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PICTON Multi-Strategy Alternative Fund ETF (PFMS.TO) ETF Analysis

PFMS.TO

Expense ratio 4.83% Yield 0% Assets CA$47.45M Since September 27, 2018 Family Picton Mahoney Asset Management

Last Updated: October 21, 2026

CA$16.23

−CA$0.07 (−0.43%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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PFMS.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+9.66%	+9.66%	CA$109.66	CA$328.99
3 years	+44.01%	+12.93%	CA$144.01	CA$432.03
5 years	+33.47%	+5.94%	CA$133.47	CA$400.41
Since July 12, 2019	+62.30%	+6.88%	CA$162.30	CA$486.90

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

PFMS.TO Return by Calendar Year

2019 and 2026 are partial years

−7.15%+16.74%+7.27%

2019*2020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+7.27%
2025	+16.74%
2024	+10.02%
2023	+3.06%
2022	−7.15%
2021	+11.50%
2020	+8.34%
2019 (partial year)	+1.90%

PFMS.TO Monthly Returns

−11%+6%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+3.3	+1.7	−2.2	+3.1	+0.9	−1.4	+2.1	+2.0	−2.3	+0.0	—	—
2025	+3.9	+1.1	−1.0	+0.1	+2.0	+2.2	−0.9	+1.9	+3.4	+1.6	+0.7	+0.5
2024	+0.7	−1.1	+3.1	+1.7	+2.4	+0.7	−1.0	+0.0	+5.7	+0.2	−0.8	−1.7
2023	+1.3	−0.7	+0.7	+0.8	−5.5	+1.2	+0.4	+1.2	+0.3	−1.6	+2.9	+2.3
2022	−2.3	+0.1	+3.6	−2.2	−2.1	−5.0	−0.8	+3.1	−5.9	+1.7	+3.5	−0.5
2021	−0.4	+4.2	−1.3	+1.0	+3.7	−0.2	+1.3	+0.0	−0.3	+1.0	−0.3	+2.4
2020	+0.3	+0.6	−10.2	+0.8	−0.1	+3.6	+4.7	+1.9	+0.6	−2.4	+4.6	+4.8
2019	—	—	—	—	—	—	—	+0.9	+1.1	−1.0	−0.4	+0.8

Monthly total returns with dividends reinvested; each cell prints its signed value.

PFMS.TO Volatility & Risk

Volatility: 7 yrs

Annualized volatility: 12.88%
Best year: +16.74%
Worst year: −7.15%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	XIC.TO	iShares Core S&P/TSX Capped Compost ETF	12.76%
2	IVV	iShares Core S&P 500 ETF	7.68%

Analysis

Data-derived

Fund Overview

PICTON Multi-Strategy Alternative Fund ETF (PFMS.TO) is an exchange-traded fund. Picton Mahoney Asset Management is the fund family on file. It has been trading since September 27, 2018. The fund holds CA$47.45M in total net assets. Annual costs run at an expense ratio of 4.83%. On a CA$10,000 position that is CA$483.00 a year.

iShares Core S&P/TSX Capped Compost ETF alone accounts for 12.76% of the portfolio.

Performance Analysis

PFMS.TO last closed at CA$16.23 on October 21, 2026. The trailing one-year total return is +9.66%. Measured over 5 years, that is +5.94% a year compounded.

2026 is still running; the total return is +7.27% year to date. The strongest complete calendar year on file is 2025 at +16.74%; the weakest is 2022 at −7.15%. Of the 6 complete calendar years on file, 5 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$14.68 to CA$16.73. The latest close sits 10.56% above that 52-week low. Daily returns over the trailing 7 years annualize to a volatility of 12.88%. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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