performance Fee
    17.50%
  • Hurdle Rate
    5.00%
  • High Water Mark
    Yes
  • Fund Strategy
    Long Short Credit
  • Fund Framework
    Hedge Fund (Offering Memorandum)

Risk: Low

Low
Low To Moderate
Moderate
Moderate To High
High

Investment Objective

The Fund’s objective is to provide consistent long-term capital appreciation with an attractive risk-adjusted rate of return. The Fund aims to build a portfolio that is long the most attractive securities and short the most unattractive securities based on our multi-factor ranking system. We will buy income securities with superior credit quality and reasonable valuations and sell short income securities with inferior credit quality and expensive valuations. This portfolio will be structured to have positive but not full income market exposure.

Why Invest

Diversify Your Portfolio
With a solution that aims to provide income and capital gains with low correlation to other income assets.
Benefit From Proven Managers
Experienced running Authentic Hedge® strategies for over a decade.
Mitigate Income Investing Risks
With a fund designed with a tool kit to hedge the risks with income investing.

Performance As at August 31, 2022

Growth of $10,000

Investment value: $14,264.99 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 Income Opportunities Fund UF 0.23% 0.52% -1.87% -2.99% -2.95% 4.08% 3.64% 4.80%
Series Picton Mahoney Income Opportunities Fund UF
1 mth 0.23%
3 mths 0.52%
6 mths -1.87%
YTD -2.99%
1 yr -2.95%
3 yrs * 4.08%
5 yrs * 3.64%
10 yrs *
Since Inception * 4.80%

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

2016 2017 2018 2019 2020 2021
Picton Mahoney Income Opportunities Fund UF 14.89% 10.40% -0.45% 6.26% 9.68% 4.09%
Series Picton Mahoney Income Opportunities Fund UF
2016 14.89%
2017 10.40%
2018 -0.45%
2019 6.26%
2020 9.68%
2021 4.09%

Risk Measures

Risk And Return Statistics Fund Benchmark **
Annualized Return 4.80% 3.34%
Annualized Standard Deviation 5.48% 7.03%
Sharpe Ratio 0.73 0.38
Beta 0.54
Upside Capture Ratio 72.63%
Downside Capture Ratio 35.61%
Maximum Drawdown -14.72% -17.14%
Peak Value Date of Maximum Drawdown 2015-06-26 2020-02-21
Trough Value Date of Maximum Drawdown 2016-02-12 2020-03-20

**30% S&P/TSX COMPOSITE INDEX (TR), 40% ICE BofAML CANADA BROAD MARKET INDEX (TR), AND 30% MSCI WORLD INDEX (NET RETURNS) (in CAD )

Portfolio Allocations As at August 31, 2021

Fees

Series Management Fee Fund codes
Class UA 2.00% PIC 507
Class UF 1.00% PIC 508

Historical Net Asset Values

Start Date

End Date

Effective Date Net Asset Value Distributions
2022-09-30 $9.45 0.0427
2022-09-23 $9.53
2022-09-16 $9.55
2022-09-09 $9.61
2022-09-02 $9.61
2022-08-31 $9.61
2022-08-26 $9.63 0.0427
2022-08-19 $9.66
2022-08-12 $9.65
2022-08-05 $9.63
2022-07-29 $9.63 0.0427
2022-07-22 $9.60
2022-07-15 $9.50
2022-07-08 $9.48
2022-06-30 $9.46 0.0427
2022-06-24 $9.54
2022-06-17 $9.54
2022-06-10 $9.64
2022-06-03 $9.66
2022-05-31 $9.69
2022-05-27 $9.69 0.0427
2022-05-20 $9.69
2022-05-13 $9.78
2022-05-06 $9.85
2022-04-29 $9.90 0.0427
2022-04-22 $10.00
2022-04-14 $10.00
2022-04-08 $9.99
2022-04-01 $9.96
2022-03-31 $9.97
2022-03-25 $9.95 0.0427
2022-03-18 $10.00
2022-03-11 $10.00
2022-03-04 $10.01
2022-02-28 $10.05
2022-02-25 $10.06 0.0427
2022-02-18 $10.15
2022-02-11 $10.20
2022-02-04 $10.23
2022-01-31 $10.26
2022-01-28 $10.28 0.0427
2022-01-21 $10.31
2022-01-14 $10.29
2022-01-07 $10.28
2021-12-31 $10.25 0.0432
2021-12-24 $10.30 0.0154
2021-12-17 $10.30
2021-12-10 $10.29
2021-12-03 $10.30
2021-11-30 $10.31
2021-11-26 $10.32 0.0432
2021-11-19 $10.36
2021-11-12 $10.36
2021-11-05 $10.34
2021-10-29 $10.35 0.0432
2021-10-22 $10.40
2021-10-15 $10.38
2021-10-08 $10.39