PFAE vs. PFLS ETF Comparison

Comparison of Picton Mahoney Fort Act Ext Alt Fund ETF (PFAE) to Picton Mahoney Frt Lng Shrt Alt Fund ETF (PFLS)

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

$21.31

Average Daily Volume

1,297

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

PFLS

Picton Mahoney Frt Lng Shrt Alt Fund ETF

PFLS Description

The Fund?s objective is to provide consistent long-term capital appreciation with an attractive risk adjusted rate of return.

Grade (RS Rating)

Last Trade

$18.87

Average Daily Volume

4,847

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	PFAE	PFLS
30 Days	6.55%	3.11%
60 Days	8.17%	5.48%
90 Days	12.10%	7.83%
12 Months	35.73%	23.74%

3 Overlapping Holdings

	Symbol	Grade	Weight in PFAE	Weight in PFLS	Overlap
	CP	D	4.7%	4.61%	4.61%
	EFN	B	2.8%	2.85%	2.8%
	MFC	A	2.85%	2.9%	2.85%

PFAE Overweight 3 Positions Relative to PFLS

	Symbol	Grade	Weight
	ENB	A	2.8%
	SU	A	2.71%
	CM	A	2.67%

PFAE Underweight 1 Positions Relative to PFLS

	Symbol	Grade	Weight
	XIU	A	-17.53%

PFAE: Top Represented Industries & Keywords

Industries: Banks - Global Credit Services Insurance - Life Oil & Gas Integrated Oil & Gas Midstream Railroads

Keywords: S&P/Tsx 60 Index Transport Marketing Crude Oil Energy Financial Financial Services Integrated Natural Gas Oil Oil Sands Retail Sports Transportation Truck Vehicle Vehicles Advisors Advisory Services Asset Management

PFLS: Top Represented Industries & Keywords

Industries: Credit Services Insurance - Life Railroads

Keywords: S&P/Tsx 60 Index Asset Management Transport Truck Vehicle Vehicles Blackrock Cars Coal Commodities Consumer Products Containers Economy Of Toronto Exchange Traded Funds Fertilizer Fertilizers Financial Financial Services Fleet Management Gen Re