FQC vs. FXM ETF Comparison

Comparison of First Asset MSCI Canada Quality Index Class ETF (FQC) to First Asset Morningstar Canada Value Index ETF (FXM)

FQC

First Asset MSCI Canada Quality Index Class ETF

FQC Description

The First Asset ETF’s investment objective is to replicate, to the extent possible, the performance of the MSCI Canada Quality Index (CAD), net of expenses. The MSCI Canada Quality Index (CAD) is based on the MSCI Canada Index, its parent index, which includes large and mid-cap stocks of the Canadian equity market.

Grade (RS Rating)

Last Trade

$34.96

Average Daily Volume

841

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FXM

First Asset Morningstar Canada Value Index ETF

FXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value Index™ , net of expenses. The ETF invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be “good value” based on characteristics like low price to earnings and low price to cash flow ratios.

Grade (RS Rating)

Last Trade

$22.60

Average Daily Volume

2,938

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	FQC	FXM
30 Days	0.87%	6.70%
60 Days	7.83%	6.66%
90 Days	10.35%	10.55%
12 Months	16.61%	11.22%

0 Overlapping Holdings

	Symbol	Grade	Weight in FQC	Weight in FXM	Overlap

FQC Overweight 10 Positions Relative to FXM

	Symbol	Grade	Weight
	MFC	A	5.68%
	CSU	C	5.54%
	CP	D	5.48%
	CNR	D	5.22%
	GIB.A	D	5.21%
	IFC	B	5.02%
	ARX	B	5.0%
	ATD	F	4.99%
	SLF	D	4.83%
	BAM	C	4.82%

FQC Underweight 9 Positions Relative to FXM

	Symbol	Grade	Weight
	K	A	-3.99%
	FTT	B	-3.96%
	BBD.B	A	-3.92%
	PXT	C	-3.73%
	AC	F	-3.72%
	MEG	D	-3.56%
	DOO	D	-3.52%
	VET	C	-3.43%
	AQN	B	-3.35%

FQC: Top Represented Industries & Keywords

Industries: Railroads Asset Management Information Technology Services Insurance - Diversified Insurance - Life Insurance - Property & Casualty Oil & Gas E&P Software - Application Specialty Retail

Keywords: S&P/Tsx 60 Index Asset Management Financial Insurance Retail Transport Transportation Credit Financial Services Insurance Operations Minnesota Railroads Rail Freight Transport Rail Transport By Country Rail Transportation In The United States Reinsurance Retailers Service Companies Software Software Solution Software Solutions

FXM: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Airlines Banks - Regional - Latin America Gold Industrial Distribution Recreational Vehicles Utilities - Independent Power Producers

Keywords: Energy Natural Gas Oil Crude Oil Engines Extraction Oil And Gas Pipe Pipeline Regional Jet Transport Water Aeroplan Aerostructure Aftermarket Air Canada Airbus Airline Airliners Airlines