FQC vs. WXM ETF Comparison

Comparison of First Asset MSCI Canada Quality Index Class ETF (FQC) to First Asset Morningstar Canada Momentum Index ETF (WXM)

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

WXM

First Asset Morningstar Canada Momentum Index ETF

WXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Momentum Index™ (the “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 have demonstrated, among other things, positive momentum in earnings and price.

Grade (RS Rating)

Last Trade

$26.27

Average Daily Volume

3,825

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FQC	WXM
30 Days	0.87%	-0.76%
60 Days	7.83%	2.09%
90 Days	10.35%	4.15%
12 Months	16.61%	6.65%

3 Overlapping Holdings

	Symbol	Grade	Weight in FQC	Weight in WXM	Overlap
	ARX	A	5.0%	3.42%	3.42%
	CNR	D	5.22%	3.41%	3.41%
	MFC	C	5.68%	3.48%	3.48%

FQC Overweight 7 Positions Relative to WXM

	Symbol	Grade	Weight
	CSU	D	5.54%
	CP	D	5.48%
	GIB.A	D	5.21%
	IFC	C	5.02%
	ATD	C	4.99%
	SLF	D	4.83%
	BAM	D	4.82%

FQC Underweight 7 Positions Relative to WXM

	Symbol	Grade	Weight
	IVN	A	-3.67%
	GIL	C	-3.6%
	MEG	A	-3.58%
	NA	A	-3.51%
	TIH	B	-3.5%
	X	C	-3.44%
	GEI	A	-3.38%

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

WXM: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Apparel Manufacturing Banks - Global Financial Exchanges Industrial Distribution Industrial Metals & Minerals Insurance - Life Oil & Gas Midstream Railroads

Keywords: Energy Integrated Oil Petroleum S&P/Tsx 60 Index Chemistry Crude Oil Financial Financial Markets Financial Services Gold Insurance Insurance Operations Liquids Mining Mobile Montreal Natural Gas Physical Sciences Pipe