Description

This actively managed ETF, PFAE, aims to achieve superior returns (alpha) while maintaining an overall market sensitivity similar to the broader equity market. It employs a distinctive 130/30 long/short equity strategy, allocating 130% of its capital to long positions and concurrently taking short positions equivalent to 30% of its assets, resulting in a gross equity exposure of 160%. Although primarily focused on Canadian stocks, the fund has the flexibility to invest up to 49% of its net exposure in international securities. The portfolio advisors utilize a proprietary investment methodology to construct the long and short portfolios, with the expectation of maintaining a net long exposure of 100% and a market beta of approximately 1.0. PFAE's holdings may also include fixed income instruments, various derivatives such as options, futures, and swaps, shares of other investment funds, and cash equivalents. Investors should be aware that active management can lead to elevated trading costs, and holding the fund in an unregistered account may result in taxable distributions.