FXM vs. WXM ETF Comparison

Comparison of First Asset Morningstar Canada Value Index ETF (FXM) to First Asset Morningstar Canada Momentum Index ETF (WXM)

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

$21.58

Average Daily Volume

3,171

Number of Holdings ^*

9

* 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

$26.35

Average Daily Volume

3,817

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FXM	WXM
30 Days	0.51%	-0.34%
60 Days	5.00%	2.32%
90 Days	5.26%	4.47%
12 Months	4.23%	6.24%

2 Overlapping Holdings

	Symbol	Grade	Weight in FXM	Weight in WXM	Overlap
	MEG	A	3.51%	3.58%	3.51%
	MFC	C	3.41%	3.48%	3.41%

FXM Overweight 7 Positions Relative to WXM

	Symbol	Grade	Weight
	K	A	3.71%
	FTT	A	3.62%
	VET	B	3.61%
	BBD.B	A	3.61%
	AC	B	3.56%
	DOO	C	3.42%
	AQN	B	3.38%

FXM Underweight 8 Positions Relative to WXM

	Symbol	Grade	Weight
	IVN	A	-3.67%
	GIL	B	-3.6%
	NA	A	-3.51%
	TIH	B	-3.5%
	X	B	-3.44%
	ARX	A	-3.42%
	CNR	D	-3.41%
	GEI	B	-3.38%

FXM: Top Represented Industries & Keywords

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

Keywords: Energy Engines Extraction Natural Gas Oil Pipe Pipeline Regional Jet S&P/Tsx 60 Index Transport Water Aeroplan Aerostructure Aftermarket Air Canada Airbus Airline Airliners Airlines Algonquin Power & Utilities

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