XCSR vs. ZLSC ETF Comparison

Comparison of Ishares ESG Advanced MSCI Canada Idx ETF (XCSR) to BMO Long Short Canadian Equity ETF (ZLSC)

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

$76.12

Average Daily Volume

3,305

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

ZLSC

BMO Long Short Canadian Equity ETF

ZLSC Description

Grade (RS Rating)

Last Trade

$36.78

Average Daily Volume

381

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	XCSR	ZLSC
30 Days	4.35%	3.26%
60 Days	6.90%	4.67%
90 Days	11.30%	7.70%
12 Months	31.37%

3 Overlapping Holdings

	Symbol	Grade	Weight in XCSR	Weight in ZLSC	Overlap
	AEM	C	3.14%	3.48%	3.14%
	CSU	A	4.43%	4.17%	4.17%
	NA	A	2.36%	3.58%	2.36%

XCSR Overweight 5 Positions Relative to ZLSC

	Symbol	Grade	Weight
	SHOP	B	6.9%
	BMO	A	4.85%
	BNS	A	4.62%
	CM	A	4.3%
	IFC	A	2.48%

XCSR Underweight 4 Positions Relative to ZLSC

	Symbol	Grade	Weight
	CNQ	C	-3.65%
	SU	A	-3.57%
	DOL	B	-3.49%
	WN	C	-3.09%

XCSR: Top Represented Industries & Keywords

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

Keywords: Bank Banking Financial Financial Services ING Group Investment Banking S&P/Tsx 60 Index Government Insurance Integrated Retail Wealth Management Banking Products Capital Market Capital Markets Credit Economic History Of Italy Insurance Operations Investment Banks Investment Solutions

ZLSC: Top Represented Industries & Keywords

Industries: Banks - Global Discount Stores Gold Grocery Stores Oil & Gas E&P Oil & Gas Integrated Software - Application

Keywords: S&P/Tsx 60 Index Bank Marketing Oil Banking Credit Crude Oil Drink Energy Food Health ING Group Insurance Integrated Mining Natural Gas Offshore Oil Sands Petroleum Petroleum Geology