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

$27.40

Average Daily Volume

1,244

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

$14.96

Average Daily Volume

1,663

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	QXM	INOC
30 Days	-2.80%	-1.06%
60 Days	0.27%	-0.27%
90 Days	0.93%	3.17%
12 Months	4.99%	18.12%

3 Overlapping Holdings

	Symbol	Grade	Weight in QXM	Weight in INOC	Overlap
	DOL	A	4.92%	4.02%	4.02%
	NA	A	5.77%	4.04%	4.04%
	TFII	D	5.58%	4.33%	4.33%

QXM Overweight 7 Positions Relative to INOC

	Symbol	Grade	Weight
	CNR	D	5.43%
	WSP	C	5.37%
	POW	D	5.0%
	GIB.A	D	4.99%
	ATRL	B	4.85%
	ATD	C	4.82%
	MRU	C	4.53%

QXM Underweight 6 Positions Relative to INOC

	Symbol	Grade	Weight
	RBA	C	-4.53%
	IMO	A	-4.33%
	CNQ	A	-4.27%
	GIL	B	-4.19%
	CP	D	-4.18%
	IFC	B	-4.16%

QXM: Top Represented Industries & Keywords

Industries: Engineering & Construction Banks - Global Discount Stores Grocery Stores Information Technology Services Insurance - Life Railroads Specialty Retail Trucking

Keywords: Energy Retailers Transportation Health Mining Retailing S&P/Tsx 60 Index Service Companies Transport Consulting Delivery Environmental Financial Financial Services Food Infrastructure Insurance Oil Retail Alabama

INOC: Top Represented Industries & Keywords

Industries: Apparel Manufacturing Banks - Global Business Services Discount Stores Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Integrated Railroads Trucking

Keywords: Marketing S&P/Tsx 60 Index Transport Transportation Mining Oil Retail Truck Consumer Products Crude Oil Energy Financial Freight Transport Insurance Insurance Operations Integrated Machinery Natural Gas Oil Sands Petroleum