UTIL vs. ZEO ETF Comparison

Comparison of Horizons Canadian Utility Services High Dividend Index ETF (UTIL) to BMO S&P/TSX Equal Weight Oil & Gas Index ETF (ZEO)

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

$22.20

Average Daily Volume

804

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

ZEO

BMO S&P/TSX Equal Weight Oil & Gas Index ETF

ZEO Description

BMO Equal Weight Oil & Gas Index ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian large-cap oil and gas companies index, net of expenses. Currently, BMO Equal Weight Oil & Gas Index ETF seeks to replicate the performance of the Solactive Equal Weight Canada Oil & Gas Index.

Grade (RS Rating)

Last Trade

$75.78

Average Daily Volume

11,242

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	UTIL	ZEO
30 Days	-1.51%	1.54%
60 Days	-1.64%	7.38%
90 Days	3.69%	1.96%
12 Months	11.75%	20.35%

3 Overlapping Holdings

	Symbol	Grade	Weight in UTIL	Weight in ZEO	Overlap
	ENB	A	8.41%	8.83%	8.41%
	PPL	A	8.44%	8.85%	8.44%
	TRP	A	9.1%	9.04%	9.04%

UTIL Overweight 7 Positions Relative to ZEO

	Symbol	Grade	Weight
	BIP.UN	B	9.03%
	H	C	8.79%
	EMA	C	8.53%
	FTS	A	8.38%
	ALA	C	8.18%
	BCE	F	7.73%
	T	D	7.69%

UTIL Underweight 7 Positions Relative to ZEO

	Symbol	Grade	Weight
	TOU	B	-9.46%
	IMO	B	-9.41%
	MEG	D	-9.31%
	CNQ	D	-9.21%
	KEY	A	-9.15%
	CVE	D	-9.14%
	SU	A	-8.97%

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

ZEO: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas E&P Oil & Gas Integrated

Keywords: Natural Gas Oil Crude Oil Energy Petroleum Liquids Oil Sands Pipe Pipeline Marketing Petroleum Industry S&P/Tsx 60 Index Transport Natural Gas Liquids Integrated Petroleum Geology Petroleum Industry In Canada Transportation Dow Midstream