QXM vs. BNC ETF Comparison

Comparison of First Asset Morningstar National Bank Quebec Index ETF (QXM) to Purpose Canadian Financial Income Fund Series ETF (BNC)

QXM

First Asset Morningstar National Bank Quebec Index ETF

QXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® National Bank Québec Index™, net of expenses. The ETF invests in equity securities of issuers with a minimum float capitalization of $150 million and which are headquartered in the Province of Québec.

Grade (RS Rating)

Last Trade

$32.06

Average Daily Volume

720

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

BNC

Purpose Canadian Financial Income Fund Series ETF

BNC Description

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.

Grade (RS Rating)

Last Trade

$29.46

Average Daily Volume

1,270

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	QXM	BNC
30 Days	2.46%	5.21%
60 Days	6.48%
90 Days	9.49%
12 Months	24.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in QXM	Weight in BNC	Overlap
	IAG	A	5.02%	9.26%	5.02%
	NA	A	5.12%	12.02%	5.12%

QXM Overweight 8 Positions Relative to BNC

	Symbol	Grade	Weight
	DOL	B	6.25%
	MRU	A	5.44%
	WSP	C	5.22%
	POW	A	5.14%
	GIB.A	B	4.81%
	BCE	F	4.77%
	GIL	A	4.74%
	ATD	B	4.54%

QXM Underweight 6 Positions Relative to BNC

	Symbol	Grade	Weight
	CM	A	-12.39%
	BNS	A	-11.89%
	GWO	A	-9.09%
	SLF	A	-7.59%
	MFC	A	-7.21%
	BMO	A	-6.68%

QXM: Top Represented Industries & Keywords

Industries: Apparel Manufacturing Banks - Global Discount Stores Engineering & Construction Grocery Stores Information Technology Services Insurance - Diversified Insurance - Life Specialty Retail Telecom Services

Keywords: Health Retailers Energy Financial Financial Services Insurance Retailing S&P/Tsx 60 Index Service Companies Asset Management Cement Communications Consulting Credit Environmental Food Health Insurance Infrastructure Internet Protocol Oil

BNC: Top Represented Industries & Keywords

Industries: Banks - Global Insurance - Diversified Insurance - Life

Keywords: Financial Services Financial Insurance Asset Management Bank Banking Investment Banking S&P/Tsx 60 Index Wealth Management Health ING Group Reinsurance Retail Banking Products Capital Market Capital Markets Credit Economic History Of Italy Financial Products Government