XCSR vs. ESGA ETF Comparison

Comparison of Ishares ESG Advanced MSCI Canada Idx ETF (XCSR) to BMO MSCI Canada ESG Leaders Index ETF (ESGA)

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

$76.15

Average Daily Volume

3,300

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

ESGA

BMO MSCI Canada ESG Leaders Index ETF

ESGA Description

BMO MSCI Canada ESG Leaders Index ETF seeks to replicate, to the extent possible, the performance ofan ESG-focused Canadian equity index, net of expenses. Currently, BMO MSCI Canada ESG Leaders Index ETFseeks to replicate the performance of the MSCI Canada ESG Leaders Index.

Grade (RS Rating)

Last Trade

$40.31

Average Daily Volume

1,322

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	XCSR	ESGA
30 Days	3.56%	3.37%
60 Days	6.33%	6.27%
90 Days	11.07%	11.08%
12 Months	30.83%	23.55%

5 Overlapping Holdings

	Symbol	Grade	Weight in XCSR	Weight in ESGA	Overlap
	AEM	C	2.85%	3.49%	2.85%
	BMO	A	4.67%	5.73%	4.67%
	BNS	A	4.76%	5.83%	4.76%
	IFC	A	2.43%	2.98%	2.43%
	SHOP	B	6.88%	8.43%	6.88%

XCSR Overweight 3 Positions Relative to ESGA

	Symbol	Grade	Weight
	CSU	A	4.65%
	CM	A	4.11%
	SLF	A	2.38%

XCSR Underweight 4 Positions Relative to ESGA

	Symbol	Grade	Weight
	ENB	A	-7.7%
	BN	B	-6.29%
	CNR	F	-5.48%
	ATD	B	-3.68%

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

ESGA: Top Represented Industries & Keywords

Industries: Banks - Global Asset Management Gold Insurance - Property & Casualty Oil & Gas Midstream Railroads Software - Application Specialty Retail

Keywords: S&P/Tsx 60 Index Bank Marketing Retail Transport Transportation Banking Banking Products Commodity Energy Financial Financial Services ING Group Insurance Investment Banking Mining Mobile Montreal Retailers Agnico Eagle Mines Limited