QXM vs. WXM ETF Comparison

Comparison of First Asset Morningstar National Bank Quebec Index ETF (QXM) to First Asset Morningstar Canada Momentum Index ETF (WXM)

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

$32.18

Average Daily Volume

711

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

WXM

First Asset Morningstar Canada Momentum Index ETF

WXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Momentum Index™ (the “Index”), net of expenses. The ETF invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which have demonstrated, among other things, positive momentum in earnings and price.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

1,897

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	QXM	WXM
30 Days	2.84%	5.73%
60 Days	6.77%	10.83%
90 Days	9.90%	13.49%
12 Months	25.00%	34.24%

1 Overlapping Holdings

	Symbol	Grade	Weight in QXM	Weight in WXM	Overlap
	GIL	A	4.8%	3.43%	3.43%

QXM Overweight 9 Positions Relative to WXM

	Symbol	Grade	Weight
	ATRL	A	5.21%
	DOL	B	5.17%
	WSP	C	5.15%
	NA	A	5.09%
	POW	A	5.05%
	TFII	B	5.02%
	ATD	B	4.89%
	GIB.A	C	4.89%
	MRU	A	4.83%

QXM Underweight 9 Positions Relative to WXM

	Symbol	Grade	Weight
	CLS	B	-4.75%
	GLXY	B	-3.9%
	CPX	A	-3.68%
	TA	B	-3.64%
	IMO	A	-3.57%
	IMG	B	-3.53%
	WPM	C	-3.5%
	K	C	-3.47%
	AEM	C	-3.43%

QXM: Top Represented Industries & Keywords

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

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

WXM: Top Represented Industries & Keywords

Industries: Gold Apparel Manufacturing Capital Markets Contract Manufacturers Oil & Gas Integrated Silver Utilities - Independent Power Producers Utilities - Regulated Electric

Keywords: Mining Gold Mines Bank Energy S&P/Tsx 60 Index Solar Dow Manufacturing Marketing Mineral Natural Gas Acquisitions Aerospace Agnico Eagle Mines Limited Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage Asset Management