Question 1

What is PFLS?

Accepted Answer

PFLS — Picton Mahoney Fortified Long Short Alternative Fund Class ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the PFLS ETF price today?

Accepted Answer

PFLS last traded at $22.62 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the PFLS MER (management expense ratio)?

Accepted Answer

PFLS 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%, PFLS is considered a low-cost ETF.

Question 4

What are PFLS annualised returns?

Accepted Answer

PFLS historical returns: YTD: +7.36%, 1-year: +15.31%, 3-year annualised: +13.79%, 5-year annualised: +10.10%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.58, which measures risk-adjusted return.

Question 5

Does PFLS pay dividends or distributions?

Accepted Answer

PFLS distribution information is shown in the ETF details panel on this page. Check the ETF details section for the most current yield data.

Question 6

What does PFLS invest in?

Accepted Answer

PFLS's top holdings include iShares Core S&P 500 ETF (IVV, 21.2%), iShares Core S&P/TSX Capped Composite (XIC, 20.1%), Royal Bank of Canada (RY, 6.5%), Toronto Dominion Bank (TD, 5.0%), Shopify Inc (SHOP, 4.7%) — and 2 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 PFLS invest in?

Accepted Answer

PFLS's largest sector exposures are Financial Services (23.3%), Technology (16.6%), Basic Materials (11.9%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is PFLS? (Assets under management)

Accepted Answer

PFLS has approximately $141M 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 PFLS launched?

Accepted Answer

PFLS was launched on July 15, 2020, giving it a 6-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 PFLS in Canada?

Accepted Answer

PFLS trades on the TSX under the ticker PFLS. 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 PFLS?

Accepted Answer

PFLS has a 1-year volatility of 6.59% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.58 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
2026-07-31	$22.75	$22.75	$22.59	$22.62	$22.62	7,265
2026-07-30	$22.59	$22.67	$22.59	$22.67	$22.67	6,828
2026-07-29	$22.61	$22.61	$22.53	$22.54	$22.54	10,051
2026-07-28	$22.61	$22.67	$22.59	$22.67	$22.67	2,287
2026-07-27	$22.70	$22.70	$22.65	$22.70	$22.70	7,610
2026-07-24	$22.87	$22.88	$22.82	$22.82	$22.82	4,469
2026-07-23	$22.83	$22.83	$22.80	$22.82	$22.82	5,874
2026-07-22	$22.92	$22.92	$22.90	$22.90	$22.90	1,335
2026-07-21	$22.73	$22.82	$22.71	$22.82	$22.82	9,727
2026-07-20	$23.59	$23.59	$22.70	$22.70	$22.70	3,462

#	Ticker	Name	Weight
1	IVV	iShares Core S&P 500 ETF	21.20%
2	XIC	iShares Core S&P/TSX Capped Composite	20.12%
3	RY	Royal Bank of Canada	6.51%
4	TD	Toronto Dominion Bank	4.95%
5	SHOP	Shopify Inc	4.72%
6	MTUM	iShares MSCI USA Momentum Factor ETF	3.84%
7	NVDA	NVIDIA Corporation	2.92%

Sector	Weight
Financial Services	23.25%
Technology	16.65%
Basic Materials	11.93%
Industrials	11.60%
Energy	8.99%
Consumer Cyclicals	7.97%
Healthcare	5.19%
Communication Services	4.48%
Utilities	3.62%
Consumer Defensive	3.19%
Real Estate	3.14%

Ticker	Name	Price	1D
AMZU		$28.46	+30.19%
AMHE-U	Harvest Amazon Enhanced High Income Shares ETF	$14.27	+16.68%
COID		$8.24	+16.38%
AMHE	Harvest Amazon Enhanced High Income Shares ETF - Class A Units	$14.70	+14.84%
ALPU		$19.24	+13.51%
AMZH-U	Harvest Amazon High Income Shares ETF	$13.87	+13.13%
MSFH-U	Harvest Microsoft Enhanced High Income Shares ETF	$9.48	+12.46%
PINV	Purpose Global Innovators Fund ETF	$31.26	+12.08%

Picton Mahoney Fortified Long Short Alternative Fund Class ETF (PFLS : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Picton Mahoney Fortified Long Short Alternative Fund Class ETF

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Frequently Asked Questions — PFLS