FXM vs. MXF ETF Comparison

Comparison of First Asset Morningstar Canada Value Index ETF (FXM) to CI First Asset Can-Materials Covered Call ETF Common (MXF)

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

$25.94

Average Daily Volume

2,116

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

MXF

CI First Asset Can-Materials Covered Call ETF Common

MXF Description

The investment objective of the Can-Materials ETF is to provide unitholders, through an actively managed portfolio, as described below, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 25 largest issuers measured by market capitalization chosen from the S&P/TSX Capped Materials Index and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly.

Grade (RS Rating)

Last Trade

$9.33

Average Daily Volume

13,223

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	FXM	MXF
30 Days	4.64%	0.00%
60 Days	8.22%	0.00%
90 Days	11.47%	0.00%
12 Months	28.67%	-19.46%

2 Overlapping Holdings

	Symbol	Grade	Weight in FXM	Weight in MXF	Overlap
	CG	D	3.41%	4.55%	3.41%
	K	C	3.54%	4.19%	3.54%

FXM Overweight 8 Positions Relative to MXF

	Symbol	Grade	Weight
	CLS	B	4.84%
	HBM	B	4.14%
	GLXY	B	3.97%
	CPX	A	3.75%
	TA	B	3.71%
	IMG	B	3.6%
	MEG	C	3.39%
	MFC	A	3.39%

FXM Underweight 5 Positions Relative to MXF

	Symbol	Grade	Weight
	PAAS	B	-4.65%
	SSRM	C	-4.48%
	AGI	C	-4.28%
	WPM	C	-4.23%
	FNV	C	-4.07%

FXM: Top Represented Industries & Keywords

Industries: Gold Capital Markets Contract Manufacturers Copper Insurance - Life Oil & Gas E&P Utilities - Independent Power Producers Utilities - Regulated Electric

Keywords: Mining Energy Gold Mines Solar Asset Management Bank Extraction Gold Mines Gold Mining Health Marketing Mineral Acquisitions Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage Athabasca

MXF: Top Represented Industries & Keywords

Industries: Gold Silver

Keywords: Gold Mines Mining Metal Metals Precious Metal Silver Extraction Gold Mining Mineral Precious Metals Acquisitions Aurico Gold Bank Commodity Constancia Mine Copper Cozamin Mine Fairbanks Geography