QXM vs. NDIV ETF Comparison

Comparison of First Asset Morningstar National Bank Quebec Index ETF (QXM) to Nbi Canadian Dividend Income ETF (NDIV)

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

$29.27

Average Daily Volume

1,670

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

NDIV

Nbi Canadian Dividend Income ETF

NDIV Description

The NBI Canadian Dividend Income ETF’s investment objective is to maximize the potential for long-term capital growth and to generate sustained dividend income. It invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of equity securities of Canadian companies that pay dividends.

Grade (RS Rating)

Last Trade

$31.98

Average Daily Volume

1,969

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	QXM	NDIV
30 Days	3.61%	2.83%
60 Days	4.02%	5.96%
90 Days	3.54%	3.87%
12 Months	13.70%	10.21%

1 Overlapping Holdings

	Symbol	Grade	Weight in QXM	Weight in NDIV	Overlap
	NA	A	4.76%	4.04%	4.04%

QXM Overweight 9 Positions Relative to NDIV

	Symbol	Grade	Weight
	DOL	C	6.0%
	MRU	A	5.38%
	ATD	D	5.31%
	WSP	B	5.12%
	GIB.A	A	5.0%
	POW	A	4.95%
	BCE	B	4.85%
	ATRL	D	4.85%
	TFII	D	4.67%

QXM Underweight 6 Positions Relative to NDIV

	Symbol	Grade	Weight
	ENB	A	-6.81%
	CNQ	D	-5.82%
	BAM	C	-5.58%
	CNR	D	-5.35%
	BIP.UN	B	-4.33%
	QBR.B	A	-4.04%

QXM: Top Represented Industries & Keywords

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

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

NDIV: Top Represented Industries & Keywords

Industries: Asset Management Banks - Global Oil & Gas E&P Oil & Gas Midstream Railroads Telecom Services Utilities - Diversified

Keywords: Energy Natural Gas S&P/Tsx 60 Index Transport Transportation Brookfield Asset Management Commodity Communications Crude Oil Electricity Energy Industry Energy Transportation Liquids Marketing Media Mobile Natural Gas Liquids Oil Oil Sands Pipe