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

$25.52

Average Daily Volume

2,138

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

$32.65

Average Daily Volume

1,720

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FXM	WXM
30 Days	1.19%	4.98%
60 Days	6.58%	10.64%
90 Days	10.39%	13.53%
12 Months	25.52%	34.55%

6 Overlapping Holdings

	Symbol	Grade	Weight in FXM	Weight in WXM	Overlap
	CLS	A	4.84%	4.75%	4.75%
	CPX	A	3.75%	3.68%	3.68%
	GLXY	B	3.97%	3.9%	3.9%
	IMG	B	3.6%	3.53%	3.53%
	K	C	3.54%	3.47%	3.47%
	TA	A	3.71%	3.64%	3.64%

FXM Overweight 4 Positions Relative to WXM

	Symbol	Grade	Weight
	HBM	B	4.14%
	CG	D	3.41%
	MFC	A	3.39%
	MEG	C	3.39%

FXM Underweight 4 Positions Relative to WXM

	Symbol	Grade	Weight
	IMO	A	-3.57%
	WPM	C	-3.5%
	GIL	A	-3.43%
	AEM	C	-3.43%

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

WXM: Top Represented Industries & Keywords

Industries: Gold Apparel Stores Asset Management Capital Markets Contract Manufacturers Insurance - Life Oil & Gas Integrated Real Estate Services Utilities - Independent Power Producers

Keywords: Asset Management Mining Capital Market Capital Markets Energy Financial Gold Health Manufacturing Marketing Mineral Mines Solar Acquisitions Advisory Services Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage