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PICTON Credit Opportunities 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 (10-23-2026) |
$8.44 |
|---|---|
| Change |
-$0.01
(-0.15%)
|
As at September 30, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (July 13, 2021): 2.55%
| 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 | -1.34% | -1.67% | -1.07% | -2.34% | -1.99% | 2.20% | 4.60% | 4.31% | 2.78% | - | - | - | - | - |
| Benchmark | -1.18% | -3.03% | -1.17% | -0.88% | -1.22% | 0.70% | 4.57% | 2.98% | 0.24% | -0.47% | 0.59% | 1.71% | 1.72% | 1.20% |
| Category Average | -1.06% | -0.83% | 0.90% | 1.40% | 2.13% | 4.13% | 6.32% | 5.99% | 3.55% | 4.08% | 4.09% | - | - | - |
| Category Rank | 114 / 162 | 123 / 158 | 132 / 150 | 137 / 146 | 136 / 145 | 107 / 123 | 88 / 107 | 75 / 90 | 59 / 85 | - | - | - | - | - |
| Quartile Ranking | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | - | - | - | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.37% | -0.29% | 0.28% | 0.53% | -1.00% | -0.82% | -0.21% | 0.67% | 0.15% | -0.06% | -0.27% | -1.34% |
| Benchmark | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% | -0.27% | -1.18% |
Best Monthly Return Since Inception
2.43% (November 2023)
Worst Monthly Return Since Inception
-2.19% (May 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | -2.54% | 6.53% | 8.02% | 5.43% |
| 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 | 2 |
| Category Rank | - | - | - | - | - | - | 39/ 85 | 56/ 103 | 56/ 108 | 65/ 133 |
Best Calendar Return (Last 10 years)
8.02% (2024)
Worst Calendar Return (Last 10 years)
-2.54% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 78.29 |
| Foreign Corporate Bonds | 21.00 |
| Cash and Equivalents | 18.44 |
| US Equity | 5.50 |
| Canadian Equity | 0.29 |
| Other | -23.52 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 75.78 |
| Cash and Cash Equivalent | 18.44 |
| Telecommunications | 1.89 |
| Financial Services | 1.49 |
| Real Estate | 0.95 |
| Other | 1.45 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.56 |
| Latin America | 1.46 |
| Europe | -0.02 |
Top Holdings
| Name | Percent |
|---|---|
| USD Currency | 14.51 |
| Rocket Cos Inc 7.13% 01-Feb-2032 | 3.26 |
| Williams Scotsman Inc 4.63% 15-Aug-2028 | 2.55 |
| Coeur Mining Inc 5.13% 15-Feb-2029 | 2.53 |
| Sunoco LP 4.63% 01-May-2030 | 2.45 |
| North American Construction Group Ltd 7.75% 01-May-2030 | 2.36 |
| CAD Currency | 2.28 |
| Coeur Mining Inc 6.88% 01-Apr-2032 | 2.24 |
| Mattr Corp 7.25% 02-Apr-2031 | 2.18 |
| Secure Waste Infrastructure Corp 5.75% 20-Nov-2032 | 2.11 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PICTON Credit Opportunities Alternative Fund Class A
Median
Other - Alternative Credit Focus
3 Yr Annualized
| Standard Deviation | 2.53% | 3.24% | - |
|---|---|---|---|
| Beta | 0.26 | 0.21 | - |
| Alpha | 0.03 | 0.03 | - |
| Rsquared | 0.27% | 0.15% | - |
| Sharpe | 0.49 | -0.08 | - |
| Sortino | 0.93 | -0.08 | - |
| Treynor | 0.05 | -0.01 | - |
| Tax Efficiency | 58.47% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.17% | 2.53% | 3.24% | - |
| Beta | 0.17 | 0.26 | 0.21 | - |
| Alpha | -0.02 | 0.03 | 0.03 | - |
| Rsquared | 0.10% | 0.27% | 0.15% | - |
| Sharpe | -1.94 | 0.49 | -0.08 | - |
| Sortino | -2.02 | 0.93 | -0.08 | - |
| Treynor | -0.25 | 0.05 | -0.01 | - |
| Tax Efficiency | - | 58.47% | - | - |
Fund Details
| 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 | Monthly |
| Assets ($mil) | $385 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3550 | FE | Open |
Investment Objectives
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
Investment Strategy
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.
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 (Canada) |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 4.47% |
|---|---|
| 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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