ENCC vs. FQC ETF Comparison

Comparison of Horizons Canadian Oil and Gas Equity Covered Call ETF (ENCC) to First Asset MSCI Canada Quality Index Class ETF (FQC)

ENCC

Horizons Canadian Oil and Gas Equity Covered Call ETF

ENCC Description

Horizons Canadian Oil and Gas Equity Covered Call ETF (ENCC) is a covered call ETF that gives investors exposure to some of the largest and most liquid Canadian oil & gas stocks and it then uses a covered call strategy to help generate additional income on the portfolio.

Grade (RS Rating)

Last Trade

$11.73

Average Daily Volume

68,816

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FQC

First Asset MSCI Canada Quality Index Class ETF

FQC Description

The First Asset ETF’s investment objective is to replicate, to the extent possible, the performance of the MSCI Canada Quality Index (CAD), net of expenses. The MSCI Canada Quality Index (CAD) is based on the MSCI Canada Index, its parent index, which includes large and mid-cap stocks of the Canadian equity market.

Grade (RS Rating)

Last Trade

$34.96

Average Daily Volume

841

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ENCC	FQC
30 Days	3.53%	0.87%
60 Days	7.81%	7.83%
90 Days	9.78%	10.35%
12 Months	8.71%	16.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in ENCC	Weight in FQC	Overlap
	ARX	A	7.89%	5.0%	5.0%

ENCC Overweight 9 Positions Relative to FQC

Symbol	Grade	Weight
TOU	A	8.34%
ERF	A	8.3%
MEG	A	8.03%
CVE	A	7.28%
IMO	A	7.16%
VET	B	7.04%
CNQ	A	6.68%
WCP	A	6.62%
SU	A	6.59%

ENCC Underweight 9 Positions Relative to FQC

Symbol	Grade	Weight
MFC	C	-5.68%
CSU	D	-5.54%
CP	D	-5.48%
CNR	D	-5.22%
GIB.A	D	-5.21%
IFC	B	-5.02%
ATD	C	-4.99%
SLF	C	-4.83%
BAM	C	-4.82%

ENCC: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Integrated