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

$26.33

Average Daily Volume

4,953

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

$21.64

Average Daily Volume

3,205

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	WXM	FXM
30 Days	0.30%	0.05%
60 Days	0.38%	3.69%
90 Days	3.69%	6.17%
12 Months	8.78%	5.98%

2 Overlapping Holdings

	Symbol	Grade	Weight in WXM	Weight in FXM	Overlap
	MEG	B	3.58%	3.51%	3.51%
	MFC	B	3.48%	3.41%	3.41%

WXM Overweight 8 Positions Relative to FXM

	Symbol	Grade	Weight
	IVN	B	3.67%
	GIL	D	3.6%
	NA	A	3.51%
	TIH	D	3.5%
	X	B	3.44%
	ARX	B	3.42%
	CNR	D	3.41%
	GEI	D	3.38%

WXM Underweight 7 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%
	DOO	C	-3.42%
	AQN	B	-3.38%

WXM: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Apparel Manufacturing Banks - Global Financial Exchanges Industrial Distribution Industrial Metals & Minerals Insurance - Life Oil & Gas Midstream Railroads

Keywords: Energy Integrated Oil Petroleum S&P/Tsx 60 Index Chemistry Crude Oil Financial Financial Markets Financial Services Gold Insurance Insurance Operations Liquids Mining Mobile Montreal Natural Gas Physical Sciences Pipe

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