FLI vs. XDIV ETF Comparison

Comparison of First Asset U.S. & Canada LifeCo Income ETF (FLI) to Ishares Core MSCI CAD Qlty Div Idx ETF (XDIV)

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

XDIV

Ishares Core MSCI CAD Qlty Div Idx ETF

XDIV Description

The investment seeks to replicate, net of expenses, the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. The MSCI Canada High Dividend Yield 10% Security Capped Index targets companies from the Parent Index (excluding REITs) with high dividend income and quality characteristics and includes companies that have higher than average dividend yields that are expected to be both sustainable and persistent.

Grade (RS Rating)

Last Trade

$30.86

Average Daily Volume

108,167

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	FLI	XDIV
30 Days	2.63%	2.70%
60 Days	7.93%	5.14%
90 Days	13.04%	9.90%
12 Months	30.21%	24.81%

2 Overlapping Holdings

	Symbol	Grade	Weight in FLI	Weight in XDIV	Overlap
	MFC	A	10.14%	9.59%	9.59%
	SLF	A	10.1%	9.38%	9.38%

FLI Overweight 1 Positions Relative to XDIV

	Symbol	Grade	Weight
	GWO	A	9.98%

FLI Underweight 6 Positions Relative to XDIV

	Symbol	Grade	Weight
	ENB	A	-8.8%
	PPL	A	-8.4%
	FTS	A	-7.88%
	SU	A	-7.75%
	POW	B	-6.26%
	EMA	C	-3.99%

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

XDIV: Top Represented Industries & Keywords

Industries: Insurance - Life Oil & Gas Midstream Insurance - Diversified Oil & Gas Integrated Utilities - Diversified Utilities - Regulated Electric

Keywords: Energy S&P/Tsx 60 Index Natural Gas Asset Management Crude Oil Electricity Financial Financial Services Insurance Integrated Oil Oil Sands Reinsurance Transport Energy Services Gas Utilities Gas Utility Health Life Insurance Liquids