FLI vs. XMD ETF Comparison

Comparison of First Asset U.S. & Canada LifeCo Income ETF (FLI) to iShares S&P/TSX Completion Index ETF (XMD)

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

$9.97

Average Daily Volume

7,880

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

XMD

iShares S&P/TSX Completion Index ETF

XMD Description

iShares S&P/TSX Completion Index Fund, formerly iShares CDN S&P TSX Completion Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Completion Index (the Index) through investments in the constituent issuers of such Index. The Index consists of securities that, on the basis of market capitalization, make up the mid and smaller tier of the Canadian issuers listed on the Toronto Stock Exchange (TSX), selected by S&P using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. The Fund is managed by BlackRock Asset Management Canada Limited.

Grade (RS Rating)

Last Trade

$34.05

Average Daily Volume

10,308

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FLI	XMD
30 Days	-1.59%	-1.38%
60 Days	4.76%	0.74%
90 Days	-3.96%	2.03%
12 Months	17.82%	16.67%

1 Overlapping Holdings

	Symbol	Grade	Weight in FLI	Weight in XMD	Overlap
	GWO	D	9.57%	1.8%	1.8%

FLI Overweight 2 Positions Relative to XMD

	Symbol	Grade	Weight
	MFC	A	10.93%
	SLF	D	10.18%

FLI Underweight 9 Positions Relative to XMD

	Symbol	Grade	Weight
	FFH	C	-5.68%
	ARX	C	-2.52%
	TFII	B	-2.34%
	STN	A	-2.05%
	IVN	C	-1.92%
	PAAS	C	-1.79%
	DSG	C	-1.75%
	LUN	C	-1.68%
	X	A	-1.65%

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

XMD: Top Represented Industries & Keywords

Industries: Copper Engineering & Construction Financial Exchanges Industrial Metals & Minerals Insurance - Life Insurance - Property & Casualty Oil & Gas E&P Silver Software - Application Trucking

Keywords: Mining Copper Metal Metals Chemistry Cobalt Energy Financial Gold Health Insurance Katanga Province Logistics Mineral Mineral Properties Nickel Reinsurance Service Industries Transport Transportation