PFAE vs. ZCM ETF Comparison

Comparison of Picton Mahoney Fort Act Ext Alt Fund ETF (PFAE) to BMO Mid Corporate Bond Index ETF (ZCM)

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

$21.26

Average Daily Volume

1,199

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ZCM

BMO Mid Corporate Bond Index ETF

ZCM Description

BMO Mid Corporate Bond Index ETF seeks to replicate, to the extent possible, the performance of a midterm corporate bond index, net of expenses. Currently, BMO Mid Corporate Bond Index ETF seeks to replicate the performance of the FTSE Canada Mid Term Corporate Bond Index™.

Grade (RS Rating)

Last Trade

$15.28

Average Daily Volume

7,963

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFAE	ZCM
30 Days	3.61%	-0.97%
60 Days	7.92%	-1.86%
90 Days	11.84%	-0.65%
12 Months	35.41%	8.33%

1 Overlapping Holdings

	Symbol	Grade	Weight in PFAE	Weight in ZCM	Overlap
	SU	A	2.71%	1.32%	1.32%

PFAE Overweight 5 Positions Relative to ZCM

Symbol	Grade	Weight
CP	D	4.7%
MFC	A	2.85%
ENB	A	2.8%
EFN	B	2.8%
CM	A	2.67%

PFAE Underweight 0 Positions Relative to ZCM

	Symbol	Grade	Weight

PFAE: Top Represented Industries & Keywords

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

ZCM: Top Represented Industries & Keywords

Industries: Oil & Gas Integrated