TCSB vs. XESG ETF Comparison

Comparison of TD Select Short Term Corporate Bond Ladder ETF (TCSB) to Ishares ESG MSCI Cda Index ETF (XESG)

TCSB

TD Select Short Term Corporate Bond Ladder ETF

TCSB Description

TD Select Short Term Corporate Bond Ladder ETF seeks to earn a high rate of interest while preserving capital through exposure to the performance of a diversified portfolio of primarily Canadian corporate bonds, divided (“laddered”) into five groupings with staggered maturities from approximately one to five years. The TD ETF may also seek added value from non-Canadian and/or non-investment-grade debt instruments to enhance total return.

Grade (RS Rating)

Last Trade

$14.65

Average Daily Volume

8,191

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

XESG

Ishares ESG MSCI Cda Index ETF

XESG Description

Each iShares ESG Equity Fund seeks to provide long-term capital growth by replicating, to the extentpossible, the performance, net of expenses, of an environmental, social and governance (“ESG”)-oriented Index(defined below) selected at the discretion of BlackRock Canada. Each ESG-oriented Index will generally emphasizeissuers that have positive environmental, social and governance characteristics, as identified by the Index Provider(defined below), chosen from the securities included in its respective reference parent index (each, a “Parent Index”).The current ESG Equity Fund Index for each iShares ESG Equity Fund is identified in this prospectus under“Investment Objectives – iShares ESG Equity Funds”.

Grade (RS Rating)

Last Trade

$30.99

Average Daily Volume

4,158

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	TCSB	XESG
30 Days	-0.41%	2.38%
60 Days	-0.27%	6.35%
90 Days	0.48%	10.95%
12 Months	5.33%	27.28%

2 Overlapping Holdings

	Symbol	Grade	Weight in TCSB	Weight in XESG	Overlap
	CM	A	1.94%	2.59%	1.94%
	NA	A	1.93%	3.0%	1.93%

TCSB Overweight 3 Positions Relative to XESG

	Symbol	Grade	Weight
	SAP	F	2.19%
	REI.UN	D	2.09%
	DIR.UN	D	1.95%

TCSB Underweight 6 Positions Relative to XESG

	Symbol	Grade	Weight
	BNS	A	-4.87%
	ENB	A	-4.24%
	SHOP	B	-3.94%
	CNR	F	-3.37%
	BN	B	-3.24%
	SLF	A	-2.88%

TCSB: Top Represented Industries & Keywords

Industries: Banks - Global Packaged Foods REIT - Industrial REIT - Retail

Keywords: Bank Banking Financial Financial Services Integrated Investment Banking Investment Solutions Investment Trust Real Estate Real Estate Investment Real Estate Investment Trust Retail S&P/Tsx 60 Index Trust Law Wealth Management 2g Advisors Advisory Services Asset And Liability Management Bank Of Canada

XESG: Top Represented Industries & Keywords

Industries: Banks - Global Asset Management Insurance - Diversified Oil & Gas Midstream Railroads Software - Application

Keywords: Financial Services Retail S&P/Tsx 60 Index Bank Banking Financial Integrated Investment Banking Marketing Mobile Commodity Economic History Of Italy ING Group Insurance Investment Solutions Transport Transportation Wealth Management Advisors Advisory Services