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
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
Stocks136.79%
Finance32.14%
Technology Services10.99%
Industrial Services7.92%
Non-Energy Minerals7.11%
Energy Minerals5.71%
Utilities5.60%
Electronic Technology4.68%
Retail Trade4.66%
Transportation4.28%
Commercial Services3.89%
Health Technology2.64%
Consumer Services2.45%
Distribution Services2.05%
Producer Manufacturing1.24%
Consumer Durables1.17%
Consumer Non-Durables0.96%
Communications0.72%
Health Services0.46%
Miscellaneous0.10%
Process Industries0.09%
Bonds, Cash & Other−36.79%
Cash1.46%
Rights & Warrants0.40%
Mutual fund0.12%
Miscellaneous−38.76%
Stock breakdown by region
North America97.40%
Europe1.45%
Middle East0.50%
Asia0.44%
Oceania0.20%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PFAE invests in stocks. The fund's major sectors are Finance, with 44.46% stocks, and Technology Services, with 15.21% of the basket. The assets are mostly located in the North America region.
PFAE top holdings are Royal Bank of Canada and Shopify, Inc. Class A, occupying 6.50% and 4.15% of the portfolio correspondingly.
PFAE last dividends amounted to 0.01 CAD. The year before, the issuer paid 0.11 CAD in dividends, which shows a 1.76 K% decrease.
PFAE assets under management is 28.31 M CAD. It's risen 7.63% over the last month.
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.
Yes, PFAE pays dividends to its holders with the dividend yield of 0.03%. The last dividend (Dec 31, 2024) amounted to 0.01 CAD. The dividends are paid annually.
PFAE shares are issued by Picton Mahoney Asset Management under the brand Picton Mahoney. The ETF was launched on Jul 5, 2019, and its management style is Active.
PFAE expense ratio is 9.01% meaning you'd have to pay 9.01% of your investment to help manage the fund.
PFAE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PFAE invests in stocks.
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 trades at a premium (0.41%) meaning the ETF is trading at a higher price than the calculated NAV.