FXM vs. MCSM ETF Comparison

Comparison of First Asset Morningstar Canada Value Index ETF (FXM) to Manulife Mulfact CDN Smid Cap Idx ETF (MCSM)

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

$25.62

Average Daily Volume

2,138

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

MCSM

Manulife Mulfact CDN Smid Cap Idx ETF

MCSM Description

Manulife Multifactor Canadian SMID Cap Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the John Hancock Dimensional Canadian SMID Cap Equity Index (CAD), or any successor thereto. Manulife Multifactor Canadian SMID Cap Index ETF invests directly or indirectly primarily in mid and small capitalization Canadian equities.

Grade (RS Rating)

Last Trade

$42.23

Average Daily Volume

1,133

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	FXM	MCSM
30 Days	1.19%	-1.22%
60 Days	6.58%	3.73%
90 Days	10.39%	6.51%
12 Months	25.52%	20.79%

4 Overlapping Holdings

	Symbol	Grade	Weight in FXM	Weight in MCSM	Overlap
	CLS	A	3.52%	2.3%	2.3%
	FTT	D	3.69%	1.88%	1.88%
	MEG	D	3.39%	2.1%	2.1%
	NPI	F	3.4%	1.81%	1.81%

FXM Overweight 6 Positions Relative to MCSM

	Symbol	Grade	Weight
	HBM	B	4.13%
	GLXY	B	3.82%
	TA	B	3.59%
	CG	D	3.38%
	EMP.A	B	3.36%
	MFC	B	3.34%

FXM Underweight 5 Positions Relative to MCSM

	Symbol	Grade	Weight
	KEY	A	-2.31%
	CPX	A	-1.92%
	PSK	A	-1.86%
	AQN	F	-1.84%
	WCP	C	-1.8%

FXM: Top Represented Industries & Keywords

Industries: Utilities - Independent Power Producers Capital Markets Contract Manufacturers Copper Gold Grocery Stores Industrial Distribution Insurance - Life Oil & Gas E&P

Keywords: Energy Mining Solar Asset Management Gold Health Marketing Mines Private Equity Acquisitions Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage Athabasca Athabasca Oil Sands Bank Biomass Blockchain

MCSM: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Utilities - Independent Power Producers Contract Manufacturers Industrial Distribution Oil & Gas Midstream Utilities - Regulated Electric

Keywords: Energy Natural Gas Oil Solar Pipe Pipeline Oil And Gas Petroleum Storage Waste Acquisitions Aerospace Algonquin Power & Utilities Alternative Energy Athabasca Athabasca Oil Sands Biomass Business Lines By Products Cardium