BNC vs. CBNK ETF Comparison

Comparison of Purpose Canadian Financial Income Fund Series ETF (BNC) to Mulvihill Enhanced Yield Canadian Bank ETF (CBNK)

BNC

Purpose Canadian Financial Income Fund Series ETF

BNC Description

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.

Grade (RS Rating)

Last Trade

$29.46

Average Daily Volume

1,270

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

CBNK

Mulvihill Enhanced Yield Canadian Bank ETF

CBNK Description

Mulvihill Enhanced Yield Canadian Bank ETF invests in the common shares of the "Big Six" Canadian Banks while adding modest 25% leverage and option writing strategies to further enhance the underlying portfolio dividend yields. CBNK targets a 7% annual yield, over 2x the current yield of the S&P/TSX Diversified Banks Index, making it the highest yielding Canadian Bank ETF. Mulvihill Capital Management Inc. has a 25+ year track record managing a similar strategy.

Grade (RS Rating)

Last Trade

$8.60

Average Daily Volume

16,260

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	BNC	CBNK
30 Days	5.21%	3.86%
60 Days		5.13%
90 Days		14.97%
12 Months		34.07%

4 Overlapping Holdings

	Symbol	Grade	Weight in BNC	Weight in CBNK	Overlap
	BMO	A	6.68%	14.34%	6.68%
	BNS	A	11.89%	13.19%	11.89%
	CM	A	12.39%	18.03%	12.39%
	NA	A	12.02%	17.33%	12.02%

BNC Overweight 4 Positions Relative to CBNK

	Symbol	Grade	Weight
	IAG	A	9.26%
	GWO	A	9.09%
	SLF	A	7.59%
	MFC	A	7.21%

BNC Underweight 0 Positions Relative to CBNK

	Symbol	Grade	Weight

BNC: Top Represented Industries & Keywords

Industries: Banks - Global Insurance - Diversified Insurance - Life

Keywords: Financial Services Financial Insurance Asset Management Bank Banking Investment Banking S&P/Tsx 60 Index Wealth Management Health ING Group Reinsurance Retail Banking Products Capital Market Capital Markets Credit Economic History Of Italy Financial Products Government

CBNK: Top Represented Industries & Keywords

Industries: Banks - Global

Keywords: Bank Banking Financial Services Investment Banking Financial ING Group Wealth Management Banking Products Capital Market Capital Markets Economic History Of Italy Government Insurance Integrated Investment Banks Investment Solutions National Bank Of Canada Retail S&P/Tsx 60 Index Td Securities