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PICTON Investment Grade Alternative Fund Class A
Alternative Credit Focus
|
NAVPS (10-23-2026) |
$9.11 |
|---|---|
| Change |
-$0.03
(-0.28%)
|
As at September 30, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (November 06, 2024): 2.47%
| 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 | -0.53% | -0.53% | 0.39% | 0.29% | 1.26% | - | - | - | - | - | - | - | - | - |
| 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 | 43 / 162 | 58 / 158 | 80 / 150 | 100 / 146 | 85 / 145 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 2 | 2 | 3 | 3 | 3 | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.45% | 0.17% | 0.34% | 0.52% | -0.19% | -0.43% | 0.50% | 0.43% | -0.01% | -0.10% | 0.10% | -0.53% |
| 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
0.90% (July 2025)
Worst Monthly Return Since Inception
-0.53% (September 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 3.64% |
| 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 | - | - | - | - | - | - | - | - | - | 4 |
| Category Rank | - | - | - | - | - | - | - | - | - | 111/ 133 |
Best Calendar Return (Last 10 years)
3.64% (2025)
Worst Calendar Return (Last 10 years)
3.64% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 118.03 |
| Foreign Corporate Bonds | 22.92 |
| Cash and Equivalents | 7.18 |
| Foreign Government Bonds | -4.12 |
| Canadian Government Bonds | -44.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 92.82 |
| Cash and Cash Equivalent | 7.18 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 95.23 |
| Other | 4.77 |
Top Holdings
| Name | Percent |
|---|---|
| CAD Currency | 4.31 |
| Toronto-Dominion Bank 8.13% 31-Oct-2027 | 4.22 |
| General Motors Fncl Canada Ltd 5.20% 09-Jan-2028 | 3.40 |
| Federation Csses Desjardins Qc 5.47% 17-Oct-2028 | 3.40 |
| Rogers Communications Inc 5.00% 17-Dec-2081 | 3.30 |
| First Citizens BancShares Inc 6.25% 12-Dec-2034 | 3.29 |
| Enbridge Inc 6.00% 15-Jan-2027 | 3.20 |
| Allied Properties REIT 07-Apr-2027 | 3.12 |
| Bank of Nova Scotia 8.63% 27-Oct-2027 | 2.98 |
| USD Currency | 2.87 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.26% | - | - | - |
| Beta | 0.15 | - | - | - |
| Alpha | 0.01 | - | - | - |
| Rsquared | 0.23% | - | - | - |
| Sharpe | -0.77 | - | - | - |
| Sortino | -1.43 | - | - | - |
| Treynor | -0.07 | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | November 06, 2024 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $29 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3400 | FE | Open |
Investment Objectives
The investment objective of the Fund is to enhance yield and return potential through exposure to high-quality, investment-grade credit. The Fund invests primarily in North American investment grade corporate and government debt securities.
Investment Strategy
The investment strategy of the Fund is to achieve the investment objective, the Fund employs a long/short North American strategy focused primarily on investment-grade credit to generate robust risk-adjusted returns by actively trading outright and relative value opportunities in the market.
Portfolio Management
| Portfolio Manager |
PICTON Investments
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
PICTON Investments |
|---|---|
| Custodian |
TD Securities Inc. |
| Registrar |
RBC Investor Services Trust TSX Trust Company |
| 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 | 2.57% |
|---|---|
| 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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