VS
When evaluating costs, PFLS features a management fee (MER) of 0.95%, compared to 0.55% for ZUT. Performance-wise, PFLS has returned 7.38% year-to-date with -$9 M in net flows, whereas ZUT is at 22.52% with -$118 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
PFLS
ZUT
| AuM | $141.52 M | $862.15 M |
| Management Fees | 0.95% | 0.55% |
| Exp. ratio | 6.48% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PFLS | -1.36% | +4.43% | +7.38% | +14.73% | +47.54% |
ZUT | +0.67% | +6.58% | +22.52% | +26.22% | +55.21% | |
| Flows | PFLS | +$4 M | +$3 M | -$9 M | -$13 M | +$56 M |
ZUT | +$18 M | -$59 M | -$118 M | -$39 M | +$194 M |
PFLS vs ZUT exposure
Countries
PFLS
Exposure data will be available soon
ZUT
Canada
84.68%
Bermuda
15.32%
Sectors
PFLS
Exposure data will be available soon
ZUT
Utilities
85.04%
Energy
7.95%
Industrials
7.01%
As of July 30, 2026
Top 10 Holdings
PFLS
Exposure data will be available soon
ZUT
Boralex, Inc.
9.46%
Capital Power Corp.
8.42%
Brookfield Renewable Partners LP
8.31%
AltaGas Ltd.
7.95%
ATCO Ltd.
7.77%
TransAlta Corp.
7.74%
Canadian Utilities Ltd.
7.65%
Emera, Inc.
7.38%
Fortis, Inc.
7.23%
Northland Power, Inc.
7.14%
Diversification
PFLS
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 13 total
79.05%
Characteristics
Compare
PFLS
ZUT
| Provider | Picton Mahoney | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.70% |
| Meets ESG criteria | No | No |
| Inception Date | July 15, 2020 | January 19, 2010 |
Frequently asked questions about PFLS and ZUT
Which ETF has performed better year to date: PFLS or ZUT?
As of July 30, 2026, PFLS has returned 7.38% year to date, while ZUT has returned 22.52%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: PFLS or ZUT?
As of July 30, 2026, PFLS manages $141.52 M in assets, while ZUT manages $862.15 M. ZUT is the larger fund by AUM.
How are PFLS and ZUT managed?
PFLS is actively managed by Picton Mahoney. It does not track an index. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: PFLS or ZUT?
Year to date, PFLS has seen -$8.99 M in net flows, compared with -$118.11 M for ZUT. PFLS has attracted more net investor money so far.
How do the fees of PFLS and ZUT compare?
PFLS has an expense ratio of 6.48%, while ZUT has an expense ratio of 0.61%.
Recent articles about PFLS and ZUT
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