FLI vs. BNC ETF Comparison

Comparison of First Asset U.S. & Canada LifeCo Income ETF (FLI) to Purpose Canadian Financial Income Fund Series ETF (BNC)

FLI

First Asset U.S. & Canada LifeCo Income ETF

FLI Description

First Asset U.S. & Canada Lifeco Income ETF (the Fund), formerly First Asset U.S. & Canada LifeCo Income Fund, is a Canada-based exchange traded fund. The Fund's investment objectives are to provide unitholders with quarterly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly traded common equity securities of the United States and Canadian life insurance companies by market capitalization directly. The Fund provides investors with a way to diversify their holdings within the financial sector, while also providing an opportunity to participate in the stock gains that life insurance companies are about to experience in a rising interest rate environment. The Fund's investment manager is First Asset Investment Management Inc.

Grade (RS Rating)

Last Trade

$11.70

Average Daily Volume

3,027

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

BNC

Purpose Canadian Financial Income Fund Series ETF

BNC Description

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.

Grade (RS Rating)

Last Trade

$28.97

Average Daily Volume

1,457

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	FLI	BNC
30 Days	2.63%	3.54%
60 Days	7.93%
90 Days	13.04%
12 Months	30.21%

3 Overlapping Holdings

	Symbol	Grade	Weight in FLI	Weight in BNC	Overlap
	GWO	A	9.98%	9.09%	9.09%
	MFC	A	10.14%	7.21%	7.21%
	SLF	A	10.1%	7.59%	7.59%

FLI Overweight 0 Positions Relative to BNC

	Symbol	Grade	Weight

FLI Underweight 5 Positions Relative to BNC

	Symbol	Grade	Weight
	CM	A	-12.39%
	NA	A	-12.02%
	BNS	A	-11.89%
	IAG	A	-9.26%
	BMO	A	-6.68%

FLI: Top Represented Industries & Keywords

Industries: Insurance - Life Insurance - Diversified

Keywords: Asset Management Financial Financial Services Insurance Reinsurance Health Life Insurance S&P/Tsx 60 Index Annuity Asset Management Solutions Corporate Segment Gen Re Great West Lifeco Health Insurance Insurance Companies Insurance Operations Investment Management John Hancock London Malaysia

BNC: Top Represented Industries & Keywords

Industries: Banks - Global Insurance - Diversified Insurance - Life

Keywords: Financial Services Financial Insurance Asset Management Bank Banking Investment Banking S&P/Tsx 60 Index Wealth Management Health ING Group Reinsurance Retail Banking Products Capital Market Capital Markets Credit Economic History Of Italy Financial Products Government