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PICTON Arbitrage Alternative Fund Class A
Alternative Market Neutrl
Click for more information on Fundata’s FundGrade
FundGrade D
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-13-2026) |
$11.57 |
|---|---|
| Change |
$0.02
(0.14%)
|
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (January 17, 2019): 3.90%
| 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 | 0.08% | -0.32% | -0.11% | -0.03% | 1.85% | 2.35% | 2.64% | 2.24% | 1.55% | 4.57% | 3.95% | - | - | - |
| 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 | 22 / 39 | 19 / 39 | 23 / 39 | 15 / 39 | 29 / 39 | 27 / 34 | 26 / 33 | 25 / 30 | 19 / 25 | 14 / 16 | 10 / 14 | - | - | - |
| Quartile Ranking | 3 | 2 | 3 | 2 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | - | - | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.62% | 0.26% | 0.13% | -0.10% | 0.49% | 0.54% | -0.02% | -0.06% | 0.29% | -0.17% | -0.23% | 0.08% |
| 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
5.48% (December 2020)
Worst Monthly Return Since Inception
-2.97% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | 15.59% | 2.72% | 0.22% | 2.76% | 2.65% | 3.00% |
| 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 | - | - | - | - | 2 | 3 | 3 | 3 | 4 | 3 |
| Category Rank | - | - | - | - | 5/ 16 | 14/ 22 | 21/ 30 | 22/ 33 | 33/ 33 | 26/ 39 |
Best Calendar Return (Last 10 years)
15.59% (2020)
Worst Calendar Return (Last 10 years)
0.22% (2022)
Asset Allocation
Sector Allocation
Geographic Allocation
Top Holdings
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
PICTON Arbitrage Alternative Fund Class A
Median
Other - Alternative Market Neutrl
3 Yr Annualized
| Standard Deviation | 0.85% | 1.16% | - |
|---|---|---|---|
| Beta | 0.01 | 0.03 | - |
| Alpha | 0.02 | 0.01 | - |
| Rsquared | 0.04% | 0.08% | - |
| Sharpe | -1.20 | -1.14 | - |
| Sortino | -0.58 | -1.31 | - |
| Treynor | -0.71 | -0.51 | - |
| Tax Efficiency | 65.24% | 53.33% | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.00% | 0.85% | 1.16% | - |
| Beta | 0.02 | 0.01 | 0.03 | - |
| Alpha | 0.01 | 0.02 | 0.01 | - |
| Rsquared | 0.04% | 0.04% | 0.08% | - |
| Sharpe | -0.55 | -1.20 | -1.14 | - |
| Sortino | -1.35 | -0.58 | -1.31 | - |
| Treynor | -0.31 | -0.71 | -0.51 | - |
| Tax Efficiency | 56.21% | 65.24% | 53.33% | - |
Fund Details
| Start Date | January 17, 2019 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $112 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| PIC3800 |
Investment Objectives
The fundamental investment objective of the Picton Mahoney Fortified Arbitrage Alternative Fund (the “Fund”) is to generate consistent, positive returns, with low volatility and low correlation to equity markets by investing in securities in Canada, the United States and in other foreign jurisdictions.
Investment Strategy
To achieve its investment objectives, the Manager intends for the Fund to primarily employ arbitrage strategies, which are specialized investment techniques designed to profit from the successful completion of mergers, take-overs, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations.
Portfolio Management
| Portfolio Manager |
PICTON Investments |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
PICTON Investments |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Investor Services Trust |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 50 |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 2.79% |
|---|---|
| Management Fee | 2.00% |
| Load | Back Fee Only |
| FE Max | 2.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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