WXM vs. TLV ETF Comparison

Comparison of First Asset Morningstar Canada Momentum Index ETF (WXM) to PowerShares S&P/TSX Composite Low Volatility Index ETF (TLV)

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

$26.42

Average Daily Volume

4,852

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

TLV

PowerShares S&P/TSX Composite Low Volatility Index ETF

TLV Description

TLV seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the S&P/TSX Composite Low Volatility Index, or any successor thereto. This Invesco ETF invests, directly or indirectly, primarily in Canadian equity securities.

Grade (RS Rating)

Last Trade

$29.67

Average Daily Volume

2,997

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	WXM	TLV
30 Days	-0.30%	0.99%
60 Days	-0.34%	-0.23%
90 Days	5.29%	3.76%
12 Months	8.04%	2.46%

2 Overlapping Holdings

	Symbol	Grade	Weight in WXM	Weight in TLV	Overlap
	CNR	C	3.41%	2.19%	2.19%
	X	C	3.44%	2.44%	2.44%

WXM Overweight 8 Positions Relative to TLV

	Symbol	Grade	Weight
	IVN	B	3.67%
	GIL	D	3.6%
	MEG	B	3.58%
	NA	A	3.51%
	TIH	D	3.5%
	MFC	A	3.48%
	ARX	A	3.42%
	GEI	D	3.38%

WXM Underweight 7 Positions Relative to TLV

	Symbol	Grade	Weight
	GWO	C	-2.47%
	SLF	C	-2.46%
	PPL	A	-2.25%
	BCE	F	-2.23%
	MRU	C	-2.15%
	ENB	A	-2.15%
	POW	C	-2.14%

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

TLV: Top Represented Industries & Keywords

Industries: Insurance - Life Oil & Gas Midstream Financial Exchanges Grocery Stores Insurance - Diversified Railroads Telecom Services

Keywords: S&P/Tsx 60 Index Asset Management Energy Financial Financial Services Insurance Natural Gas Reinsurance Transport Transportation Commodity Communications Crude Oil Great West Lifeco Health Health Insurance Integrated Life Insurance Liquids Montreal