ZVC vs. PFAE ETF Comparison

Comparison of BMO MSCI Canada Value Index ETF (ZVC) to Picton Mahoney Fort Act Ext Alt Fund ETF (PFAE)

ZVC

BMO MSCI Canada Value Index ETF

ZVC Description

BMO MSCI Canada Value Index ETF seeks to replicate, to the extent possible, the performance of a Canadian equity value index, net of expenses. Currently, BMO MSCI Canada Value Index ETF seeks to replicate the performance of the MSCI Canada Enhanced Value Capped Index.

Grade (RS Rating)

Last Trade

$30.10

Average Daily Volume

1,451

Number of Holdings ^*

9

* 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

$20.99

Average Daily Volume

1,225

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	ZVC	PFAE
30 Days	1.18%	2.37%
60 Days	3.90%	6.52%
90 Days	7.39%	10.39%
12 Months	18.37%	33.66%

4 Overlapping Holdings

	Symbol	Grade	Weight in ZVC	Weight in PFAE	Overlap
	CM	A	4.97%	2.67%	2.67%
	CP	D	4.88%	4.7%	4.7%
	MFC	B	7.04%	2.85%	2.85%
	SU	A	5.96%	2.71%	2.71%

ZVC Overweight 5 Positions Relative to PFAE

	Symbol	Grade	Weight
	BNS	A	5.91%
	GIB.A	C	5.17%
	BMO	A	4.39%
	CNQ	D	4.17%
	CNR	F	3.9%

ZVC Underweight 2 Positions Relative to PFAE

	Symbol	Grade	Weight
	ENB	A	-2.8%
	EFN	B	-2.8%

ZVC: Top Represented Industries & Keywords

Industries: Banks - Global Railroads Information Technology Services Insurance - Life Oil & Gas E&P Oil & Gas Integrated

Keywords: S&P/Tsx 60 Index Financial Services Retail Bank Banking Financial Investment Banking Transport Banking Products Capital Market Capital Markets Credit Crude Oil Energy Government ING Group Insurance Integrated Investment Banks Marketing

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