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PICTON Core Bond Fund Class A
Global Core Plus Fixd Inc
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FundGrade C
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FundGrade A+® Rating Recipient
2025
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|
NAVPS (11-03-2026) |
$9.96 |
|---|---|
| Change |
-$0.01
(-0.14%)
|
As at September 30, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (November 03, 2022): 3.98%
| 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 | -1.77% | -3.16% | -2.15% | -2.21% | -2.54% | 0.80% | 4.32% | - | - | - | - | - | - | - |
| Benchmark | -0.38% | -3.13% | -0.91% | -0.21% | -1.73% | 1.78% | 5.02% | 3.78% | -0.24% | -1.29% | -0.11% | 1.17% | 1.26% | 0.50% |
| Category Average | -1.70% | -2.86% | -1.39% | -1.78% | -1.47% | - | - | - | - | - | - | - | - | - |
| Category Rank | 231 / 382 | 193 / 382 | 265 / 380 | 204 / 380 | 247 / 376 | 151 / 364 | 120 / 336 | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 3 | 3 | 3 | 3 | 2 | 2 | - | - | - | - | - | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.53% | 0.07% | -0.92% | 0.54% | 0.81% | -1.40% | -0.18% | 0.93% | 0.29% | -1.22% | -0.20% | -1.77% |
| Benchmark | 0.41% | -0.23% | -1.70% | -0.25% | 1.83% | -0.86% | -1.43% | 1.42% | 2.33% | -1.94% | -0.84% | -0.38% |
Best Monthly Return Since Inception
3.24% (November 2023)
Worst Monthly Return Since Inception
-1.77% (September 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | 5.93% | 5.90% | 3.76% |
| Benchmark | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% | 3.01% |
| Category Average | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | 2 | 1 | 2 |
| Category Rank | - | - | - | - | - | - | - | 123/ 327 | 63/ 354 | 182/ 367 |
Best Calendar Return (Last 10 years)
5.93% (2023)
Worst Calendar Return (Last 10 years)
3.76% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Government Bonds | 50.92 |
| Canadian Corporate Bonds | 38.02 |
| Foreign Corporate Bonds | 8.30 |
| Cash and Equivalents | 1.96 |
| US Equity | 0.71 |
| Other | 0.09 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 97.33 |
| Cash and Cash Equivalent | 1.96 |
| Telecommunications | 0.26 |
| Financial Services | 0.24 |
| Real Estate | 0.21 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.25 |
| Latin America | 0.34 |
| Other | 0.41 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 1.50% 01-Dec-2031 | 4.23 |
| Canada Government 3.25% 01-Dec-2035 | 2.86 |
| Canada Government 2.75% 01-Sep-2030 | 2.42 |
| Canada Government 3.25% 01-Dec-2034 | 2.27 |
| Canada Government 1.50% 01-Jun-2031 | 1.89 |
| Canada Government 1.75% 01-Dec-2053 | 1.71 |
| Ontario Province 3.75% 02-Jun-2032 | 1.66 |
| Province of Ontario Canada 3.90% 02-Jun-2036 | 1.41 |
| Canada Government 2.50% 01-Nov-2027 | 1.23 |
| Toronto City 3.50% 02-Jun-2036 | 1.19 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PICTON Core Bond Fund Class A
Median
Other - Global Core Plus Fixd Inc
3 Yr Annualized
| Standard Deviation | 3.56% | - | - |
|---|---|---|---|
| Beta | 0.56 | - | - |
| Alpha | 0.01 | - | - |
| Rsquared | 0.53% | - | - |
| Sharpe | 0.28 | - | - |
| Sortino | 0.60 | - | - |
| Treynor | 0.02 | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.16% | 3.56% | - | - |
| Beta | 0.45 | 0.56 | - | - |
| Alpha | -0.02 | 0.01 | - | - |
| Rsquared | 0.46% | 0.53% | - | - |
| Sharpe | -1.50 | 0.28 | - | - |
| Sortino | -1.68 | 0.60 | - | - |
| Treynor | -0.11 | 0.02 | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | November 03, 2022 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $245 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC8520 | ISC | Open |
Investment Objectives
The investment objective of the Picton Mahoney Fortified Core Bond Fund (the “Fund”) is to preserve capital while maximizing total return to unitholders (“Unitholders”) predominantly through income, supplemented with capital appreciation. The Fund invests primarily in a well-diversified portfolio of North American fixed-income securities and engages in hedging strategies for volatility management and risk mitigation.
Investment Strategy
The Fund will be constructed using the Manager’s proprietary portfolio construction and risk analysis framework and to create an efficient portfolio with a total volatility level that is consistent with its benchmark. To achieve the investment objective, the Fund invests in an actively managed portfolio composed primarily of investment-grade government and corporate bonds of Canadian and U.S. issuers.
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 | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 1.45% |
|---|---|
| Management Fee | 1.30% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.65% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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