UTIL vs. CDEF ETF Comparison

Comparison of Horizons Canadian Utility Services High Dividend Index ETF (UTIL) to Manulife Smart Defensive Equity ETF (CDEF)

UTIL

Horizons Canadian Utility Services High Dividend Index ETF

UTIL Description

Horizons Canadian Utility Services High Dividend Index ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in public equity markets of Canada. The fund invests in stocks of companies operating across communication services, telecommunication services, energy, oil, gas and consumable fuels, oil and gas storage transportation, natural gas pipelines, oil and gas pipelines sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in dividend paying stocks of companies. The fund seeks to track the performance of the Solactive Canadian Utility Services High Dividend Index, by using full replication technique. Horizons Canadian Utility Services High Dividend Index ETF was formed on August 9, 2022 and is domiciled in Canada.

Grade (RS Rating)

Last Trade

$22.57

Average Daily Volume

1,478

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

CDEF

Manulife Smart Defensive Equity ETF

CDEF Description

NA

Grade (RS Rating)

Last Trade

$11.02

Average Daily Volume

238

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	UTIL	CDEF
30 Days	5.40%	5.15%
60 Days	11.13%	9.33%
90 Days	12.95%	11.10%
12 Months	10.89%	23.91%

5 Overlapping Holdings

	Symbol	Grade	Weight in UTIL	Weight in CDEF	Overlap
	ENB	A	8.43%	2.5%	2.5%
	FTS	A	8.39%	2.51%	2.51%
	H	A	8.64%	2.52%	2.52%
	T	B	7.92%	2.51%	2.51%
	TRP	B	8.72%	2.49%	2.49%

UTIL Overweight 5 Positions Relative to CDEF

	Symbol	Grade	Weight
	BIP.UN	B	8.85%
	PPL	A	8.64%
	ALA	A	8.58%
	EMA	A	8.5%
	BCE	C	7.99%

UTIL Underweight 4 Positions Relative to CDEF

	Symbol	Grade	Weight
	MFC	A	-2.83%
	GIB.A	B	-2.57%
	IFC	B	-2.52%
	CM	A	-2.49%

UTIL: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Telecom Services Utilities - Diversified Utilities - Regulated Electric

Keywords: Energy Natural Gas Communications Electricity Infrastructure Liquids S&P/Tsx 60 Index Storage Utilities Energy Infrastructure Energy Segment Gas Storage Natural Gas Liquids Natural Gas Storage Pipe Pipeline Telecommunications Transport Transportation Utilities Segment

CDEF: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Utilities - Regulated Electric Banks - Global Information Technology Services Insurance - Life Insurance - Property & Casualty Telecom Services

Keywords: S&P/Tsx 60 Index Energy Financial Information Information Technology Infrastructure Natural Gas Communications Credit Electricity Energy Infrastructure Financial Services Gas Storage Gas Utility Health Insurance Insurance Operations Internet Protocol Liquids Mobile