FQC vs. XFN ETF Comparison

Comparison of First Asset MSCI Canada Quality Index Class ETF (FQC) to iShares S&P/TSX Capped Financials Index ETF (XFN)

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

XFN

iShares S&P/TSX Capped Financials Index ETF

XFN Description

iShares S&P/TSX Capped Financials Index Fund, formerly iShares CDN S&P/TSX Capped Financials Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Financials Index (the Index) through investments in the constituent issuers of such Index. The Index consists of securities of Canadian financial sector issuers listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. The Index includes stocks belonging to the S&P/TSX Financial industry sector classification, with the weight of any one company capped at 25% of the market capitalization of the Index. The Index is provided by S&P. The Fund is managed by BlackRock Asset Management Canada Limited.

Grade (RS Rating)

Last Trade

$48.38

Average Daily Volume

214,813

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	FQC	XFN
30 Days	0.87%	-3.99%
60 Days	7.83%	0.04%
90 Days	10.35%	-1.52%
12 Months	16.61%	11.04%

3 Overlapping Holdings

	Symbol	Grade	Weight in FQC	Weight in XFN	Overlap
	IFC	C	5.02%	4.26%	4.26%
	MFC	B	5.68%	6.12%	5.68%
	SLF	D	4.83%	4.33%	4.33%

FQC Overweight 7 Positions Relative to XFN

	Symbol	Grade	Weight
	CSU	B	5.54%
	CP	D	5.48%
	CNR	C	5.22%
	GIB.A	D	5.21%
	ARX	C	5.0%
	ATD	D	4.99%
	BAM	C	4.82%

FQC Underweight 5 Positions Relative to XFN

	Symbol	Grade	Weight
	BMO	D	-9.41%
	BN	C	-8.33%
	BNS	C	-8.09%
	CM	C	-6.32%
	NA	C	-3.95%

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

XFN: Top Represented Industries & Keywords

Industries: Banks - Global Asset Management Insurance - Diversified Insurance - Life Insurance - Property & Casualty

Keywords: Financial Financial Services Insurance Bank Banking Investment Banking S&P/Tsx 60 Index ING Group Insurance Operations Retail Wealth Management Asset Management Banking Products Capital Market Capital Markets Economic History Of Italy Government Integrated Investment Banks Investment Solutions