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Alternative Credit Focus
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|
NAVPS (05-08-2024) |
$8.91 |
|---|---|
| Change |
$0.00
(0.04%)
|
As at April 30, 2024
As at March 31, 2024
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Inception Return (July 13, 2021): 1.76%
| 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 | 0.17% | 1.34% | 6.47% | 2.40% | 6.67% | 3.45% | - | - | - | - | - | - | - | - |
| Benchmark | -1.95% | -1.87% | 4.32% | -3.20% | -0.95% | 0.45% | -2.16% | -2.21% | -0.14% | 0.85% | 0.60% | 0.90% | 1.04% | 1.75% |
| Category Average | -0.37% | 6.19% | 6.19% | 1.54% | 5.73% | 4.10% | 1.71% | 4.54% | 3.37% | - | - | - | - | - |
| Category Rank | 47 / 111 | 62 / 111 | 49 / 110 | 54 / 111 | 50 / 107 | 43 / 92 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 2 | 3 | 2 | 2 | 2 | 2 | - | - | - | - | - | - | - | - |
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.34% | 0.95% | 0.41% | -0.02% | 0.24% | -1.05% | 2.43% | 1.50% | 1.05% | 0.50% | 0.66% | 0.17% |
| Benchmark | -1.62% | -0.04% | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% |
2.43% (November 2023)
-2.19% (May 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | -2.54% | 6.53% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | - | 2 | 3 |
| Category Rank | - | - | - | - | - | - | - | - | 36/ 88 | 54/ 106 |
6.53% (2023)
-2.54% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 59.17 |
| Foreign Corporate Bonds | 34.72 |
| Canadian Equity | 9.88 |
| US Equity | 0.69 |
| Foreign Government Bonds | 0.56 |
| Other | -5.02 |
| Name | Percent |
|---|---|
| Fixed Income | 93.88 |
| Energy | 5.73 |
| Basic Materials | 2.09 |
| Financial Services | 1.92 |
| Utilities | 0.90 |
| Other | -4.52 |
| Name | Percent |
|---|---|
| North America | 98.50 |
| Europe | 1.31 |
| Latin America | 0.18 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| CAD Currency | 6.79 |
| Royal Bank of Canada 4.50% 24-Oct-2025 | 3.48 |
| Prime Healthcare Services Inc 7.25% 01-Nov-2025 | 3.17 |
| Toronto-Dominion Bank 7.23% PERP | 3.07 |
| Royal Bank of Canada 7.41% 31-Dec-2049 | 2.81 |
| Vista Outdoor Inc 4.50% 15-Mar-2029 | 2.65 |
| National Bank of Canada 7.50% 16-Nov-2082 | 2.47 |
| Doman Building Mats Group Ltd 5.25% 15-May-2026 | 2.43 |
| APX Group Inc 5.75% 15-Jul-2029 | 2.43 |
| First Quantum Minerals Ltd 9.38% 01-Mar-2029 | 2.32 |
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | - | - | - | - |
| Beta | - | - | - | - |
| Alpha | - | - | - | - |
| Rsquared | - | - | - | - |
| Sharpe | - | - | - | - |
| Sortino | - | - | - | - |
| Treynor | - | - | - | - |
| Tax Efficiency | - | - | - | - |
| Start Date | July 13, 2021 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $207 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3550 |
The investment objective of the Picton Mahoney Fortified Special Situations Alternative Fund (the “Fund”) is to maximize total return to unitholders through income and capital appreciation by investing primarily in event-driven situations in global fixed income while mitigating capital loss through shorting and other hedging strategies
The Fund seeks to build a diversified portfolio by investing long or short in event driven, credit situations including fixed income securities that are impacted by some form of catalyst such as a corporate event, capital structure reorganization or other opportunistic situations.
| Name | Start Date |
|---|---|
| Picton Mahoney Asset Management | 07-12-2021 |
| Fund Manager | Picton Mahoney Asset Management |
|---|---|
| Advisor | Picton Mahoney Asset Management |
| Custodian | RBC Investor Services Trust |
| Registrar | RBC Investor Services Trust (Canada) |
| Distributor | - |
| Auditor | PricewaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 3.48% |
|---|---|
| Management Fee | 1.95% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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