PICTON Balanced Fund
Over the past decade, the PICTON Balanced Fund has proven that consistent, long-term growth doesn’t require taking on excessive risk. Unlike conventional equity-biased balanced funds, the Fund maintains a carefully managed equity exposure and integrates alternative strategies to provide diversification, stability, and smoother returns. This milestone is a testament to our Fortified Portfolio Construction approach, which combines hedging, risk budgeting, and a total portfolio perspective to optimize both risk and reward.
Meet our teamA decade successfully navigating over market crisis
Source: Picton Mahoney Asset Management Research, Morningstar Inc. Market events are determined by peak to trough periods of MSCI World Index NR CAD contractions.
The PICTON Balanced Fund (F) achieved:
A SMARTER PATH THROUGH MARKET UNCERTAINTY
The PICTON Balanced Fund is built for today’s unpredictable markets. From political shocks and the COVID-19 pandemic to inflation surges and rapid rate cycles, our disciplined, process-driven approach has helped investors weather market stress while participating in recoveries. By combining different return sources, the Fund aims to draw on multiple sources of alpha while managing downside risk. Diversification isn’t just a strategy, it’s the foundation of how we invest. The result is an evergreen portfolio designed to provide consistent quality of returns over time, helping investors pursue their long-term financial goals with confidence, even in uncertain markets. Explore how the PICTON Balanced Fund can enhance your portfolio:
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The Morningstar Risk Adjusted Return (MRARs), commonly referred to as the Star Rating, relate the risk-adjusted performance of a fund to its peers with the same CIFSC Fund category for the period ended as noted and are subject to change monthly. Morningstar calculates ratings for categories with at least 5 funds. To determine a fund’s rating, the fund and its peer are ranked by their MRARs. If a fund scores in the top 10% of its category, it receives five stars (High); if it falls in the next 22.5% , it receives four stars (Above Average); the next 35% earns a fund three stars (Neutral or Average); those in the next 22.5% received two stars (Below Average); and the lowest 10% received one star (Low). The overall rating is a weighted combination of the 3, 5 and 10 year ratings. The Morningstar ratings are class specific as performance and fee characteristics vary by each class. For greater detail, see morningstar.ca. https://global.morningstar.com/en-ca/personal-finance/the-morningstar-rating-for-funds
© 2025 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is not a guarantee of future results. Source: Morningstar Direct and PICTON Investments, as at January 31, 2026.
* Source: PICTON Investments Research, Morningstar. From October 29, 2015, to January 31, 2026, based on monthly returns. Tactical Balanced Category is a CIFSC fund category.
** Source: PICTON Investments Research, Morningstar Inc. Tactical Balanced Category is a CIFSC fund category. Total return measures an investment's actual performance, including interest, capital gains, dividends, and distributions over a period.
This material has been provided as a general source of information, is subject to change without notification and should not be construed as investment advice. This material should not be relied upon for any investment decision and is not a recommendation, solicitation or offering of any security in any jurisdiction. The information contained in this material has been obtained from sources believed reliable, however, the accuracy and/or completeness of the information is not guaranteed by PICTON Investments, nor does PICTON Investments assume any responsibility or liability whatsoever. All investments involve risk and may lose value. This information is not intended to provide financial, investment, tax, legal or accounting advice specific to any person, and should not be relied upon in that regard. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.
Any review, re-transmission, dissemination or other use of this information by persons or entities other than the intended recipient is prohibited.
There is no guarantee that a hedging strategy will be effective or achieve its intended effect. The use of derivatives or short selling carries several risks which may restrict a strategy in realizing its profits, limiting its losses, or, which cause a strategy to realize or magnify losses. There may be additional costs and expenses associated with the use of derivatives and short selling in a hedging strategy
Funddata Disclosure
Fund | CIFSC Category1 | FundGrade Fund Count2 | FundGrade Start Date3 | Investment Team |
|---|---|---|---|---|
Tactical Balanced | 51 | 2015-10-29 |
1 The Canadian Investment Funds Standards Committee (CIFSC)
2 Fund Count indicates the number of peers in each category.
3 The end date for the FundGrade calculation is January 31, 2026.
Performance for PICTON Balanced Fund (Series F) for the period ended January 31, 2026 is as followed: 1 year, 12.83%; 3 years, 12.48%; 5 years, 7.75%; 10 years, 8.17%; and since inception, 8.05% (2015-10-29).
Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Alternative mutual funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.
About Fundata Canada Inc.
Fundata Canada Inc. has been providing data aggregation and dissemination services to the Canadian media and financial marketplace since 1987. Fundata is a major provider in the distribution of fund and stock information in Canada.
About the Fundata FundGrade A+® Rating
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade Ratings are subject to change every month. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year.
