Key stats
About PICTON MAHONEY FORTIFIED SPL SITUAT ETF UNIT
Expense ratio
0.95%
Home page
Inception date
Jul 14, 2021
The fund provides long or short exposure in event-driven, credit situations. This includes fixed income securities that are impacted by some form of catalyst such as corporate events, capital structure reorganization, or other opportunistic situations. The fund seeks to profit through income and price movements that can occur over a short to long-term time horizon, providing risk-adjusted return with less volatility than the broader equity and credit markets. The fund primarily invests in North America, although it may invest without constraint globally. To provide exposure to a broad basket of fixed income securities, the fund may invest in other ETFs or mutual funds. Up to 10% of the portfolio may be allocated in equities. The fund may also have some commodity exposure through derivatives. Derivatives are utilized for hedging and non-hedging purposes. The fund also generally expects to utilize a leverage factor of 1.5 to 2.5 times its net assets.
Classification
What's in the fund
Exposure type
Corporate
Stocks7.96%
Industrial Services2.89%
Finance2.56%
Energy Minerals0.24%
Utilities0.22%
Bonds, Cash & Other92.04%
Corporate125.94%
Government0.67%
Rights & Warrants−0.46%
Cash−5.74%
Miscellaneous−28.37%