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PICTON Long Short Income Alternative Fund Class A
Alternative Credit Focus
Click for more information on Fundata’s FundGrade
FundGrade D
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-08-2026) |
$9.31 |
|---|---|
| Change |
-$0.02
(-0.17%)
|
As at May 31, 2026
As at November 30, 2025
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Legend
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Fund Returns
Inception Return (July 05, 2019): 3.74%
| 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 | 0.69% | -0.12% | 0.32% | 0.14% | 3.06% | 4.50% | 5.14% | 4.09% | 2.45% | 4.18% | - | - | - | - |
| Benchmark | 1.41% | -0.55% | 0.39% | 1.78% | 2.90% | 5.87% | 4.11% | 3.23% | 0.83% | 0.37% | 1.26% | 1.96% | 1.65% | 1.78% |
| Category Average | 0.77% | 0.87% | 2.20% | 2.09% | 6.05% | 6.39% | 6.71% | 5.55% | 3.70% | 5.05% | 4.34% | - | - | - |
| Category Rank | 77 / 148 | 127 / 148 | 131 / 144 | 137 / 144 | 121 / 132 | 96 / 117 | 83 / 104 | 75 / 89 | 57 / 67 | 36 / 50 | - | - | - | - |
| Quartile Ranking | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.56% | 0.58% | 0.80% | 0.58% | 0.32% | -0.13% | 0.18% | 0.52% | -0.27% | -0.60% | -0.21% | 0.69% |
| Benchmark | 0.04% | -0.74% | 0.37% | 1.80% | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% |
Best Monthly Return Since Inception
2.86% (April 2020)
Worst Monthly Return Since Inception
-7.18% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | 7.53% | 2.78% | -4.29% | 5.69% | 6.58% | 4.84% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% | 7.97% | 5.39% |
| Quartile Ranking | - | - | - | - | 2 | 3 | 3 | 3 | 3 | 3 |
| Category Rank | - | - | - | - | 17/ 36 | 33/ 64 | 54/ 85 | 71/ 103 | 74/ 108 | 72/ 130 |
Best Calendar Return (Last 10 years)
7.53% (2020)
Worst Calendar Return (Last 10 years)
-4.29% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 73.41 |
| Foreign Corporate Bonds | 26.88 |
| Mortgages | 2.54 |
| US Equity | 1.99 |
| Canadian Equity | 1.18 |
| Other | -6.00 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 102.88 |
| Mutual Fund | 1.05 |
| Real Estate | 1.05 |
| Telecommunications | 0.79 |
| Energy | 0.75 |
| Other | -6.52 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.47 |
| Multi-National | 1.05 |
| Latin America | 0.52 |
| Other | -0.04 |
Top Holdings
| Name | Percent |
|---|---|
| Chemtrade Logistics Inc 6.38% 28-Aug-2029 | 2.45 |
| Mattamy Group Corp 4.63% 01-Mar-2028 | 2.22 |
| Sleep Country Canada Hldgs Inc 6.63% 28-Nov-2032 | 1.98 |
| Sunoco LP 4.38% 26-Mar-2029 | 1.94 |
| ATS Corp 6.50% 21-Aug-2032 | 1.85 |
| iA Financial Corp Inc 6.61% 30-Jun-2082 | 1.76 |
| Coeur Mining Inc 5.13% 15-Feb-2029 | 1.71 |
| Rocket Cos Inc 7.13% 01-Feb-2032 | 1.63 |
| Superior Plus LP 4.25% 18-May-2028 | 1.61 |
| Bank of Nova Scotia 7.02% 27-Jun-2027 | 1.60 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PICTON Long Short Income Alternative Fund Class A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 1.82% | 2.83% | - |
|---|---|---|---|
| Beta | 0.21 | 0.28 | - |
| Alpha | 0.04 | 0.02 | - |
| Rsquared | 0.37% | 0.33% | - |
| Sharpe | 0.80 | -0.15 | - |
| Sortino | 2.20 | -0.25 | - |
| Treynor | 0.07 | -0.02 | - |
| Tax Efficiency | 64.61% | 24.19% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.56% | 1.82% | 2.83% | - |
| Beta | 0.15 | 0.21 | 0.28 | - |
| Alpha | 0.03 | 0.04 | 0.02 | - |
| Rsquared | 0.14% | 0.37% | 0.33% | - |
| Sharpe | 0.43 | 0.80 | -0.15 | - |
| Sortino | 0.02 | 2.20 | -0.25 | - |
| Treynor | 0.05 | 0.07 | -0.02 | - |
| Tax Efficiency | 42.22% | 64.61% | 24.19% | - |
Fund Details
| Start Date | July 05, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,365 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3500 |
Investment Objectives
The investment objective of the Picton Mahoney Fortified Income Alternative Fund (the “Fund”) is to maximize total return to unitholders through income and capital appreciation by investing primarily in global fixed income securities while mitigating capital loss through shorting and other hedging strategies.
Investment Strategy
To achieve the investment objective, the Fund invests in an actively managed portfolio composed primarily of North American corporate debt securities. The Fund may also invest in government bonds, loans (including floating rate loans, senior loans, unsecured loans and distressed securities), convertible bonds and derivatives. The Fund may invest no more than 5% of its portfolio in preferred shares and equities.
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 | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 4.07% |
|---|---|
| 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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