FIE vs. CRED ETF Comparison

Comparison of iShares Canadian Financial Monthly Income ETF (FIE) to CI Lawrence Park Alternative Investment Grade Credit ETF (CRED)

FIE

iShares Canadian Financial Monthly Income ETF

FIE Description

The investment seeks to comprise a portfolio of common shares, preferred shares, corporate bonds and income trust units from the Canadian financial sector. Up to 25% of the assets of the portfolio may be invested in securities of other Canadian issuers.

Grade (RS Rating)

Last Trade

$8.16

Average Daily Volume

128,828

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

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

$20.15

Average Daily Volume

3,254

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	FIE	CRED
30 Days	2.26%	0.30%
60 Days	5.68%	0.57%
90 Days	12.22%	1.41%
12 Months	30.91%	7.16%

1 Overlapping Holdings

	Symbol	Grade	Weight in FIE	Weight in CRED	Overlap
	XCB	A	9.22%	7.55%	7.55%

FIE Overweight 6 Positions Relative to CRED

	Symbol	Grade	Weight
	CM	A	7.92%
	MFC	A	7.38%
	NA	A	5.88%
	FFH	A	5.35%
	IAG	A	4.4%
	POW	B	3.53%

FIE Underweight 0 Positions Relative to CRED

	Symbol	Grade	Weight

FIE: Top Represented Industries & Keywords

Industries: Banks - Global Insurance - Life Insurance - Diversified Insurance - Property & Casualty

Keywords: Financial Financial Services Insurance Health Asset Management Insurance Operations Reinsurance S&P/Tsx 60 Index Wealth Management Bank Banking Cement Credit Financial Products Health Insurance Integrated Investment Banking Investment Solutions Life Insurance Tire

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