PICTON MAHONEY FORTFID INCME AL FD ETF UNITPICTON MAHONEY FORTFID INCME AL FD ETF UNITPICTON MAHONEY FORTFID INCME AL FD ETF UNIT

PICTON MAHONEY FORTFID INCME AL FD ETF UNIT

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Key stats


Assets under management (AUM)
‪435.29 M‬CAD
Fund flows (1Y)
‪87.80 M‬CAD
Dividend yield (indicated)
3.97%
Discount/Premium to NAV
0.1%
Shares outstanding
‪43.15 M‬
Expense ratio
3.29%

About PICTON MAHONEY FORTFID INCME AL FD ETF UNIT


Issuer
Picton Mahoney Asset Management
Brand
Picton Mahoney
Inception date
Jul 5, 2019
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Primary advisor
Picton Mahoney Asset Management
The fund will aim for total returns while mitigating capital loss through hedging strategies. The fund invests mainly in global fixed income securities. PFIA primarily holds North American corporate debt securities but it can invest up to 100% in international securities. It can also hold long/short positions in high yield bonds, government, emerging market, and convertible bonds, loans, convertible debentures, preferred shares, derivatives, distressed debts, collateral loan obligations (CLOs), mortgage-backed securities (MBS), cash equivalents, equities, ETFs and other mutual funds. In selecting the portfolio, the manager focuses on securities that will maximize risk-adjusted returns. As an actively managed fund, PFIA can have increased trading costs. The possibility of taxable distributions is also imminent if you hold the fund in a non-registered account.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Multi-strategy
Niche
Multi-strategy
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate115.29%
Securitized5.27%
Mutual fund1.70%
Structured0.88%
Government0.26%
Rights & Warrants−0.02%
Cash−2.34%
Miscellaneous−21.03%
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.

Broaden your horizons with more funds linked to PFIA via country, focus, and more.

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.
PFIA trades at 10.05 CAD today, its price hasn't changed in the past 24 hours. Track more dynamics on PFIA price chart.
PFIA net asset value is 10.09 today — it's risen 0.69% 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.
PFIA assets under management is ‪435.29 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.
PFIA price has risen by 0.60% over the last month, and its yearly performance shows a 2.13% increase. See more dynamics on PFIA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.69% over the last month, showed a 1.19% increase in three-month performance and has increased by 6.69% in a year.
PFIA fund flows account for ‪87.80 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.
PFIA invests in bonds. See more details in our Analysis section.
PFIA expense ratio is 3.29%. 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, PFIA 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, PFIA technical analysis shows the sell rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PFIA shows the buy signal. See more of PFIA technicals for a more comprehensive analysis.
Yes, PFIA pays dividends to its holders with the dividend yield of 3.97%.
PFIA trades at a premium (0.14%).
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.
PFIA shares are issued by Picton Mahoney Asset Management
PFIA 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.