CRED vs. XSE ETF Comparison

Comparison of CI Lawrence Park Alternative Investment Grade Credit ETF (CRED) to iShares Conservative Strategic Fixed Income ETF (XSE)

CRED

CI Lawrence Park Alternative Investment Grade Credit ETF

CRED Description

CRED seeks to generate consistent positive total returns with an emphasis on capital preservation and low correlation to traditional equity and fixed income markets. CRED will be primarily invested in the investment grade debt of corporations and financial institutions in the developed world. CRED will use leverage. The leverage will be created through the use of cash borrowings, short sales and derivative contracts. CRED’s leverage must not exceed 300% of its NAV. The leverage will be calculated in accordance with the methodology prescribed by securities laws, or any exemptions therefrom. Any change to the investment objective must be approved by a majority of votes cast at a meeting of Unitholders held for that reason.

Grade (RS Rating)

Last Trade

$20.11

Average Daily Volume

5,982

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

XSE

iShares Conservative Strategic Fixed Income ETF

XSE Description

The investment seeks to generate income for Unitholders by investing primarily in securities of one or more exchange-traded funds managed by BlackRock Canada or an affiliate (“iShares ETFs”) that provide exposure to Canadian and international fixed income securities, including government bonds, investment grade corporate bonds, high yield securities, emerging market debt and other types of fixed income investments, while adhering to certain portfolio constraints upon rebalancing. In seeking to generate income, the fund will, upon rebalancing, generally limit its total exposure to high yield securities to 25% of its portfolio. Exposure to these types of fixed income investments may also be obtained by investing directly in them and/or through the use of derivatives.

Grade (RS Rating)

Last Trade

$18.20

Average Daily Volume

3,259

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	CRED	XSE
30 Days	0.37%	-0.93%
60 Days	1.21%	0.28%
90 Days	2.50%	2.02%
12 Months	7.57%	8.63%

1 Overlapping Holdings

	Symbol	Grade	Weight in CRED	Weight in XSE	Overlap
	XCB	A	7.55%	6.03%	6.03%

CRED Overweight 0 Positions Relative to XSE

	Symbol	Grade	Weight

CRED Underweight 5 Positions Relative to XSE

	Symbol	Grade	Weight
	XFR	C	-12.38%
	XSTH	C	-11.97%
	XGB	C	-10.47%
	XIGS	C	-10.45%
	XHY	B	-7.0%

CRED: Top Represented Industries & Keywords

Industries:

Keywords: Bond Market Index Bond Market Indices Corporate Bond Economic Growth Economy Of London FTSE Ftse Tmx Canada London Stock Exchange Group Tmx Group

XSE: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Funds FTSE Ftse Tmx Canada Ishares Bond Market Index Corporate Bond Economic Growth Economy Of London Financial Markets Fixed Income Index Fund London Stock Exchange Group Bond Fund Bond Market Indices Currency Derivative Financial Law Floating Rate Note Government Government Bond