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PICTON Market Neutral Equity Alternative Fund Class A
Alternative Market Neutrl
Click for more information on Fundata’s FundGrade
FundGrade A
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade D
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FundGrade A+® Rating Recipient
2025, 2024, 2023, 2022
Click for more information on Fundata’s FundGrade
|
NAVPS (05-13-2026) |
$15.76 |
|---|---|
| Change |
$0.02
(0.14%)
|
As at April 30, 2026
As at November 30, 2025
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (September 27, 2018): 6.42%
| 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 | 0.16% | -0.77% | -0.36% | -0.98% | 2.72% | 5.58% | 5.91% | 5.62% | 5.24% | 7.24% | 6.76% | - | - | - |
| Benchmark | 3.81% | 7.00% | 13.54% | 7.89% | 40.10% | 28.50% | 21.54% | 16.52% | 15.51% | 18.30% | 14.14% | 13.56% | 12.35% | 12.61% |
| Category Average | -0.19% | -0.10% | 0.83% | 0.06% | 4.55% | 5.54% | 5.92% | 4.48% | 2.03% | 2.62% | 1.55% | - | - | - |
| Category Rank | 21 / 39 | 28 / 39 | 28 / 39 | 29 / 39 | 24 / 39 | 13 / 34 | 13 / 33 | 14 / 30 | 13 / 25 | 9 / 16 | 5 / 14 | - | - | - |
| Quartile Ranking | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 2 | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.21% | 0.20% | 0.20% | -0.01% | 0.79% | 0.66% | 0.15% | 0.49% | -0.22% | 0.40% | -1.32% | 0.16% |
| Benchmark | 5.56% | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% |
Best Monthly Return Since Inception
4.17% (April 2020)
Worst Monthly Return Since Inception
-4.56% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 4.93% | 16.21% | 4.98% | 4.75% | 1.88% | 14.12% | 4.41% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | -3.57% | -6.24% | -1.79% | 4.02% | 9.41% | 5.55% |
| Quartile Ranking | - | - | - | - | 1 | 2 | 2 | 3 | 2 | 3 |
| Category Rank | - | - | - | - | 4/ 16 | 11/ 22 | 11/ 30 | 24/ 33 | 11/ 33 | 21/ 39 |
Best Calendar Return (Last 10 years)
16.21% (2020)
Worst Calendar Return (Last 10 years)
1.88% (2023)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 44.88 |
| Canadian Equity | 39.09 |
| Canadian Government Bonds | 7.15 |
| US Equity | 7.07 |
| Income Trust Units | 3.38 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 44.88 |
| Financial Services | 10.67 |
| Basic Materials | 8.47 |
| Technology | 8.04 |
| Fixed Income | 7.00 |
| Other | 20.94 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.47 |
| Latin America | 1.43 |
| Africa and Middle East | 0.58 |
| Asia | -0.25 |
| Europe | -0.39 |
Top Holdings
| Name | Percent |
|---|---|
| CAD Currency | 11.24 |
| Canada Government 28-Jan-2026 | 9.73 |
| Canada Government 25-Feb-2026 | 9.71 |
| Canada Government 25-Mar-2026 | 9.70 |
| Canadian Treasury Bill % 07-Oct-2026 | 7.15 |
| Canada Government 22-Apr-2026 | 7.07 |
| Royal Bank of Canada | 3.71 |
| Shopify Inc Cl A | 2.91 |
| Toronto-Dominion Bank | 2.59 |
| NVIDIA Corp | 2.45 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PICTON Market Neutral Equity Alternative Fund Class A
Median
Other - Alternative Market Neutrl
3 Yr Annualized
| Standard Deviation | 2.97% | 2.86% | - |
|---|---|---|---|
| Beta | 0.02 | 0.04 | - |
| Alpha | 0.05 | 0.05 | - |
| Rsquared | 0.01% | 0.03% | - |
| Sharpe | 0.73 | 0.80 | - |
| Sortino | 1.66 | 1.20 | - |
| Treynor | 0.95 | 0.59 | - |
| Tax Efficiency | 95.31% | 96.72% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.14% | 2.97% | 2.86% | - |
| Beta | 0.14 | 0.02 | 0.04 | - |
| Alpha | -0.02 | 0.05 | 0.05 | - |
| Rsquared | 0.51% | 0.01% | 0.03% | - |
| Sharpe | 0.15 | 0.73 | 0.80 | - |
| Sortino | -0.17 | 1.66 | 1.20 | - |
| Treynor | 0.02 | 0.95 | 0.59 | - |
| Tax Efficiency | 88.20% | 95.31% | 96.72% | - |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
Fund Details
| Start Date | September 27, 2018 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $2,895 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3100 |
Investment Objectives
The investment objective of the Picton Mahoney Fortified Market Neutral Alternative Fund (the “Fund”) is to provide consistent long-term capital appreciation and to provide unitholders with an attractive risk-adjusted rate of return with less volatility than traditional equity markets and low correlation to major equity markets.
Investment Strategy
To achieve the investment objective, the Fund invests in an actively managed long portfolio comprised primarily of equity securities identified as attractive investment candidates by the Portfolio Advisor’s investment process. Consistent with the investment objectives of the Fund, up to 100% of the aggregate market value of the Fund may be sold short, as permitted by securities regulations.
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 | 5.16% |
|---|---|
| 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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