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Picton Mahoney Fortified Core Bond Fund Class A

Global Fixed Income

NAVPS
(10-03-2024)
$10.40
Change
-$0.03 (-0.26%)

As at August 31, 2024

As at July 31, 2024

Period
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Legend

Picton Mahoney Fortified Core Bond Fund Class A

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Fund Returns

Inception Return (November 03, 2022): 6.98%

Fund Returns
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 0.64% 3.41% 4.53% 4.34% 8.35% - - - - - - - - -
Benchmark -0.22% 4.87% 3.98% 4.00% 6.25% 4.50% -2.49% -2.72% -1.51% 0.36% 0.67% 0.03% 0.80% 2.21%
Category Average 0.89% 3.75% 3.75% 2.82% 6.68% 3.53% -1.46% -0.82% 0.05% 1.12% 0.87% 0.78% 1.26% 1.35%
Category Rank 329 / 559 391 / 546 76 / 541 77 / 534 90 / 501 - - - - - - - - -
Quartile Ranking 3 3 1 1 1 - - - - - - - - -

Monthly Return

Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund -1.71% -0.09% 3.24% 2.42% -0.05% -0.13% 0.65% -0.96% 1.40% 0.93% 1.81% 0.64%
Benchmark -3.16% 1.33% 2.61% 1.46% 0.01% 0.00% 0.40% -1.24% 0.00% 1.16% 3.88% -0.22%

Best Monthly Return Since Inception

3.24% (November 2023)

Worst Monthly Return Since Inception

-1.71% (September 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - 5.93%
Benchmark 10.42% 16.63% -1.36% -0.08% 7.82% 1.45% 7.03% -6.05% -10.83% 2.72%
Category Average 4.74% 2.92% 2.08% 2.75% -0.04% 5.49% 5.94% -1.81% -10.70% 5.33%
Quartile Ranking - - - - - - - - - 2
Category Rank - - - - - - - - - 180/ 471

Best Calendar Return (Last 10 years)

5.93% (2023)

Worst Calendar Return (Last 10 years)

5.93% (2023)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 37.34
Canadian Government Bonds 32.67
Foreign Corporate Bonds 13.90
Cash and Equivalents 8.43
Foreign Government Bonds 4.92
Other 2.74

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.84
Cash and Cash Equivalent 8.43
Energy 1.61
Financial Services 0.77
Utilities 0.34
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.46
Europe 1.24
Latin America 0.09
Other 1.21

Top Holdings

Top Holdings
Name Percent
Ontario Province 1.75% 08-Sep-2025 2.57
Canada Government 1.50% 01-Dec-2031 2.51
USD Currency 2.38
Canada Government 0.25% 01-Mar-2026 2.33
Canada Government 2.75% 01-Jun-2033 2.21
Canada Government 1.75% 01-Dec-2053 2.02
Canada Government 2.25% 01-Jun-2029 1.69
Canada Government 1.00% 01-Sep-2026 1.67
United States Treasury 2.75% 15-Nov-2047 1.64
British Columbia Province 2.75% 18-Jun-2052 1.60

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating  out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.86% - - -
Beta 0.63% - - -
Alpha 0.04% - - -
Rsquared 0.65% - - -
Sharpe 0.69% - - -
Sortino 2.16% - - -
Treynor 0.05% - - -
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) $28

Fund Codes

FundServ Code Load Code Sales Status
PIC8520

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 Manager(s)

Name Start Date
Picton Mahoney Asset Management 11-01-2022

Management and Organization

Fund Manager Picton Mahoney Asset Management
Advisor Picton Mahoney Asset Management
Custodian RBC Investor Services Trust
Registrar RBC Investor Services Trust
Distributor -
Auditor PricewaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.81%
Management Fee 1.30%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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