PFLS vs. ZCN ETF Comparison

Comparison of Picton Mahoney Frt Lng Shrt Alt Fund ETF (PFLS) to BMO S&P/TSX Capped Composite Index ETF (ZCN)

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

$16.83

Average Daily Volume

5,526

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

ZCN

BMO S&P/TSX Capped Composite Index ETF

ZCN Description

The investment seeks to replicate, to the extent possible, the performance of the S&P/TSX Capped Composite Index, net of expenses. The fund will invest in and hold the Constituent Securities of the S&P/TSX Capped Composite Index in the same proportion as they are reflected in the S&P/TSX Capped Composite Index or securities intended to replicate the performance of the index. The index is a float-adjusted market capitalization weighted index that incorporates over 200 equities and provides a more diversified exposure that is more representative of the Canadian equity market.

Grade (RS Rating)

Last Trade

$30.12

Average Daily Volume

70,973

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	PFLS	ZCN
30 Days	2.61%	3.83%
60 Days	3.30%	2.59%
90 Days	4.58%	5.72%
12 Months	9.74%	10.53%

2 Overlapping Holdings

	Symbol	Grade	Weight in PFLS	Weight in ZCN	Overlap
	BMO	B	5.65%	3.01%	3.01%
	CP	D	4.54%	3.49%	3.49%

PFLS Overweight 3 Positions Relative to ZCN

	Symbol	Grade	Weight
	XIC	A	13.77%
	XIU	A	7.56%
	EFN	A	3.2%

PFLS Underweight 5 Positions Relative to ZCN

	Symbol	Grade	Weight
	CNQ	B	-3.47%
	ENB	C	-3.26%
	CNR	D	-3.23%
	BNS	D	-2.67%
	BN	B	-2.54%

PFLS: Top Represented Industries & Keywords

Industries: Banks - Global Credit Services Railroads

Keywords: S&P/Tsx 60 Index Asset Management Blackrock Economy Of Toronto Exchange Traded Funds Index Fund Ishares Market Capitalization Retail S&P S&P 500 Index CBOE S&P/TSX 60 S&P/Tsx Composite Index Standard & Poor's Toronto Stock Exchange Transport Truck Vehicle Vehicles Bank

ZCN: Top Represented Industries & Keywords

Industries: Banks - Global Railroads Asset Management Oil & Gas E&P Oil & Gas Midstream

Keywords: S&P/Tsx 60 Index Marketing Retail Transport Transportation Bank Banking Banking Products Commodity Crude Oil Energy Energy Industry Financial Services ING Group Investment Banking Liquids Mining Minnesota Railroads Montreal Natural Gas