CBNK vs. CDZ ETF Comparison

Comparison of Mulvihill Enhanced Yield Canadian Bank ETF (CBNK) to iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ)

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

$7.36

Average Daily Volume

29,132

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

CDZ

iShares S&P/TSX Canadian Dividend Aristocrats Index ETF

CDZ Description

The investment seeks to replicate the performance, net of expenses, of the S&P/TSX Canadian Dividend Aristocrats index. The index consists of common stocks or income trusts listed on the Toronto Stock Exchange which are constituents of the S&P Canada Broad Market index (BMI). The security must have increased ordinary cash dividends every year for at least five consecutive years, and the float-adjusted market capitalization of the security, at the time of the review, must be at least C$ 300 million.

Grade (RS Rating)

Last Trade

$31.79

Average Daily Volume

12,710

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	CBNK	CDZ
30 Days	-0.54%	0.63%
60 Days	0.41%	0.09%
90 Days	5.60%	2.85%
12 Months	1.24%	4.08%

2 Overlapping Holdings

	Symbol	Grade	Weight in CBNK	Weight in CDZ	Overlap
	BNS	C	12.58%	2.38%	2.38%
	CM	A	14.81%	2.01%	2.01%

CBNK Overweight 2 Positions Relative to CDZ

	Symbol	Grade	Weight
	NA	A	16.24%
	BMO	C	13.93%

CBNK Underweight 8 Positions Relative to CDZ

	Symbol	Grade	Weight
	FSZ	D	-3.31%
	ENB	A	-2.46%
	AP.UN	F	-2.44%
	TRP	C	-2.35%
	ARE	A	-2.19%
	CPX	C	-2.12%
	EIF	D	-1.99%
	BCE	D	-1.95%

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

CDZ: Top Represented Industries & Keywords

Industries: Banks - Global Oil & Gas Midstream Airlines Asset Management Diversified Industrials Engineering & Construction Telecom Services Utilities - Regulated Electric

Keywords: Energy Infrastructure Natural Gas Retail S&P/Tsx 60 Index Advisors Bank Banking Communications Construction Energy Segment Financial Financial Services Government Investment Banking Liquids Manufacturing Pipe Pipeline Residential