(As of 10/31/2025)

PICTON Income Fund Class A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
For more information about FundGrade click here






Inception Return
(11/2/2015) 		4.55 %
YTD Return 5.23 %
NAVPS
(11/14/2025) 		$10.14
Change ($0.02) / -0.21 %
Growth of $10,000 (As of October 31, 2025)
MER 2.29 %
Assets ($mil) $1,061.77
Rank (1Yr) 121/239
Std Dev (3Yr) 3.96 %
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 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. 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 Mahoney Asset Management

Portfolio Manager

Phil Mesman, Picton Mahoney Asset Management

Sam Acton, 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
CAD CurrencyCash and EquivalentsCash and Cash EquivalentCanada9.90%
USD CurrencyCash and EquivalentsCash and Cash EquivalentUnited States2.75%
Chemtrade Logistics Inc 6.38% 28-Aug-2029Domestic BondsFixed IncomeCanada1.84%
ATS Corp 6.50% 21-Aug-2032Domestic BondsFixed IncomeCanada1.63%
Sleep Country Canada Hldgs Inc 6.63% 28-Nov-2032Domestic BondsFixed IncomeCanada1.58%
Parkland Corp 4.38% 26-Mar-2029Domestic BondsFixed IncomeCanada1.55%
Coeur Mining Inc 5.13% 15-Feb-2029Foreign BondsFixed IncomeUnited States1.33%
goeasy Ltd 6.00% 15-May-2030Domestic BondsFixed IncomeCanada1.31%
Chemtrade Logistics Inc 5.75% 01-Oct-2032Domestic BondsFixed IncomeCanada1.30%
Prime Healthcare Services Inc 9.38% 01-Sep-2029Foreign BondsFixed IncomeUnited States1.28%

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 0.21 1.71 4.04 5.23 6.08 6.46 3.24 -   
Benchmark 0.55 3.50 7.76 6.53 9.64 12.79 5.72 6.10
Quartile Ranking 2 3 4 2 3 4 4 -

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 7.35 5.88 -6.03 2.18 6.71 5.37 -2.72 8.12 16.28 -     
Benchmark 17.23 10.36 -6.92 0.50 6.14 7.98 5.36 2.96 10.80 14.93
Quartile Ranking 3 4 1 4 1 4 3 1 1 -

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