SUBSCRIBE FR
PERFORMANCE SOLUTIONS TOOLS RESOURCES DOCUMENTATION ABOUT US

Overview

Daily NAV
$7.25
-0.03% ($0.00)
September 30, 2022
  • Inception Date
    October 19, 2012
  • Fund Size
    $22.78MM
  • Fund Strategy
    Long Short Credit
  • Fund Framework
    Closed-End Fund

Risk: Low to Medium

Low
Low To Moderate
Moderate
Moderate To High
High

Investment Objective

The investment objective of the Fund is to provide monthly income, preserve capital and mitigate risk with less volatility and less correlation to high-yield and equity markets, and maximize total return to Unitholders through distributions and capital appreciation, through exposure to an actively managed diversified portfolio of income producing securities.

Performance As at August 31, 2022

Growth of $10,000

Investment value: $12,257.50 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 Tactical Income Fund A 0.00% -0.16% -3.10% -4.26% -4.50% 2.33% 1.65% 2.65%
Series Picton Mahoney Tactical Income Fund A
1 mth 0.00%
3 mths -0.16%
6 mths -3.10%
YTD -4.26%
1 yr -4.50%
3 yrs * 2.33%
5 yrs * 1.65%
10 yrs *
Since Inception * 2.65%

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

2013 2014 2015 2016 2017 2018 2019 2020 2021
Picton Mahoney Tactical Income Fund A 7.73% -0.98% -5.37% 11.35% 7.01% -3.55% 4.94% 6.85% 3.37%
Series Picton Mahoney Tactical Income Fund A
2013 7.73%
2014 -0.98%
2015 -5.37%
2016 11.35%
2017 7.01%
2018 -3.55%
2019 4.94%
2020 6.85%
2021 3.37%

Risk Measures

Risk And Return Statistics Fund Benchmark **
Annualized Return 2.65% 3.56%
Annualized Standard Deviation 5.03% 6.53%
Sharpe Ratio 0.44 0.47
Beta 0.54
Upside Capture Ratio 62.29%
Downside Capture Ratio 52.70%
Maximum Drawdown -16.50% -19.88%
Peak Value Date of Maximum Drawdown 2014-07-31 2020-02-21
Trough Value Date of Maximum Drawdown 2016-02-16 2020-03-20

**75% ICE BofAML Global High Yield Index / 25% ICE BofAML Global Corporate Index (TR) (Hedged to CAD)

Portfolio Allocations As at August 31, 2022

Sector Allocation

Geographic Allocation (Gross)

Credit Ratings

Security Type Allocation

Top 10 Long Positions

Name Weight
Secure Energ Se 7.25% 30Dec26 3.17%
Cushman & Wakefield Us 6.75% 15May28 2.46%
Horizon Therapeutics Usa 5.5% 01Aug27 2.38%
Autocanada Inc 5.75% 07Feb29 2.29%
Freeport Minerals Corp 7.125% 01Nov27 2.22%
Parkland Corp 3.875% 16Jun26 2.16%
Rogers Communications Inc Frn 17Dec81 2.14%
Barclays Bank Plc Frn 31Dec49 2.00%
Northriver Midstream Fin 5.625% 15Feb26 1.96%
American Airlines Inc 11.75% 15Jul25 1.94%

Exposure Breakout ±±

Name Weight
Long 117.01%
Short -29.80%
Gross 146.81%
Net 87.21%

±± Exposure Breakout categories are shown as market values, except where indicated. Notional represents the total underlying notional exposure of the derivatives positions.

Fundamental Metrics

Fund Benchmark
Weighted Average Modified Duration 2.83 4.88
Credit Rating BB
Issuers 151 21308
Yield To Maturity 7.79% 6.35%

