FLI vs. FIE ETF Comparison

Comparison of First Asset U.S. & Canada LifeCo Income ETF (FLI) to iShares Canadian Financial Monthly Income ETF (FIE)

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

$9.80

Average Daily Volume

6,686

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

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

$7.05

Average Daily Volume

146,577

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	FLI	FIE
30 Days	-7.11%	-1.12%
60 Days	-3.50%	0.14%
90 Days	0.70%	1.87%
12 Months	13.92%	7.30%

2 Overlapping Holdings

	Symbol	Grade	Weight in FLI	Weight in FIE	Overlap
	GWO	C	9.4%	3.74%	3.74%
	MFC	C	10.63%	7.23%	7.23%

FLI Overweight 1 Positions Relative to FIE

	Symbol	Grade	Weight
	SLF	C	9.88%

FLI Underweight 6 Positions Relative to FIE

	Symbol	Grade	Weight
	CPD	A	-20.04%
	XCB	B	-9.49%
	CM	D	-6.3%
	NA	A	-5.9%
	FFH	A	-4.82%
	BNS	D	-4.08%

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

FIE: Top Represented Industries & Keywords

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

Keywords: Financial Financial Services Insurance Bank Banking Health Insurance Operations Investment Banking Reinsurance Asset Management Economic History Of Italy Financial Markets ING Group Integrated Investment Solutions Life Insurance S&P/Tsx 60 Index Service Industries Wealth Management Advisors