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

$31.00

Average Daily Volume

1,586

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

$24.56

Average Daily Volume

2,108

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	WXM	FXM
30 Days	4.24%	0.29%
60 Days	6.60%	4.96%
90 Days	12.93%	9.55%
12 Months	32.28%	23.63%

4 Overlapping Holdings

	Symbol	Grade	Weight in WXM	Weight in FXM	Overlap
	CLS	A	3.58%	3.52%	3.52%
	GLXY	B	3.89%	3.82%	3.82%
	MFC	B	3.39%	3.34%	3.34%
	TA	A	3.65%	3.59%	3.59%

WXM Overweight 6 Positions Relative to FXM

	Symbol	Grade	Weight
	ATZ	D	3.48%
	BIPC	B	3.41%
	IMO	C	3.4%
	CIGI	A	3.38%
	IMG	B	3.36%
	AGI	B	3.34%

WXM Underweight 6 Positions Relative to FXM

	Symbol	Grade	Weight
	HBM	B	-4.13%
	FTT	C	-3.69%
	NPI	F	-3.4%
	MEG	F	-3.39%
	CG	C	-3.38%
	EMP.A	B	-3.36%

WXM: Top Represented Industries & Keywords

Industries: Gold Apparel Stores Asset Management Capital Markets Contract Manufacturers Insurance - Life Oil & Gas Integrated Real Estate Services Utilities - Independent Power Producers

Keywords: Asset Management Mining Capital Market Capital Markets Energy Financial Gold Health Manufacturing Marketing Mineral Mines Solar Acquisitions Advisory Services Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage

FXM: Top Represented Industries & Keywords

Industries: Utilities - Independent Power Producers Capital Markets Contract Manufacturers Copper Gold Grocery Stores Industrial Distribution Insurance - Life Oil & Gas E&P

Keywords: Energy Mining Solar Asset Management Gold Health Marketing Mines Private Equity Acquisitions Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage Athabasca Athabasca Oil Sands Bank Biomass Blockchain