Key stats
About PICTON MAHNY FRTFD ACTV EXTN ALT FD ETF UNIT
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Inception date
Jul 5, 2019
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Picton Mahoney Asset Management
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
What's in the fund
Exposure type
Finance
Technology Services
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PFAE trades at 21.79 CAD today, its price has fallen −1.09% in the past 24 hours. Track more dynamics on PFAE price chart.
PFAE net asset value is 21.64 today — it's risen 9.50% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PFAE assets under management is 28.31 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PFAE price has risen by 9.65% over the last month, and its yearly performance shows a 19.99% increase. See more dynamics on PFAE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 9.50% over the last month, showed a 1.37% increase in three-month performance and has increased by 20.39% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 9.50% over the last month, showed a 1.37% increase in three-month performance and has increased by 20.39% in a year.
PFAE fund flows account for −1.47 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PFAE invests in stocks. See more details in our Analysis section.
PFAE expense ratio is 9.01%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PFAE isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PFAE technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PFAE shows the strong buy signal. See more of PFAE technicals for a more comprehensive analysis.
Today, PFAE technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PFAE shows the strong buy signal. See more of PFAE technicals for a more comprehensive analysis.
Yes, PFAE pays dividends to its holders with the dividend yield of 0.03%.
PFAE trades at a premium (0.41%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PFAE shares are issued by Picton Mahoney Asset Management
PFAE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 5, 2019.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.