XCSR vs. CDEF ETF Comparison

Comparison of Ishares ESG Advanced MSCI Canada Idx ETF (XCSR) to Manulife Smart Defensive Equity ETF (CDEF)

XCSR

Ishares ESG Advanced MSCI Canada Idx ETF

XCSR Description

Each iShares Fund seeks to provide long-term capital growth by replicating, to the extentpossible, the performance, net of expenses, of an ESG-oriented Index selected at thediscretion of BlackRock Canada. Each ESG-oriented Index will generally be comprised ofsecurities of issuers that meet a minimum standard for overall ESG attributes and which arenot materially involved in specified business activities or severe controversies, in each case,as determined by the Index Provider. The current Index for each iShares Fund is identifiedin this prospectus under “Investment Objectives”.

Grade (RS Rating)

Last Trade

$76.10

Average Daily Volume

3,300

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

CDEF

Manulife Smart Defensive Equity ETF

CDEF Description

NA

Grade (RS Rating)

Last Trade

$11.34

Average Daily Volume

210

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	XCSR	CDEF
30 Days	3.56%	-0.87%
60 Days	6.33%	2.44%
90 Days	11.07%	8.10%
12 Months	30.83%	29.66%

3 Overlapping Holdings

	Symbol	Grade	Weight in XCSR	Weight in CDEF	Overlap
	BNS	A	4.76%	2.57%	2.57%
	CM	A	4.11%	2.75%	2.75%
	SLF	A	2.38%	2.66%	2.38%

XCSR Overweight 5 Positions Relative to CDEF

	Symbol	Grade	Weight
	SHOP	B	6.88%
	BMO	A	4.67%
	CSU	A	4.65%
	AEM	C	2.85%
	IFC	A	2.43%

XCSR Underweight 5 Positions Relative to CDEF

	Symbol	Grade	Weight
	MFC	A	-2.61%
	TRP	A	-2.6%
	H	C	-2.59%
	GWO	A	-2.59%
	FTS	A	-2.54%

XCSR: Top Represented Industries & Keywords

Industries: Banks - Global Software - Application Gold Insurance - Diversified Insurance - Property & Casualty

Keywords: S&P/Tsx 60 Index Bank Financial Financial Services Retail Banking Government ING Group Insurance Investment Banking Banking Products Capital Market Capital Markets Credit Integrated Investment Banks Mobile Software Td Securities Wealth Management

CDEF: Top Represented Industries & Keywords

Industries: Banks - Global Insurance - Life Utilities - Regulated Electric Insurance - Diversified Oil & Gas Midstream

Keywords: Financial Services Financial S&P/Tsx 60 Index Asset Management Energy Insurance Reinsurance Bank Banking Electricity Energy Infrastructure Gas Storage Health Infrastructure Investment Banking Life Insurance Natural Gas Natural Gas Storage Retail Storage