QXM vs. FLI ETF Comparison

Comparison of First Asset Morningstar National Bank Quebec Index ETF (QXM) to First Asset U.S. & Canada LifeCo Income ETF (FLI)

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

$31.70

Average Daily Volume

726

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FLI

First Asset U.S. & Canada LifeCo Income ETF

FLI Description

First Asset U.S. & Canada Lifeco Income ETF (the Fund), formerly First Asset U.S. & Canada LifeCo Income Fund, is a Canada-based exchange traded fund. The Fund's investment objectives are to provide unitholders with quarterly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly traded common equity securities of the United States and Canadian life insurance companies by market capitalization directly. The Fund provides investors with a way to diversify their holdings within the financial sector, while also providing an opportunity to participate in the stock gains that life insurance companies are about to experience in a rising interest rate environment. The Fund's investment manager is First Asset Investment Management Inc.

Grade (RS Rating)

Last Trade

$11.70

Average Daily Volume

3,027

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	QXM	FLI
30 Days	1.28%	2.63%
60 Days	6.30%	7.93%
90 Days	8.12%	13.04%
12 Months	22.76%	30.21%

0 Overlapping Holdings

	Symbol	Grade	Weight in QXM	Weight in FLI	Overlap

QXM Overweight 10 Positions Relative to FLI

	Symbol	Grade	Weight
	DOL	B	6.25%
	MRU	A	5.44%
	WSP	C	5.22%
	POW	B	5.14%
	NA	A	5.12%
	IAG	A	5.02%
	GIB.A	C	4.81%
	BCE	F	4.77%
	GIL	B	4.74%
	ATD	B	4.54%

QXM Underweight 3 Positions Relative to FLI

	Symbol	Grade	Weight
	MFC	A	-10.14%
	SLF	A	-10.1%
	GWO	A	-9.98%

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

FLI: Top Represented Industries & Keywords

Industries: Insurance - Life Insurance - Diversified

Keywords: Asset Management Financial Financial Services Insurance Reinsurance Health Life Insurance S&P/Tsx 60 Index Annuity Asset Management Solutions Corporate Segment Gen Re Great West Lifeco Health Insurance Insurance Companies Insurance Operations Investment Management John Hancock London Malaysia