(As of 6/30/2025)

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) 		4.47 %
YTD Return 2.92 %
NAVPS
(7/17/2025) 		$10.08
Change $0.00 / -0.01 %
Growth of $10,000 (As of June 30, 2025)
MER 2.29 %
Assets ($mil) $935.83
Rank (1Yr) 182/242
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

Picton Mahoney Asset Management

Sub-Advisor
-
 
Asset Allocation
(As of May 31, 2025)
Sector Allocation
(As of May 31, 2025)
Geographic Allocation
(As of May 31, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
CAD CurrencyCash and EquivalentsCash and Cash EquivalentCanada5.03%
USD CurrencyCash and EquivalentsCash and Cash EquivalentUnited States3.77%
Prime Healthcare Services Inc 9.38% 01-Sep-2029Foreign BondsFixed IncomeUnited States2.14%
Chemtrade Logistics Inc 6.38% 28-Aug-2029Domestic BondsFixed IncomeCanada2.04%
ATS Corp 6.50% 21-Aug-2032Domestic BondsFixed IncomeCanada1.81%
Sleep Country Canada Hldgs Inc 6.63% 28-Nov-2032Domestic BondsFixed IncomeCanada1.75%
Parkland Corp 4.38% 26-Mar-2029Domestic BondsFixed IncomeCanada1.72%
Nationstar Mortgage Holdgs Inc 7.13% 01-Feb-2032Foreign BondsFixed IncomeUnited States1.33%
Toronto-Dominion Bank/The 7.23% 31-Dec-2049Domestic BondsFixed IncomeCanada1.29%
MANITOULIN USD 13.29% 10-Nov-2027Domestic BondsFixed IncomeCanada1.27%

Performance Data (As of June 30, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.71 1.80 2.92 2.92 6.88 5.41 3.58 -   
Benchmark 1.47 -0.66 1.39 1.39 11.51 12.81 5.30 5.88
Quartile Ranking 4 3 2 2 4 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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