FLI vs. HEF ETF Comparison

Comparison of First Asset U.S. & Canada LifeCo Income ETF (FLI) to Horizons Enhanced Income Financials Common Class (HEF)

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

6,889

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

HEF

Horizons Enhanced Income Financials Common Class

HEF Description

NA

Grade (RS Rating)

Last Trade

$14.24

Average Daily Volume

8,783

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	FLI	HEF
30 Days	-6.37%	0.00%
60 Days	-3.01%	0.00%
90 Days	2.15%	0.00%
12 Months	15.76%	-3.78%

2 Overlapping Holdings

	Symbol	Grade	Weight in FLI	Weight in HEF	Overlap
	GWO	D	9.4%	7.65%	7.65%
	MFC	C	10.63%	7.14%	7.14%

FLI Overweight 1 Positions Relative to HEF

	Symbol	Grade	Weight
	SLF	C	9.88%

FLI Underweight 7 Positions Relative to HEF

	Symbol	Grade	Weight
	BMO	D	-8.9%
	BNS	D	-8.01%
	CM	D	-7.8%
	NA	A	-7.74%
	TD	A	-7.73%
	CIX	C	-7.3%
	RY	A	-7.3%

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

HEF: Top Represented Industries & Keywords

Industries: Banks - Global Insurance - Life Asset Management

Keywords: Financial Services Financial Bank Banking Insurance Investment Banking Wealth Management ING Group Asset Management Capital Market Capital Markets S&P/Tsx 60 Index Banking Products Financial Products Investment Banks Personal And Commercial Banking Retail Td Securities Advisors Bank Of Canada