WXM vs. FXM ETF Comparison

Comparison of First Asset Morningstar Canada Momentum Index ETF (WXM) to First Asset Morningstar Canada Value Index ETF (FXM)

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

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

$25.94

Average Daily Volume

2,116

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	WXM	FXM
30 Days	5.73%	4.64%
60 Days	10.83%	8.22%
90 Days	13.49%	11.47%
12 Months	34.24%	28.67%

6 Overlapping Holdings

	Symbol	Grade	Weight in WXM	Weight in FXM	Overlap
	CLS	B	4.75%	4.84%	4.75%
	CPX	A	3.68%	3.75%	3.68%
	GLXY	B	3.9%	3.97%	3.9%
	IMG	B	3.53%	3.6%	3.53%
	K	C	3.47%	3.54%	3.47%
	TA	B	3.64%	3.71%	3.64%

WXM Overweight 4 Positions Relative to FXM

	Symbol	Grade	Weight
	IMO	A	3.57%
	WPM	C	3.5%
	AEM	C	3.43%
	GIL	A	3.43%

WXM Underweight 4 Positions Relative to FXM

	Symbol	Grade	Weight
	HBM	B	-4.14%
	CG	D	-3.41%
	MEG	C	-3.39%
	MFC	A	-3.39%

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

FXM: Top Represented Industries & Keywords

Industries: Gold Capital Markets Contract Manufacturers Copper Insurance - Life Oil & Gas E&P Utilities - Independent Power Producers Utilities - Regulated Electric

Keywords: Mining Energy Gold Mines Solar Asset Management Bank Extraction Gold Mines Gold Mining Health Marketing Mineral Acquisitions Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage Athabasca