WXM vs. ZFC ETF Comparison

Comparison of First Asset Morningstar Canada Momentum Index ETF (WXM) to BMO SIA Focused Canadian Equity Fund (ZFC)

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

$32.65

Average Daily Volume

1,720

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

ZFC

BMO SIA Focused Canadian Equity Fund

ZFC Description

This fund’s objective is to provide long-term capital growth by investing primarily in a portfolio of Canadian equities.

Grade (RS Rating)

Last Trade

$46.23

Average Daily Volume

738

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	WXM	ZFC
30 Days	4.98%	3.31%
60 Days	10.64%	7.91%
90 Days	13.53%	10.07%
12 Months	34.55%	14.83%

3 Overlapping Holdings

	Symbol	Grade	Weight in WXM	Weight in ZFC	Overlap
	GIL	A	3.43%	6.71%	3.43%
	K	C	3.47%	6.62%	3.47%
	WPM	C	3.5%	6.61%	3.5%

WXM Overweight 7 Positions Relative to ZFC

	Symbol	Grade	Weight
	CLS	A	4.75%
	GLXY	B	3.9%
	CPX	A	3.68%
	TA	A	3.64%
	IMO	A	3.57%
	IMG	B	3.53%
	AEM	C	3.43%

WXM Underweight 7 Positions Relative to ZFC

	Symbol	Grade	Weight
	ATZ	D	-7.03%
	FFH	A	-6.84%
	CIGI	D	-6.77%
	CSU	A	-6.6%
	DOL	B	-6.59%
	MFC	A	-6.56%
	CM	A	-6.53%

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

ZFC: Top Represented Industries & Keywords

Industries: Apparel Manufacturing Apparel Stores Banks - Global Discount Stores Gold Insurance - Life Insurance - Property & Casualty Real Estate Services Silver Software - Application

Keywords: S&P/Tsx 60 Index Financial Gold Government Health Retail Advisory Services Asset Management Bank Capital Market Capital Markets Clothing Credit Drink Financial Services Glass Insurance Insurance Operations Lifestyle Mines