FCMI vs. PFAE ETF Comparison
Comparison of Fidelity CDN Monthly High Income ETF (FCMI) to Picton Mahoney Fort Act Ext Alt Fund ETF (PFAE)
FCMI
Fidelity CDN Monthly High Income ETF
FCMI Description
Fidelity Canadian Monthly High Income ETF aims to achieve a steady flow of income with the potential for capital gains by using an asset allocation approach. It invests primarily in underlying funds. These underlying funds generally invest in a mix of Canadian and foreign equity securities and fixed income securities, with generally more emphasis on Canadian equity securities and fixed income securities.
Grade (RS Rating)
Last Trade
$12.53
Average Daily Volume
1,255
Number of Holdings
*
2
* may have additional holdings in another (foreign) market
PFAE
Picton Mahoney Fort Act Ext Alt Fund ETF
PFAE Description
The investment objective of the Picton Mahoney Fortified Extension Alternative Fund (the “Fund”) is to provide long-term capital appreciation and to provide unitholders with an attractive risk-adjusted rate of return with similar volatility to the traditional equity market by taking long and short investment positions in an actively-managed portfolio comprised primarily of Canadian equity securities.Grade (RS Rating)
Last Trade
$18.00
Average Daily Volume
1,468
Number of Holdings
*
5
* may have additional holdings in another (foreign) market
Performance
| Period | FCMI | PFAE |
|---|---|---|
| 30 Days | 1.87% | 3.33% |
| 60 Days | 0.64% | 1.24% |
| 90 Days | 3.30% | 5.51% |
| 12 Months | 6.19% | 17.57% |
1 Overlapping Holdings
| Symbol | Grade | Weight in FCMI | Weight in PFAE | Overlap | |
|---|---|---|---|---|---|
| CNQ | C | 1.57% | 2.89% | 1.57% |
FCMI Overweight 1 Positions Relative to PFAE
| Symbol | Grade | Weight | |
|---|---|---|---|
| ENB | B | 1.49% |
FCMI: Top Represented Industries & Keywords
PFAE: Top Represented Industries & Keywords
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