Key stats
About PICTON MAHNY FRTFD ACTV EXTN ALT FD ETF UNIT
Expense ratio
9.01%
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Inception date
Jul 5, 2019
The fund will try to generate alpha while maintaining a similar market exposure to the equities market. To achieve this, the fund employs a long/short equity strategy, investing 130% of assets long while selling 30% of assets short. Aiming to achieve 160% gross equity exposure. PFAE invests mainly on Canadian equities but may allot 49% of its net exposure in international securities. The portfolio advisors opaque investment process determines the long/short portfolio and expects that the fund will have a net 100% long exposure with a market beta of roughly 1.0. The fund may also invest in fixed income securities, options, futures, swaps, securities of investment funds, and cash equivalents. As an actively managed fund, PFAE can have increased trading costs. The possibility of taxable distributions is also imminent if you hold the fund in a non-registered account.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Stocks132.84%
Finance29.61%
Technology Services11.41%
Non-Energy Minerals8.87%
Energy Minerals6.86%
Transportation6.24%
Industrial Services6.06%
Electronic Technology5.08%
Retail Trade4.97%
Utilities4.77%
Health Technology2.79%
Consumer Services2.34%
Commercial Services2.20%
Distribution Services2.10%
Producer Manufacturing1.42%
Communications1.38%
Consumer Durables1.10%
Consumer Non-Durables0.72%
Process Industries0.47%
Miscellaneous0.45%
Health Services0.32%
Bonds, Cash & Other−32.84%
Cash0.95%
Rights & Warrants0.24%
Mutual fund0.16%
Miscellaneous−34.20%
Stock breakdown by region
North America99.51%
Europe0.24%
Oceania0.17%
Middle East0.08%
Latin America0.00%
Asia0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history