Question 1

What is PFIA?

Accepted Answer

PFIA — Picton Mahoney Fortified Income Alternative Fund ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the PFIA ETF price today?

Accepted Answer

PFIA last traded at $9.97 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the PFIA MER (management expense ratio)?

Accepted Answer

PFIA has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, PFIA is considered a low-cost ETF.

Question 4

What are PFIA annualised returns?

Accepted Answer

PFIA historical returns: YTD: -2.16%, 1-year: +2.48%, 3-year annualised: +5.56%, 5-year annualised: +3.35%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.19, which measures risk-adjusted return.

Question 5

Does PFIA pay dividends or distributions?

Accepted Answer

Yes, PFIA distributes income to unitholders. The current distribution yield is approximately 4.92%. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does PFIA invest in?

Accepted Answer

PFIA's top holdings include Builders Firstsource, Inc. 6.75% (null, 3.8%), iShares iBoxx $ High Yield Corp Bd ETF (null, 3.7%), Norbord Inc. 5.75% (null, 2.8%), Cleveland-Cliffs Inc 9.88% (null, 2.7%), MDC Partners Inc. 6.5% (null, 2.7%) — and 4 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar CAD O/N Cash GR CAD.

Question 7

What sectors does PFIA invest in?

Accepted Answer

PFIA's largest sector exposures are Technology (26.2%), Industrials (16.9%), Consumer Cyclicals (14.3%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is PFIA? (Assets under management)

Accepted Answer

PFIA has approximately $450M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was PFIA launched?

Accepted Answer

PFIA was launched on July 12, 2019, giving it a 7-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy PFIA in Canada?

Accepted Answer

PFIA trades on the TSX under the ticker PFIA. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is PFIA?

Accepted Answer

PFIA has a 1-year volatility of 1.47% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.19 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-08-14	$9.97	$9.97	$9.95	$9.97	$9.97	17,972
2026-08-13	$9.96	$9.96	$9.94	$9.94	$9.94	9,311
2026-08-12	$9.94	$9.96	$9.94	$9.94	$9.94	12,781
2026-08-11	$9.94	$9.96	$9.94	$9.96	$9.96	13,295
2026-08-10	$9.95	$9.97	$9.95	$9.95	$9.95	34,249
2026-08-07	$9.95	$9.97	$9.95	$9.95	$9.95	23,677
2026-08-06	$9.98	$9.98	$9.96	$9.96	$9.96	15,779
2026-08-05	$9.95	$9.96	$9.95	$9.95	$9.95	15,071
2026-08-04	$9.96	$9.96	$9.95	$9.96	$9.96	23,643
2026-07-31	$9.96	$9.98	$9.96	$9.98	$9.98	27,500

#	Name	Weight
1	Builders Firstsource, Inc. 6.75%	3.84%
2	iShares iBoxx $ High Yield Corp Bd ETF	3.67%
3	Norbord Inc. 5.75%	2.78%
4	Cleveland-Cliffs Inc 9.88%	2.73%
5	MDC Partners Inc. 6.5%	2.67%
6	Parsley Energy LLC 5.62%	2.67%
7	Videotron LTD/ Videotron LTEE 4.5%	2.48%
8	Standard Chartered plc	2.38%
9	Navistar International Corporation 9.5%	2.36%

Sector	Weight
Technology	26.24%
Industrials	16.91%
Consumer Cyclicals	14.30%
Financial Services	14.17%
Healthcare	10.93%
Communication Services	9.91%
Consumer Defensive	3.07%
Energy	1.63%
Real Estate	1.36%
Basic Materials	0.85%
Utilities	0.61%

Ticker	Name	Price	1D
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$5.73	+14.14%
AMDU		$19.00	+12.69%
XDGH	iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)	$35.92	+9.11%
MSTZ		$8.56	+7.40%
AMDY	Harvest AMD Enhanced High Income Shares ETF - Class A Units	$40.02	+6.63%
BLKY	Harvest Block Enhanced High Income Shares ETF	$13.31	+5.72%
CGMU		$9.72	+4.85%
SHPD		$6.12	+4.79%

CIBC Investor's Edge

Picton Mahoney Fortified Income Alternative Fund ETF (PFIA : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Picton Mahoney Fortified Income Alternative Fund ETF

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