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PICTON Balanced Fund Class A
Tactical Balanced
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FundGrade B
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FundGrade A+® Rating Recipient
2025, 2022, 2021
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|
NAVPS (10-29-2026) |
$19.09 |
|---|---|
| Change |
-$0.02
(-0.12%)
|
As at September 30, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (November 02, 2015): 6.99%
| 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 | -1.21% | -2.13% | 5.36% | 4.66% | 5.21% | 9.29% | 12.04% | 10.66% | 6.30% | 7.52% | 7.87% | 7.27% | 6.83% | 6.66% |
| Benchmark | 0.35% | -0.75% | 9.44% | 9.10% | 9.32% | 11.53% | 14.97% | 13.80% | 7.48% | 7.64% | 7.95% | 7.84% | 7.90% | 7.52% |
| Category Average | -1.43% | -0.82% | 5.16% | 6.26% | 7.45% | 8.64% | 11.77% | 10.32% | 5.80% | 6.73% | 6.15% | 5.76% | 5.46% | 5.32% |
| Category Rank | 164 / 329 | 229 / 329 | 133 / 329 | 246 / 326 | 249 / 325 | 150 / 318 | 166 / 315 | 156 / 313 | 143 / 288 | 115 / 279 | 66 / 272 | 79 / 253 | 87 / 241 | 83 / 228 |
| Quartile Ranking | 2 | 3 | 2 | 4 | 4 | 2 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.14% | 0.31% | -0.92% | 1.44% | 1.35% | -3.38% | 3.68% | 2.27% | 1.53% | -1.21% | 0.27% | -1.21% |
| Benchmark | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% | 2.26% | -1.63% | 0.55% | 0.35% |
Best Monthly Return Since Inception
5.58% (November 2020)
Worst Monthly Return Since Inception
-7.02% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 10.48% | 6.36% | -3.60% | 11.00% | 14.48% | 9.62% | -8.24% | 7.30% | 15.00% | 11.64% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.78% | 6.18% | -5.55% | 12.58% | 5.65% | 9.53% | -9.83% | 8.35% | 11.73% | 10.14% |
| Quartile Ranking | 1 | 2 | 2 | 4 | 1 | 3 | 2 | 3 | 2 | 2 |
| Category Rank | 13/ 176 | 108/ 228 | 117/ 242 | 202/ 258 | 10/ 277 | 186/ 279 | 106/ 293 | 195/ 313 | 103/ 315 | 97/ 318 |
Best Calendar Return (Last 10 years)
15.00% (2024)
Worst Calendar Return (Last 10 years)
-8.24% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 28.50 |
| US Equity | 26.97 |
| International Equity | 17.36 |
| Canadian Equity | 10.75 |
| Canadian Corporate Bonds | 9.08 |
| Other | 7.34 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 28.50 |
| Technology | 15.49 |
| Fixed Income | 15.18 |
| Financial Services | 10.06 |
| Consumer Services | 4.59 |
| Other | 26.18 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 82.19 |
| Europe | 8.83 |
| Asia | 5.37 |
| Latin America | 2.28 |
| Africa and Middle East | 1.10 |
| Other | 0.23 |
Top Holdings
| Name | Percent |
|---|---|
| PICTON Global Equity Fund Class A | 43.86 |
| PICTON Income Fund Class A | 14.48 |
| iShares S&P/TSX 60 Index ETF (XIU) | 5.11 |
| CAD Currency | 4.95 |
| PICTON Inflation Opportunities Alternative Fd Cl A | 4.68 |
| Canadian Treasury Bill % 14-Jul-2027 | 3.37 |
| Canada Government 0.00% 07-Oct-2026 | 2.37 |
| Canada Government 0.00% 24-Feb-2027 | 2.36 |
| PICTON Long Short Equity Alternative Fund Class A | 2.29 |
| Canada Government 0.00% 27-Jan-2027 | 2.26 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PICTON Balanced Fund Class A
Median
Other - Tactical Balanced
3 Yr Annualized
| Standard Deviation | 5.65% | 6.67% | 6.53% |
|---|---|---|---|
| Beta | 0.76 | 0.75 | 0.76 |
| Alpha | 0.01 | 0.01 | 0.01 |
| Rsquared | 0.80% | 0.85% | 0.73% |
| Sharpe | 1.47 | 0.50 | 0.72 |
| Sortino | 2.95 | 0.76 | 0.85 |
| Treynor | 0.11 | 0.04 | 0.06 |
| Tax Efficiency | 92.84% | 92.13% | - |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.54% | 5.65% | 6.67% | 6.53% |
| Beta | 0.81 | 0.76 | 0.75 | 0.76 |
| Alpha | -0.02 | 0.01 | 0.01 | 0.01 |
| Rsquared | 0.87% | 0.80% | 0.85% | 0.73% |
| Sharpe | 0.47 | 1.47 | 0.50 | 0.72 |
| Sortino | 0.53 | 2.95 | 0.76 | 0.85 |
| Treynor | 0.04 | 0.11 | 0.04 | 0.06 |
| Tax Efficiency | 73.26% | 92.84% | 92.13% | - |
Fund Details
| Start Date | November 02, 2015 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $256 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC8600 | FE | Open |
Investment Objectives
The investment objective of the Picton Mahoney Fortified Multi-Asset Fund (the “Fund”) is to achieve long-term capital appreciation by investing primarily in global equity securities and global income securities while mitigating capital loss by engaging in hedging strategies for downside risk protection. The fundamental investment objective of the Fund will not change without the consent of a majority of the voting unitholders of the Fund.
Investment Strategy
To achieve its investment objective, the Fund’s portfolio will include a tactical blend of global equities, global fixed income securities, commodities as permitted by NI 81-102, derivatives of the securities in these asset classes and cash. The Fund may also invest in ETFs and other mutual funds, including mutual funds managed by the Portfolio Advisor. Using both systematic as well as discretionary approaches, the Portfolio Advisor will apply strategic and tactical allocations across the Fund.
Portfolio Management
| Portfolio Manager |
PICTON Investments
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
PICTON Investments |
|---|---|
| Custodian |
RBC Investor Services Trust |
| Registrar |
RBC Investor Services Trust |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | 500 |
| SWP Min Withdrawal | 500 |
Fees
| MER | 2.42% |
|---|---|
| Management Fee | 1.90% |
| 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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