UTIL vs. FXM ETF Comparison

Comparison of Horizons Canadian Utility Services High Dividend Index ETF (UTIL) to First Asset Morningstar Canada Value Index ETF (FXM)

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

$19.61

Average Daily Volume

2,273

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

FXM

First Asset Morningstar Canada Value Index ETF

FXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value 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 are considered to be “good value” based on characteristics like low price to earnings and low price to cash flow ratios.

Grade (RS Rating)

Last Trade

$21.62

Average Daily Volume

3,194

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	UTIL	FXM
30 Days	-0.86%	0.65%
60 Days	-2.68%	4.09%
90 Days	-4.29%	6.07%
12 Months	-15.36%	4.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in UTIL	Weight in FXM	Overlap

UTIL Overweight 10 Positions Relative to FXM

	Symbol	Grade	Weight
	BIP.UN	C	8.84%
	H	C	8.82%
	PPL	A	8.77%
	TRP	C	8.75%
	ALA	A	8.74%
	ENB	A	8.45%
	EMA	C	8.18%
	RCI.B	F	8.16%
	FTS	A	7.99%
	T	C	7.77%

UTIL Underweight 9 Positions Relative to FXM

	Symbol	Grade	Weight
	K	B	-3.71%
	FTT	B	-3.62%
	VET	C	-3.61%
	BBD.B	A	-3.61%
	AC	D	-3.56%
	MEG	B	-3.51%
	DOO	C	-3.42%
	MFC	C	-3.41%
	AQN	A	-3.38%

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 Information Information Technology Natural Gas Liquids Natural Gas Storage Pipe Pipeline Telecommunications Transport

FXM: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Airlines Banks - Regional - Latin America Gold Industrial Distribution Insurance - Life Recreational Vehicles Utilities - Independent Power Producers

Keywords: Energy Engines Extraction Natural Gas Oil Pipe Pipeline Regional Jet S&P/Tsx 60 Index Transport Water Aeroplan Aerostructure Aftermarket Air Canada Airbus Airline Airliners Airlines Algonquin Power & Utilities