PFAE vs. PFMN ETF Comparison

Comparison of Picton Mahoney Fort Act Ext Alt Fund ETF (PFAE) to Picton Mahoney Fort Mkt Neutral Fund ETF (PFMN)

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

$17.42

Average Daily Volume

1,305

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

PFMN

Picton Mahoney Fort Mkt Neutral Fund ETF

PFMN Description

The investment objective of the Picton Mahoney Fortified Market Neutral Alternative Fund (the “Fund”) is to provide consistent long-term capital appreciation and to provide unitholders with a risk-adjusted rate of return which outperforms its benchmark with less volatility than traditional equity markets and low correlation to major equity markets.

Grade (RS Rating)

Last Trade

$14.25

Average Daily Volume

22,600

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	PFAE	PFMN
30 Days	-1.75%	1.71%
60 Days	2.29%	2.22%
90 Days	4.94%	3.11%
12 Months	12.53%	5.71%

2 Overlapping Holdings

	Symbol	Grade	Weight in PFAE	Weight in PFMN	Overlap
	BMO	D	6.87%	3.58%	3.58%
	EFN	C	3.1%	3.06%	3.06%

PFAE Overweight 3 Positions Relative to PFMN

	Symbol	Grade	Weight
	CP	D	4.75%
	SLF	C	3.05%
	CNQ	B	2.89%

PFAE Underweight 2 Positions Relative to PFMN

	Symbol	Grade	Weight
	XIC	B	-13.64%
	XIU	B	-10.46%

PFAE: Top Represented Industries & Keywords

Industries: Banks - Global Credit Services Insurance - Diversified Oil & Gas E&P Railroads

Keywords: S&P/Tsx 60 Index Retail Financial Financial Services Insurance Marketing Transport Truck Vehicle Vehicles Asset Management Asset Management Solutions Bank Bank Of Montreal Banking Banking Products Capital Market Capital Markets Cars Coal

PFMN: Top Represented Industries & Keywords

Industries: Banks - Global Credit Services

Keywords: Asset Management Blackrock Economy Of Toronto Exchange Traded Funds Index Fund Ishares Market Capitalization S&P S&P 500 Index CBOE S&P/TSX 60 S&P/Tsx 60 Index S&P/Tsx Composite Index Standard & Poor's Toronto Stock Exchange Bank Bank Of Montreal Banking Banking Products Capital Market Capital Markets