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 $9.66 CAD on the TSX. See the price chart above for recent performance.

Question 3

What are PFIA annualised returns?

Accepted Answer

PFIA historical returns: YTD: -5.20%, 1-year: -0.25%, 3-year annualised: +5.34%, 5-year annualised: +3.25%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.01, which measures risk-adjusted return.

Question 4

Does PFIA pay dividends or distributions?

Accepted Answer

Yes, PFIA distributes income to unitholders. The current distribution yield is approximately 5.62%. 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 5

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, 2.7%), Cleveland-Cliffs Inc 9.88% (null, 2.8%), MDC Partners Inc. 6.5% (null, 2.5%) — 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 6

What sectors does PFIA invest in?

Accepted Answer

PFIA's largest sector exposures are Technology (29.1%), Industrials (15.9%), Consumer Cyclicals (14.1%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is PFIA? (Assets under management)

Accepted Answer

PFIA has approximately $435M 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 8

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 9

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 10

How risky is PFIA?

Accepted Answer

PFIA has a 1-year volatility of 1.76% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.01 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
2026-10-29	$9.64	$9.66	$9.64	$9.66	$9.66	25,692
2026-10-28	$9.65	$9.67	$9.60	$9.67	$9.67	58,847
2026-10-27	$9.67	$9.67	$9.65	$9.66	$9.66	15,397
2026-10-26	$9.66	$9.68	$9.66	$9.67	$9.67	11,447
2026-10-23	$9.69	$9.70	$9.68	$9.69	$9.69	18,300
2026-10-22	$9.66	$9.66	$9.65	$9.66	$9.66	34,500
2026-10-21	$9.74	$9.74	$9.72	$9.73	$9.67	25,800
2026-10-20	$9.66	$9.73	$9.66	$9.72	$9.72	34,800
2026-10-19	$9.74	$9.76	$9.74	$9.75	$9.75	30,967
2026-10-16	$9.74	$9.76	$9.74	$9.76	$9.76	15,856

#	Name	Weight
1	Builders Firstsource, Inc. 6.75%	3.82%
2	iShares iBoxx $ High Yield Corp Bd ETF	3.71%
3	Norbord Inc. 5.75%	2.68%
4	Cleveland-Cliffs Inc 9.88%	2.79%
5	MDC Partners Inc. 6.5%	2.54%
6	Parsley Energy LLC 5.62%	2.54%
7	Videotron LTD/ Videotron LTEE 4.5%	2.45%
8	Standard Chartered plc	2.44%
9	Navistar International Corporation 9.5%	2.39%

Sector	Weight
Technology	29.11%
Industrials	15.89%
Consumer Cyclicals	14.07%
Financial Services	12.92%
Healthcare	9.60%
Communication Services	8.10%
Consumer Defensive	3.28%
Basic Materials	2.53%
Energy	1.59%
Real Estate	0.92%
Utilities	0.91%

Ticker	Name	Price	1D
CGMD		$7.10	+11.64%
LLHE-U	Harvest Eli Lilly Enhanced High Income Shares ETF	$11.25	+9.22%
GASD		$6.29	+8.45%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.91	+7.89%
SLVD	BetaPro Silver -2x Daily Bear ETF	$45.86	+7.83%
HND	BetaPro Natural Gas 2x Daily Bear	$29.33	+6.97%
LLHE	Harvest Eli Lilly Enhanced High Income Shares ETF - Class A Units	$11.55	+6.06%
QQQD		$6.98	+4.96%

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

ETF Details

7 stocks to buy and hold forever

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Frequently Asked Questions — PFIA

What is PFIA?

What is the PFIA ETF price today?

What are PFIA annualised returns?

Does PFIA pay dividends or distributions?

What does PFIA invest in?

What sectors does PFIA invest in?

How large is PFIA? (Assets under management)

When was PFIA launched?

How do I buy PFIA in Canada?

How risky is PFIA?

Recent ETF movers

PFIA.TO news timeline

Picton Mahoney Fortified Income Alternative Fund ETF (PFIA.TO) went ex-dividend — CA$0.048

August 2026

July 2026

July 2024

Period	Return
YTD	-5.20%
1 Year	-0.25%
3 Year (Ann.)	+5.34%
5 Year (Ann.)	+3.25%
1Y Volatility	1.76%
Sharpe Ratio (3Y)	1.01