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Alternative Market Neutrl
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2023, 2022
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|
NAVPS (05-01-2024) |
$14.05 |
|---|---|
| Change |
$0.02
(0.13%)
|
As at March 31, 2024
As at February 29, 2024
As at February 29, 2024
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Inception Return (September 27, 2018): 6.54%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.66% | 4.30% | 2.97% | 4.30% | 5.07% | 4.70% | 5.12% | 8.80% | 6.93% | - | - | - | - | - |
| Benchmark | 4.14% | 6.62% | 15.26% | 6.62% | 13.96% | 3.95% | 9.11% | 16.99% | 9.96% | 9.65% | 8.48% | 9.70% | 7.76% | 7.67% |
| Category Average | 1.10% | 4.60% | 4.60% | 3.73% | 7.21% | 3.35% | 0.05% | 1.49% | - | - | - | - | - | - |
| Category Rank | 18 / 24 | 10 / 23 | 16 / 23 | 10 / 23 | 17 / 23 | 11 / 23 | 6 / 19 | 5 / 12 | - | - | - | - | - | - |
| Quartile Ranking | 3 | 2 | 3 | 2 | 3 | 2 | 2 | 2 | - | - | - | - | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.05% | 0.87% | -0.10% | -0.83% | 1.40% | 0.64% | -1.22% | 0.59% | -0.64% | 2.78% | 0.81% | 0.66% |
| Benchmark | 2.90% | -4.95% | 3.36% | 2.58% | -1.37% | -3.33% | -3.21% | 7.48% | 3.91% | 0.55% | 1.82% | 4.14% |
4.17% (April 2020)
-4.56% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | 4.93% | 16.21% | 4.98% | 4.75% | 1.88% |
| Benchmark | 10.55% | -8.32% | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% |
| Category Average | - | - | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% |
| Quartile Ranking | - | - | - | - | - | - | 2 | 2 | 2 | 4 |
| Category Rank | - | - | - | - | - | - | 4/ 12 | 7/ 19 | 7/ 23 | 20/ 23 |
16.21% (2020)
1.88% (2023)
| Name | Percent |
|---|---|
| Cash and Equivalents | 64.68 |
| Canadian Equity | 38.32 |
| Income Trust Units | 2.72 |
| Canadian Corporate Bonds | 1.58 |
| Foreign Corporate Bonds | -0.34 |
| Other | -6.96 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 64.71 |
| Financial Services | 11.89 |
| Basic Materials | 4.52 |
| Real Estate | 4.07 |
| Energy | 3.91 |
| Other | 10.90 |
| Name | Percent |
|---|---|
| North America | 101.08 |
| Latin America | 0.16 |
| Multi-National | 0.14 |
| Europe | -0.31 |
| Africa and Middle East | -0.39 |
| Other | -0.68 |
| Name | Percent |
|---|---|
| CAD Currency | 29.40 |
| Canadian Treasury Bill % 01-Aug-2024 | 13.55 |
| Canada, Government of % 09-May-2024 | 12.70 |
| USD Currency | 7.38 |
| Sun Life Financial Inc | 3.08 |
| Element Fleet Management Corp | 2.98 |
| Canadian Pacific Kansas City Ltd | 2.94 |
| Royal Bank of Canada | 2.76 |
| Bank of Montreal | 2.48 |
| iShares Russell 2000 Value ETF (IWN) | 2.42 |
Picton Mahoney Fortified Market Neutral Alternative Fund Class A
Median
Other - Alternative Market Neutrl
| Standard Deviation | 3.15% | 5.00% | - |
|---|---|---|---|
| Beta | 0.03% | 0.15% | - |
| Alpha | 0.05% | 0.05% | - |
| Rsquared | 0.02% | 0.21% | - |
| Sharpe | 0.77% | 0.98% | - |
| Sortino | 1.03% | 1.25% | - |
| Treynor | 0.72% | 0.34% | - |
| Tax Efficiency | 96.54% | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.74% | 3.15% | 5.00% | - |
| Beta | -0.03% | 0.03% | 0.15% | - |
| Alpha | 0.05% | 0.05% | 0.05% | - |
| Rsquared | 0.01% | 0.02% | 0.21% | - |
| Sharpe | 0.07% | 0.77% | 0.98% | - |
| Sortino | 0.97% | 1.03% | 1.25% | - |
| Treynor | -0.08% | 0.72% | 0.34% | - |
| Tax Efficiency | 89.94% | 96.54% | - | - |
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
| Start Date | September 27, 2018 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3100 |
The investment objective of the Picton Mahoney Fortified Market Neutral Alternative Fund (the “Fund”) is to provide consistent long-term capital appreciation and to provide unitholders with an attractive risk-adjusted rate of return with less volatility than traditional equity markets and low correlation to major equity markets.
To achieve the investment objective, the Fund invests in an actively managed long portfolio comprised primarily of equity securities identified as attractive investment candidates by the Portfolio Advisor’s investment process. Consistent with the investment objectives of the Fund, up to 100% of the aggregate market value of the Fund may be sold short, as permitted by securities regulations.
| Name | Start Date |
|---|---|
| Picton Mahoney Asset Management | 09-27-2018 |
| Fund Manager | Picton Mahoney Asset Management |
|---|---|
| Advisor | Picton Mahoney Asset Management |
| Custodian | RBC Investor & Treasury Services |
| Registrar | RBC Investor & Treasury Services |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 2.79% |
|---|---|
| Management Fee | 1.95% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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