PICTON Market Neutral Equity Alternative Fund 

This ETF, the PICTON Market Neutral Equity Alternative Fund, actively manages a diverse portfolio of long and short equity positions. Its primary goal is to achieve market neutrality, meaning it typically aims for an equity market beta of zero or a very low correlation to the broader stock markets. Beyond traditional stocks, the fund's holdings can encompass a range of derivatives, such as options, futures, forward contracts, and swaps, alongside investments in other funds. The Portfolio Advisors' strategy involves identifying and purchasing attractive investments for its long portfolio, while concurrently short-selling investments deemed unattractive. The fund has the capacity to short-sell up to 100% of its total market value. Additionally, short positions are strategically employed to hedge the market exposure generated by the fund's long holdings.