Fees

Series Management Fee Fund codes
Class A
Class F

Historical Net Asset Values

Start Date

End Date

Effective Date Net Asset Value Distributions
2022-09-30 $7.25 0.0333
2022-09-29 $7.28
2022-09-28 $7.31
2022-09-27 $7.31
2022-09-26 $7.32
2022-09-23 $7.32
2022-09-22 $7.34
2022-09-21 $7.34
2022-09-20 $7.34
2022-09-19 $7.34
2022-09-16 $7.35
2022-09-15 $7.37
2022-09-14 $7.37
2022-09-13 $7.38
2022-09-12 $7.38
2022-09-09 $7.39
2022-09-08 $7.38
2022-09-07 $7.38
2022-09-06 $7.37
2022-09-02 $7.39
2022-09-01 $7.38
2022-08-31 $7.39 0.0333
2022-08-30 $7.43
2022-08-29 $7.43
2022-08-26 $7.45
2022-08-25 $7.45
2022-08-24 $7.44
2022-08-23 $7.43
2022-08-22 $7.43
2022-08-19 $7.44
2022-08-18 $7.44
2022-08-17 $7.44
2022-08-16 $7.44
2022-08-15 $7.44
2022-08-12 $7.44
2022-08-11 $7.44
2022-08-10 $7.43
2022-08-09 $7.42
2022-08-08 $7.42
2022-08-05 $7.42
2022-08-04 $7.43
2022-08-03 $7.42
2022-08-02 $7.42
2022-07-29 $7.42 0.0333
2022-07-28 $7.43
2022-07-27 $7.41
2022-07-26 $7.40
2022-07-25 $7.40
2022-07-22 $7.41
2022-07-21 $7.38
2022-07-20 $7.36
2022-07-19 $7.34
2022-07-18 $7.34
2022-07-15 $7.33
2022-07-14 $7.31
2022-07-13 $7.32
2022-07-12 $7.33
2022-07-11 $7.33
2022-07-08 $7.32
2022-07-07 $7.33
2022-07-06 $7.32
2022-07-05 $7.32
2022-07-04 $7.31
2022-06-30 $7.31 0.0333
2022-06-29 $7.34
2022-06-28 $7.36
2022-06-27 $7.37
2022-06-24 $7.37
2022-06-23 $7.36
2022-06-22 $7.36
2022-06-21 $7.38
2022-06-20 $7.37
2022-06-17 $7.37
2022-06-16 $7.38
2022-06-15 $7.42
2022-06-14 $7.40
2022-06-13 $7.43
2022-06-10 $7.45
2022-06-09 $7.46
2022-06-08 $7.46
2022-06-07 $7.45
2022-06-06 $7.47
2022-06-03 $7.49
2022-06-02 $7.49
2022-06-01 $7.50
2022-05-31 $7.50 0.0333
2022-05-30 $7.53
2022-05-27 $7.53
2022-05-26 $7.53
2022-05-25 $7.49
2022-05-24 $7.49
2022-05-20 $7.50
2022-05-19 $7.52
2022-05-18 $7.54
2022-05-17 $7.57
2022-05-16 $7.57
2022-05-13 $7.57
2022-05-12 $7.57
2022-05-11 $7.60
2022-05-10 $7.60
2022-05-09 $7.59
2022-05-06 $7.63
2022-05-05 $7.66
2022-05-04 $7.66
2022-05-03 $7.66
2022-05-02 $7.67
2022-04-29 $7.68 0.0333
2022-04-28 $7.71
2022-04-27 $7.71
2022-04-26 $7.73
2022-04-25 $7.72
2022-04-22 $7.76
2022-04-21 $7.76
2022-04-20 $7.75
2022-04-19 $7.75
2022-04-18 $7.76
2022-04-14 $7.76
2022-04-13 $7.76
2022-04-12 $7.76
2022-04-11 $7.77
2022-04-08 $7.76
2022-04-07 $7.76
2022-04-06 $7.77
2022-04-05 $7.77
2022-04-04 $7.76
2022-04-01 $7.75
2022-03-31 $7.76 0.0333
2022-03-30 $7.79
2022-03-29 $7.79
2022-03-28 $7.77
2022-03-25 $7.78
2022-03-24 $7.78
2022-03-23 $7.78
2022-03-22 $7.79
2022-03-21 $7.80
2022-03-18 $7.79
2022-03-17 $7.79
2022-03-16 $7.78
2022-03-15 $7.78
2022-03-14 $7.78
2022-03-11 $7.78
2022-03-10 $7.78
2022-03-09 $7.79
2022-03-08 $7.78
2022-03-07 $7.80
2022-03-04 $7.80
2022-03-03 $7.82
2022-03-02 $7.83
2022-03-01 $7.84
2022-02-28 $7.83 0.0333
2022-02-25 $7.86
2022-02-24 $7.85
2022-02-23 $7.88
2022-02-22 $7.88
2022-02-18 $7.90
2022-02-17 $7.91
2022-02-16 $7.92
2022-02-15 $7.93
2022-02-14 $7.93
2022-02-11 $7.94
2022-02-10 $7.95
2022-02-09 $7.95
2022-02-08 $7.96
2022-02-07 $7.96
2022-02-04 $7.96
2022-02-03 $7.97
2022-02-02 $7.97
2022-02-01 $7.98
2022-01-31 $7.98 0.0333
2022-01-28 $8.03
2022-01-27 $8.04
2022-01-26 $8.04
2022-01-25 $8.03
2022-01-24 $8.03
2022-01-21 $8.03
2022-01-20 $8.04
2022-01-19 $8.03
2022-01-18 $8.03
2022-01-17 $8.02
2022-01-14 $8.02
2022-01-13 $8.02
2022-01-12 $8.01
2022-01-11 $8.02
2022-01-10 $8.01
2022-01-07 $8.02
2022-01-06 $8.00
2022-01-05 $8.01
2022-01-04 $8.00
2021-12-31 $7.99 0.0339
2021-12-30 $8.03
2021-12-29 $8.04
2021-12-24 $8.03
2021-12-23 $8.04
2021-12-22 $8.03
2021-12-21 $8.03
2021-12-20 $8.02
2021-12-17 $8.03
2021-12-16 $8.02
2021-12-15 $8.03
2021-12-14 $8.03
2021-12-13 $8.03
2021-12-10 $8.02
2021-12-09 $8.02
2021-12-08 $8.02
2021-12-07 $8.04
2021-12-06 $8.03
2021-12-03 $8.03
2021-12-02 $8.02
2021-12-01 $8.03
2021-11-30 $8.04 0.0339
2021-11-29 $8.08
2021-11-26 $8.08
2021-11-25 $8.09
2021-11-24 $8.08
2021-11-23 $8.08
2021-11-22 $8.09
2021-11-19 $8.08
2021-11-18 $8.08
2021-11-17 $8.08
2021-11-16 $8.08
2021-11-15 $8.08
2021-11-12 $8.07
2021-11-11 $8.07
2021-11-10 $8.07
2021-11-09 $8.06
2021-11-08 $8.07
2021-11-05 $8.07
2021-11-04 $8.06
2021-11-03 $8.07
2021-11-02 $8.07
2021-11-01 $8.08
2021-10-29 $8.08 0.0339
2021-10-28 $8.11
2021-10-27 $8.12
2021-10-26 $8.12
2021-10-25 $8.12
2021-10-22 $8.12
2021-10-21 $8.12
2021-10-20 $8.11
2021-10-19 $8.11
2021-10-18 $8.11
2021-10-15 $8.10
2021-10-14 $8.09
2021-10-13 $8.11
2021-10-12 $8.11
2021-10-08 $8.11
2021-10-07 $8.11
2021-10-06 $8.12
2021-10-05 $8.12
2021-10-04 $8.11