(As of 1/31/2026)

PICTON Balanced Fund Class A

(Tactical Balanced)

FundGrade A+^® Rating recipient
For more information about FundGrade click here

2022
2021

Inception Return (11/2/2015)	7.20 %
YTD Return	1.44 %

NAVPS (2/19/2026)	$18.85
Change	($0.01) / -0.05 %

Growth of $10,000 (As of January 31, 2026)

MER	2.44 %
Assets ($mil)	$235.23
Rank (1Yr)	80/301
Std Dev (3Yr)	7.88 %
Volatility Ranking (3Yr)	2/10
RRSP Eligibility	Yes
Load	Back Fee Only
Max Front End	5.00 %
Max Back End	-
Sales Status	Open

Objective

The investment objective of the Picton Mahoney Fortified Multi-Asset Fund (the “Fund”) is to achieve long-term capital appreciation by investing primarily in global equity securities and global income securities while mitigating capital loss by engaging in hedging strategies for downside risk protection. The fundamental investment objective of the Fund will not change without the consent of a majority of the voting unitholders of the Fund.

Fund Manager

PICTON Investments

Portfolio Manager

David Picton, PICTON Investments

Jeffrey Bradacs, PICTON Investments

Phil Mesman, PICTON Investments

Sam Acton, PICTON Investments

Michael Kimmel, PICTON Investments

Michael Kuan, PICTON Investments

Michael White, PICTON Investments

Neil Simons, PICTON Investments

Sub-Advisor

Asset Allocation
(As of November 30, 2025)

Sector Allocation
(As of November 30, 2025)

Geographic Allocation
(As of November 30, 2025)

Top 10 Holdings

Name	Asset	Sector	Geographic	Percent
PICTON Global Equity Fund Class A	International Equity	Mutual Fund	Multi-National	42.89%
PICTON Income Fund Class A	Domestic Bonds	Fixed Income	Canada	14.46%
CAD Currency	Cash and Equivalents	Cash and Cash Equivalent	Canada	4.70%
PICTON Inflation Opportunities Alternative Fd Cl A	Other	Mutual Fund	Canada	4.56%
iShares S&P/TSX 60 Index ETF (XIU)	Canadian Equity	Exchange Traded Fund	Canada	4.22%
PICTON Market Neutral Equity Alternative Fund Cl A	Other	Mutual Fund	Canada	3.26%
Canadian Treasury Bill % 14-Jan-2026	Cash and Equivalents	Cash and Cash Equivalent	Canada	2.97%
Canada Government 25-Mar-2026	Cash and Equivalents	Cash and Cash Equivalent	Canada	2.66%
Canadian Treasury Bill % 07-Oct-2026	Domestic Bonds	Fixed Income	Canada	2.63%
Canada Government 28-Jan-2026	Cash and Equivalents	Cash and Cash Equivalent	Canada	2.12%

Performance Data (As of January 31, 2026)

	Return (%)				Annualized Return (%)
Return	1 Mth	3 Mth	6 Mth	YTD	1 Yr	3 Yr	5 Yr	10 Yr
Fund	1.44	0.82	5.71	1.44	10.40	10.66	7.06	7.57
Benchmark	1.04	-0.46	6.37	1.04	8.61	12.14	6.69	7.18
Quartile Ranking	3	3	3	3	2	2	2	1

Calendar Return (%)	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Fund	11.64	15.00	7.30	-8.24	9.62	14.48	11.00	-2.92	6.36	10.48
Benchmark	10.42	17.48	11.69	-11.62	6.48	11.12	12.26	2.68	8.66	2.39
Quartile Ranking	2	2	3	2	3	1	4	2	2	1

Website powered by © Fundata Canada Inc.
Mutual Fund Data provided by Fundata. | View Terms and Conditions of Use.
BofA Merill Lynch Indices used with permission.
© 2026 Fundata Canada Inc. All rights reserved. | View Privacy Policy | Contact Us.