FXM vs. ZLB ETF Comparison

Comparison of First Asset Morningstar Canada Value Index ETF (FXM) to BMO Low Volatility Canadian Equity ETF (ZLB)

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

$24.56

Average Daily Volume

1,418

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

ZLB

BMO Low Volatility Canadian Equity ETF

ZLB Description

BMO Low Volatility Canadian Equity ETF seeks to provide exposure to the performance of a portfolio of Canadian equities that have lower sensitivity to market movements with the potential for long-term capital appreciation.

Grade (RS Rating)

Last Trade

$48.22

Average Daily Volume

36,352

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	FXM	ZLB
30 Days	4.33%	2.73%
60 Days	7.62%	5.41%
90 Days	11.64%	10.98%
12 Months	26.12%	24.25%

3 Overlapping Holdings

	Symbol	Grade	Weight in FXM	Weight in ZLB	Overlap
	EMP.A	B	3.59%	3.47%	3.47%
	MRU	B	3.56%	4.29%	3.56%
	WN	B	3.55%	2.87%	2.87%

FXM Overweight 6 Positions Relative to ZLB

	Symbol	Grade	Weight
	BEI.UN	C	3.84%
	TA	B	3.78%
	K	C	3.7%
	QBR.B	A	3.61%
	ELD	C	3.53%
	ALA	C	3.48%

FXM Underweight 6 Positions Relative to ZLB

	Symbol	Grade	Weight
	L	B	-4.19%
	H	B	-3.42%
	X	C	-3.22%
	FTS	A	-2.98%
	TRI	C	-2.83%
	IFC	A	-2.75%

FXM: Top Represented Industries & Keywords

Industries: Grocery Stores Gold Oil & Gas Midstream REIT - Residential Telecom Services Utilities - Independent Power Producers

Keywords: Food Investment Trust Mining Real Estate Real Estate Investment Real Estate Investment Trust Bank Coal Drug Economy Of North America Energy Extraction Foods Gold Law Marketing Mines Mobile Open Ended Real Estate Investment Trust Pharma

ZLB: Top Represented Industries & Keywords

Industries: Grocery Stores Utilities - Regulated Electric Capital Markets Financial Exchanges Insurance - Property & Casualty

Keywords: Law Drug Financial Food Insurance Investment Trust Pharma Pharmacy Real Estate Real Estate Investment Real Estate Investment Trust Retail Retailers Retailing S&P/Tsx 60 Index Analytics Bank Banking Card Services Credit