FLI vs. DXC ETF Comparison

Comparison of First Asset U.S. & Canada LifeCo Income ETF (FLI) to Dynamic Active Canadian Dividend ETF (DXC)

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

DXC

Dynamic Active Canadian Dividend ETF

DXC Description

DXC seeks to provide long-term capital growth by investing primarily in a broadly diversified portfolio of equity securities of Canadian based businesses that pay or are expected to pay a dividend or distribution. Exposure to these types of equity securities will be obtained by investing primarily in Dynamic Active Canadian Dividend Fund (the “Dynamic ACD Fund”), and/or by investing directly in them, in securities of one or more Other Funds (as hereinafter defined), and/or through the use of derivatives.

Grade (RS Rating)

Last Trade

$38.35

Average Daily Volume

7,294

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	FLI	DXC
30 Days	2.63%	0.52%
60 Days	7.93%	2.98%
90 Days	13.04%	6.82%
12 Months	30.21%	18.22%

0 Overlapping Holdings

	Symbol	Grade	Weight in FLI	Weight in DXC	Overlap

FLI Overweight 3 Positions Relative to DXC

	Symbol	Grade	Weight
	MFC	A	10.14%
	SLF	A	10.1%
	GWO	A	9.98%

FLI Underweight 9 Positions Relative to DXC

	Symbol	Grade	Weight
	RY	A	-12.87%
	BNS	A	-11.2%
	PSK	A	-11.2%
	CNR	F	-10.75%
	CM	A	-10.0%
	POW	B	-9.5%
	IFC	B	-9.22%
	CNQ	D	-8.82%
	NTR	D	-8.2%

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

DXC: Top Represented Industries & Keywords

Industries: Banks - Global Oil & Gas E&P Agricultural Inputs Insurance - Life Insurance - Property & Casualty Railroads

Keywords: S&P/Tsx 60 Index Financial Financial Services Bank Banking Insurance Investment Banking Retail Asset Management Capital Market Capital Markets Electricity Energy ING Group Investment Banks Markets Products Mineral Mobile Natural Gas Oil