XBAL vs. INOC ETF Comparison

Comparison of Ishares Core Balanced ETF Portfolio (XBAL) to Horizons Inovestor CDN Equity Index ETF (INOC)

XBAL

Ishares Core Balanced ETF Portfolio

XBAL Description

The Fund seeks to provide long-term capital growth and income by investing primarily in one or more exchange-traded funds managed by BlackRock Canada or an affiliate (“iShares ETFs”) that provide exposure to equity and/or fixed income securities.

Grade (RS Rating)

Last Trade

$30.24

Average Daily Volume

38,210

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

INOC

Horizons Inovestor CDN Equity Index ETF

INOC Description

The fundamental investment objective of the ETF is to seek to replicate, to the extent possible, the performance of the Nasdaq Inovestor Canada Index (the “Underlying Index”), net of expenses. The Underlying Index is a large capitalization equity index of diversified constituents which are selected largely from the Canadian equity universe.

Grade (RS Rating)

Last Trade

$16.30

Average Daily Volume

3,467

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	XBAL	INOC
30 Days	1.65%	1.56%
60 Days	1.99%	1.56%
90 Days	3.28%	2.39%
12 Months	18.03%	19.59%

0 Overlapping Holdings

	Symbol	Grade	Weight in XBAL	Weight in INOC	Overlap

XBAL Overweight 2 Positions Relative to INOC

	Symbol	Grade	Weight
	XBB	D	24.67%
	XIC	A	15.39%

XBAL Underweight 8 Positions Relative to INOC

	Symbol	Grade	Weight
	NWC	B	-4.55%
	NA	A	-4.42%
	EMA	C	-4.38%
	ENGH	D	-4.27%
	EQB	A	-4.26%
	IFC	A	-4.24%
	LIF	C	-4.22%
	DOL	B	-4.22%

XBAL: Top Represented Industries & Keywords

Industries:

Keywords: Asset Management Blackrock Index Fund Ishares Bloomberg Barclays Us Aggregate Bond Index Bond Market Indices Corporate Bond Credit Economy Of Toronto Energy Exchange Traded Funds Financial Financial Markets Government Government Of Canada Guarantee Infrastructure Market Capitalization Municipal Bond Real Estate

INOC: Top Represented Industries & Keywords

Industries: Banks - Global Discount Stores Grocery Stores Insurance - Property & Casualty Software - Application Specialty Finance Steel Utilities - Diversified

Keywords: Financial Financial Services Bank Food Insurance Insurance Operations Integrated Oil Retail Retailers Retailing Service Provider Utilities Active Management Agriculture Algonquin Power & Utilities Analytics Asset And Liability Management Asset Management Bank Of Canada