FXM vs. ZUT ETF Comparison

Comparison of First Asset Morningstar Canada Value Index ETF (FXM) to BMO Equal Weight Utilities Index ETF (ZUT)

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

ZUT

BMO Equal Weight Utilities Index ETF

ZUT Description

BMO Equal Weight Utilities Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Utilities Index net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index

Grade (RS Rating)

Last Trade

$22.23

Average Daily Volume

48,164

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	FXM	ZUT
30 Days	1.19%	-2.29%
60 Days	6.58%	0.75%
90 Days	10.39%	6.30%
12 Months	25.52%	16.78%

2 Overlapping Holdings

	Symbol	Grade	Weight in FXM	Weight in ZUT	Overlap
	CPX	A	3.75%	7.02%	3.75%
	TA	A	3.71%	7.83%	3.71%

FXM Overweight 8 Positions Relative to ZUT

	Symbol	Grade	Weight
	CLS	A	4.84%
	HBM	B	4.14%
	GLXY	B	3.97%
	IMG	B	3.6%
	K	C	3.54%
	CG	D	3.41%
	MFC	A	3.39%
	MEG	C	3.39%

FXM Underweight 7 Positions Relative to ZUT

	Symbol	Grade	Weight
	BEP.UN	C	-7.43%
	INE	D	-7.41%
	BLX	D	-7.31%
	BIP.UN	B	-7.28%
	NPI	F	-7.23%
	CU	B	-6.96%
	EMA	C	-6.92%

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

ZUT: Top Represented Industries & Keywords

Industries: Utilities - Independent Power Producers Utilities - Diversified Utilities - Regulated Electric

Keywords: Energy Electricity Natural Gas Solar Renewable Energy Utilities Power Producer Rook Universe Wind Power Alberta Electricity Policy Biomass Brookfield Coal Construction Electricity Generation Energy Segment Farm Gas Transmission Infrastructure