(As of 2/28/2023)

Picton Mahoney Fortified Income Fund Class A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
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Inception Return
(11/2/2015) 		3.89 %
YTD Return 1.39 %
NAVPS
(3/21/2023) 		$9.92
Change $0.01 / 0.10 %
Growth of $10,000 (As of February 28, 2023)
MER 2.35 %
Assets ($mil) $719.10
Rank (1Yr) 95/363
Std Dev (3Yr) 3.96 %
Volatility Ranking (3Yr) 1/10
RRSP Eligibility Yes
Load Front Fee Only
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
The investment objective of the Picton Mahoney Fortified Income Fund (the “Fund”) is to maximize total return to unitholders through income and capital appreciation by investing primarily in global income securities while mitigating capital loss by engaging in hedging strategies for downside risk protection.
Fund Manager

Picton Mahoney Asset Management

Portfolio Manager

Picton Mahoney Asset Management

Sub-Advisor
Data not available
 
Asset Allocation
(As of November 30, 2022)
Sector Allocation
(As of November 30, 2022)
Geographic Allocation
(As of November 30, 2022)
Top 10 Holdings
NameAssetSectorGeographicPercent
Canadian Dollar CADCash and EquivalentsCash and Cash EquivalentCanada16.18%
US dollar - London USDLCash and EquivalentsCash and Cash EquivalentUnited States5.07%
Secure Energy Services Inc 7.25% 30-Dec-2026Domestic BondsFixed IncomeCanada2.69%
Parkland Corp 3.88% 16-Jun-2026Domestic BondsFixed IncomeCanada2.41%
Horizon Therapeutics USA Inc 5.50% 01-Aug-2027Foreign BondsFixed IncomeUnited States2.16%
Northriver Midstream Fince LP 5.63% 15-Feb-2026Foreign BondsFixed IncomeUnited States2.03%
Cushman & Wakefld US Borwr LLC 6.75% 15-May-2028Foreign BondsFixed IncomeUnited States1.96%
National Bank of Canada 7.50% 16-Nov-2082Domestic BondsFixed IncomeCanada1.84%
Acadia Healthcare Co Inc 5.50% 01-Jul-2028Foreign BondsFixed IncomeUnited States1.84%
Nuvista Energy Ltd 7.88% 23-Jul-2026Domestic BondsFixed IncomeCanada1.71%

Performance Data (As of February 28, 2023)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.37 1.69 0.02 1.39 -3.23 0.71 1.06 -   
Benchmark 0.26 3.53 8.38 2.93 0.15 0.07 2.59 6.21
Quartile Ranking 1 3 4 4 2 2 3 -

Calendar Return (%) 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Fund -6.03 2.18 6.71 5.37 -2.72 8.12 16.28 -      -      -     
Benchmark -6.92 0.50 6.14 7.98 5.36 2.96 10.80 14.93 8.91 15.20
Quartile Ranking 1 3 1 4 3 1 1 - - -

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