INOC vs. VXM ETF Comparison

Comparison of Horizons Inovestor CDN Equity Index ETF (INOC) to First Asset Morningstar International Value Index ETF (VXM)

INOC

Horizons Inovestor CDN Equity Index ETF

INOC Description

The fundamental investment objective of the ETF is to seek to replicate, to the extent possible, the performance of the Nasdaq Inovestor Canada Index (the “Underlying Index”), net of expenses. The Underlying Index is a large capitalization equity index of diversified constituents which are selected largely from the Canadian equity universe.

Grade (RS Rating)

Last Trade

$15.88

Average Daily Volume

3,095

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

VXM

First Asset Morningstar International Value Index ETF

VXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Developed Markets ex-North America Target Value Index™, net of expenses. The ETF invests in equity securities of the largest and most liquid issuers from countries classified by Morningstar as developed markets, excluding the U.S. and Canada, based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to issuers from developed markets, excluding the U.S. and Canada, 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

$32.92

Average Daily Volume

1,739

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	INOC	VXM
30 Days	-1.24%	-0.66%
60 Days	0.06%	-0.45%
90 Days	2.85%	-1.23%
12 Months	20.28%	21.30%

0 Overlapping Holdings

	Symbol	Grade	Weight in INOC	Weight in VXM	Overlap

INOC Overweight 8 Positions Relative to VXM

	Symbol	Grade	Weight
	NWC	A	4.55%
	NA	A	4.42%
	EMA	C	4.38%
	ENGH	F	4.27%
	EQB	B	4.26%
	IFC	A	4.24%
	LIF	C	4.22%
	DOL	A	4.22%

INOC Underweight 1 Positions Relative to VXM

	Symbol	Grade	Weight
	CIA	D	-0.57%

INOC: Top Represented Industries & Keywords

Industries: Banks - Global Discount Stores Grocery Stores Insurance - Property & Casualty Software - Application Specialty Finance Steel Utilities - Diversified

Keywords: Financial Financial Services Bank Food Insurance Insurance Operations Integrated Oil Retail Retailers Retailing Service Provider Utilities Active Management Agriculture Algonquin Power & Utilities Analytics Asset And Liability Management Asset Management Bank Of Canada

VXM: Top Represented Industries & Keywords

Industries: Industrial Metals & Minerals

Keywords: Fermont Iron Ore Labrador City Mineral Minerals