ZBBB vs. PFAE ETF Comparison

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

ZBBB

BMO BBB Corporate Bond Index ETF

ZBBB Description

BMO BBB Corporate Bond Index ETF seeks to replicate, to the extent possible, the performance of aninvestment grade corporate bond index, net of expenses. Currently, BMO BBB Corporate Bond Index ETF seeks toreplicate the performance of the FTSE Canada 1-10 year BBB Corporate Bond Index™.

Grade (RS Rating)

Last Trade

$28.40

Average Daily Volume

4,078

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

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 ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	ZBBB	PFAE
30 Days	-0.63%	3.61%
60 Days	-1.70%	7.92%
90 Days	-0.14%	11.84%
12 Months	6.41%	35.41%

1 Overlapping Holdings

	Symbol	Grade	Weight in ZBBB	Weight in PFAE	Overlap
	SU	A	1.79%	2.71%	1.79%

ZBBB Overweight 1 Positions Relative to PFAE

	Symbol	Grade	Weight
	BMO	A	3.04%

ZBBB Underweight 5 Positions Relative to PFAE

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

ZBBB: Top Represented Industries & Keywords

Industries: Banks - Global Oil & Gas Integrated

Keywords: S&P/Tsx 60 Index Athabasca Athabasca Oil Sands Bank Bank Branches Bank Of Montreal Banking Banking Products Canadian Petroleum Companies Capital Market Capital Markets Chemical Chemical Products Crude Oil Energy Financial Financial Services Government ING Group Insurance

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