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Investment Q&A

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PICTON Long Short Income Alternative Fund (PFIA $10.23)
- $10.23 P/E (TTM): 12.87X Cap: $476M
- View PFIA Profile
- View Questions on PFIA
JPMorgan Equity Premium Income ETF (JEPI $56.90)
- $56.90 P/E (TTM): 24.54X Cap: $41.11B
- View JEPI Profile
- View Questions on JEPI

Q: You have mentioned a few times that you are not a fan of PFIA’s higher fees. Is there an alternative Fund you would prefer?

Read Answer Asked by Alan on September 20, 2023

PICTON Long Short Income Alternative Fund (PFIA $10.23)
- $10.23 P/E (TTM): 12.87X Cap: $476M
- View PFIA Profile
- View Questions on PFIA
Global X Cash Maximizer Corporate Class ETF (HSAV $116.28)
- $116.28 Cap: $1.90B
- View HSAV Profile
- View Questions on HSAV

Q: For an income component, would you lean to a bond holding like PFIA at this point or more to a high interest account like HSAV?

Thanks

Read Answer Asked by Alan on September 18, 2023

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY $11.30)
- $11.30 Cap: $980M
- View ZHY Profile
- View Questions on ZHY
iShares Core Canadian Short Term Bond Index ETF (XSB $27.10)
- $27.10 Cap: $3.05B
- View XSB Profile
- View Questions on XSB
iShares Core Canadian Universe Bond Index ETF (XBB $28.49)
- $28.49 Cap: $8.30B
- View XBB Profile
- View Questions on XBB
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.88)
- $16.88 Cap: $833M
- View XHY Profile
- View Questions on XHY
Blackrock MuniYield Investment Quality Fund of Beneficial Interest (MFT $14.54)
- View MFT Profile
- View Questions on MFT
PICTON Long Short Income Alternative Fund (PFIA $10.23)
- $10.23 P/E (TTM): 12.87X Cap: $476M
- View PFIA Profile
- View Questions on PFIA

Q: In the present interest rate environment and going forward 6- 12 months, which ETF is preferable i.e. XHY, PFIA, MFT, ZHY, XSB,XBB OR PYF? Would you choose 1 or a combination?

Thanks for your service!

Read Answer Asked by Ozzie on October 12, 2022

BMO Aggregate Bond Index ETF (ZAG $13.95)
- $13.95 Cap: $11.33B
- View ZAG Profile
- View Questions on ZAG
Global X Active Ultra-Short Term Investment Grade Bond ETF (HFR $10.12)
- $10.12 Cap: $467M
- View HFR Profile
- View Questions on HFR
CI Investment Grade Bond ETF (FIG $9.63)
- $9.63 Cap: $153M
- View FIG Profile
- View Questions on FIG
PIMCO Monthly Income Fund (Canada) (PMIF $18.37)
- $18.37 P/E (TTM): 15.98X Cap: $3.39B
- View PMIF Profile
- View Questions on PMIF
Dynamic Premium Yield PLUS Fund Series F (DYN3361 $10.46)
- $10.46 P/E (TTM): 20.4X
- View DYN3361 Profile
- View Questions on DYN3361
Pender Corporate Bond Fund Class I (PGF550 $11.78)
- View PGF550 Profile
- View Questions on PGF550
PICTON Long Short Income Alternative Fund (PFIA $10.23)
- $10.23 P/E (TTM): 12.87X Cap: $476M
- View PFIA Profile
- View Questions on PFIA
BMO Premium Yield ETF (ZPAY $32.16)
- $32.16 P/E (TTM): 25.41X Cap: $368M
- View ZPAY Profile
- View Questions on ZPAY
Quadratic Interest Rate Volatility And Inflation Hedge ETF (IVOL $19.64)
- $19.64 P/E (TTM): 19.03X Cap: $414M
- View IVOL Profile
- View Questions on IVOL
Fidelity Global Core Plus Bond ETF (FCGB.U $16.07)
- $16.07 P/E (TTM): 14.45X
- View FCGB.U Profile
- View Questions on FCGB.U

Q: Please take as many credits as you need to.

I'm so tired of seeing my fixed income portion of my portfolio trickle away. What would you think about equal allocation to the following?

I'm not so concerned with costs if the holding doesn't degrade, but I still want some yield. Please pick it apart and make suggestions. Thanks!

HORIZONS ACTIVE ULTRA SHORT .HFR

RBC CDN DISC BD ETF .RCDB

KRANESHARES TRUST IVOL

PIMCO MONTHLY INCOME FD CDA .PMIF

PENDER CORPORATE BOND FUND .PGF550

FIDELITY GBL CORE PLUS BD .FCGB

BMO PREM YIELD ETF .ZPAY

PICTON MAHONEY FORTIFIED .PFIA

DYNAMIC PREMIUM .DYN3361

BMO AGGREGATE BOND .ZAG

FIRST ASSET INVESTMENT GRADE .FIG

Read Answer Asked by Gregory on January 26, 2022

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY $11.30)
- $11.30 Cap: $980M
- View ZHY Profile
- View Questions on ZHY
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.88)
- $16.88 Cap: $833M
- View XHY Profile
- View Questions on XHY
Purpose Premium Yield Fund (PYF $17.33)
- $17.33 P/E (TTM): 59.91X Cap: $282M
- View PYF Profile
- View Questions on PYF
Mackenzie Floating Rate Income ETF (MFT $16.32)
- $16.32 P/E (TTM): 111.98X Cap: $577M
- View MFT Profile
- View Questions on MFT
PICTON Long Short Income Alternative Fund (PFIA $10.23)
- $10.23 P/E (TTM): 12.87X Cap: $476M
- View PFIA Profile
- View Questions on PFIA

Q: In a flat or a rising interest rate environment which ETF is preferable i.e XHY, PFIA, MFT, ZHY OR PYF?

Thanks for your service!

Read Answer Asked by Ozzie on July 12, 2021

Constellation Software Inc. Unsecured Subordinated Floating Rate Debentures Series 1 (CSU.DB $118.52)
- $118.52 P/E (TTM): 108.48X Cap: $93.08B
- View CSU.DB Profile
- View Questions on CSU.DB
PICTON Long Short Income Alternative Fund (PFIA $10.23)
- $10.23 P/E (TTM): 12.87X Cap: $476M
- View PFIA Profile
- View Questions on PFIA

Q: Within a low fixed income component (10%), would half of that component in PFIA be too much? For the other half I’m thinking CSU.DB.

Thanks.

Read Answer Asked by Alan on July 09, 2021

PICTON Long Short Income Alternative Fund (PFIA $10.23)
- $10.23 P/E (TTM): 12.87X Cap: $476M
- View PFIA Profile
- View Questions on PFIA

Q: hello 5i:
PFIA has a listed yield of 6.328% (TNX Money). The last distribution was .015. Using this figure, and an ETF price of 10.64, I come to a 1.69% yield. Can you advise where I'm erring?
thanks
Paul L

Read Answer Asked by Paul on June 10, 2021

PICTON Long Short Income Alternative Fund (PFIA $10.23)
- $10.23 P/E (TTM): 12.87X Cap: $476M
- View PFIA Profile
- View Questions on PFIA

Q: Since the yield of this fund is way higher than normal fixed income products, and uses hedging to mitigate downside risk will this a strategy work in reducing real risk long term as the fund only has a one year history

Read Answer Asked by Ron on June 08, 2021

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