CDZ vs. HAL ETF Comparison

Comparison of iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) to Horizons Active Cdn Dividend ETF (HAL)

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

$36.91

Average Daily Volume

14,365

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

HAL

Horizons Active Cdn Dividend ETF

HAL Description

The investment seeks long-term total returns consisting of regular dividend income and modest long-term capital growth. The fund invests primarily in equity securities of major North American companies with above average dividend yields. It will seek to hedge its U.S. currency exposure at all times.

Grade (RS Rating)

Last Trade

$22.60

Average Daily Volume

2,207

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	CDZ	HAL
30 Days	0.99%	1.58%
60 Days	4.81%	5.20%
90 Days	10.29%	8.45%
12 Months	28.06%	23.32%

2 Overlapping Holdings

	Symbol	Grade	Weight in CDZ	Weight in HAL	Overlap
	ARE	A	2.42%	3.52%	2.42%
	PPL	A	2.02%	3.24%	2.02%

CDZ Overweight 8 Positions Relative to HAL

	Symbol	Grade	Weight
	FSZ	B	2.96%
	AP.UN	D	2.5%
	TRP	A	2.49%
	ENB	A	2.48%
	CPX	A	2.44%
	BNS	A	2.25%
	CWB	A	2.23%
	CM	A	2.18%

CDZ Underweight 6 Positions Relative to HAL

	Symbol	Grade	Weight
	ALS	C	-4.25%
	WSP	D	-3.97%
	IFC	A	-3.87%
	CNQ	D	-3.77%
	EIF	B	-3.34%
	POW	A	-3.15%

CDZ: Top Represented Industries & Keywords

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

Keywords: Energy Natural Gas S&P/Tsx 60 Index Bank Banking Construction Financial Financial Services Infrastructure Liquids Oil Pipe Pipeline Retail Advisors Advisory Services Credit Crude Oil Energy Segment Integrated

HAL: Top Represented Industries & Keywords

Industries: Engineering & Construction Airlines Industrial Metals & Minerals Insurance - Life Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Midstream

Keywords: Energy Mining Natural Gas Oil S&P/Tsx 60 Index Transport Transportation Aviation Crude Oil Delivery Electricity Environmental Financial Health Infrastructure Insurance Liquids Manufacturing Midstream Mineral