(As of 10/31/2025)

PICTON Market Neutral Equity Alternative Fund Cl A

(Alternative Market Neutral)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2023
2022




Inception Return
(9/27/2018)
6.94 %
YTD Return 3.75 %
NAVPS
(12/5/2025)
$15.70
Change $0.00 / 0.02 %
Growth of $10,000 (As of October 31, 2025)
MER 5.16 %
Assets ($mil) $2,625.10
Rank (1Yr) 18/43
Std Dev (3Yr) 5.95 %
Volatility Ranking (3Yr) 1/10
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 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.
Fund Manager

Picton Mahoney Asset Management

Portfolio Manager

Picton Mahoney Asset Management

Sub-Advisor
-
 
Asset Allocation
(As of September 30, 2025)
Sector Allocation
(As of September 30, 2025)
Geographic Allocation
(As of September 30, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Canada Government 28-Jan-2026Cash and EquivalentsCash and Cash EquivalentCanada10.23%
Canada Government 25-Feb-2026Cash and EquivalentsCash and Cash EquivalentCanada10.21%
Canada Government 25-Mar-2026Cash and EquivalentsCash and Cash EquivalentCanada10.19%
CAD CurrencyCash and EquivalentsCash and Cash EquivalentCanada8.95%
Canada Government 05-Nov-2025Cash and EquivalentsCash and Cash EquivalentCanada7.59%
Canada Government 08-Oct-2025Cash and EquivalentsCash and Cash EquivalentCanada7.44%
Royal Bank of CanadaCanadian EquityFinancial ServicesCanada3.60%
NVIDIA CorpUS EquityTechnologyUnited States2.77%
Microsoft CorpUS EquityTechnologyUnited States2.73%
Shopify Inc Cl ACanadian EquityTechnologyCanada2.46%

Performance Data (As of October 31, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.66 1.45 3.09 3.75 6.27 7.06 6.91 -   
Benchmark 0.97 11.70 23.39 25.13 28.75 19.52 17.64 11.71
Quartile Ranking 3 3 2 3 2 2 2 -

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 14.12 1.88 4.75 4.98 16.21 4.93 -      -      -      -     
Benchmark 21.65 11.75 -5.84 25.09 5.60 22.88 -8.89 9.10 21.08 -8.32
Quartile Ranking 2 3 2 2 1 - - - - -

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