QXM vs. INOC ETF Comparison

Comparison of First Asset Morningstar National Bank Quebec Index ETF (QXM) to Horizons Inovestor CDN Equity Index ETF (INOC)

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

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

$16.22

Average Daily Volume

3,373

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	QXM	INOC
30 Days	2.46%	0.75%
60 Days	6.48%	0.75%
90 Days	9.49%	1.88%
12 Months	24.06%	19.00%

2 Overlapping Holdings

	Symbol	Grade	Weight in QXM	Weight in INOC	Overlap
	DOL	B	6.25%	4.22%	4.22%
	NA	A	5.12%	4.42%	4.42%

QXM Overweight 8 Positions Relative to INOC

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

QXM Underweight 6 Positions Relative to INOC

	Symbol	Grade	Weight
	NWC	B	-4.55%
	EMA	C	-4.38%
	ENGH	D	-4.27%
	EQB	A	-4.26%
	IFC	A	-4.24%
	LIF	C	-4.22%

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

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