PFMN vs. PFMS ETF Comparison

Comparison of Picton Mahoney Fort Mkt Neutral Fund ETF (PFMN) to Picton Mahoney Multi Strat Alt Fund ETF (PFMS)

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

$14.27

Average Daily Volume

22,364

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFMS

Picton Mahoney Multi Strat Alt Fund ETF

PFMS Description

The investment objective of the Picton Mahoney Fortified Multi-Strategy Alternative Fund (the “Fund”) is to provide consistent long-term capital appreciation and to provide unitholders with an attractive risk-adjusted rate of return.

Grade (RS Rating)

Last Trade

$12.30

Average Daily Volume

2,893

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFMN	PFMS
30 Days	1.42%	1.74%
60 Days	2.37%	3.36%
90 Days	3.18%	4.68%
12 Months	5.78%	5.94%

1 Overlapping Holdings

	Symbol	Grade	Weight in PFMN	Weight in PFMS	Overlap
	XIU	B	10.46%	1.61%	1.61%

PFMN Overweight 3 Positions Relative to PFMS

Symbol	Grade	Weight
XIC	A	13.64%
BMO	D	3.58%
EFN	B	3.06%

PFMN Underweight 0 Positions Relative to PFMS

	Symbol	Grade	Weight

PFMN: Top Represented Industries & Keywords

Industries: Banks - Global Credit Services

PFMS: Top Represented Industries & Keywords

Industries:

Keywords: Asset Management Blackrock Economy Of Toronto Exchange Traded Funds Index Fund Ishares Market Capitalization S&P S&P 500 Index CBOE S&P Global S&P Global 1200 Index S&P/TSX 60 S&P/Tsx 60 Index S&P/Tsx Composite Index Standard & Poor's Toronto Stock Exchange