XCSR vs. ZVC ETF Comparison

Comparison of Ishares ESG Advanced MSCI Canada Idx ETF (XCSR) to BMO MSCI Canada Value Index ETF (ZVC)

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

ZVC

BMO MSCI Canada Value Index ETF

ZVC Description

BMO MSCI Canada Value Index ETF seeks to replicate, to the extent possible, the performance of a Canadian equity value index, net of expenses. Currently, BMO MSCI Canada Value Index ETF seeks to replicate the performance of the MSCI Canada Enhanced Value Capped Index.

Grade (RS Rating)

Last Trade

$30.53

Average Daily Volume

1,442

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	XCSR	ZVC
30 Days	4.35%	2.86%
60 Days	6.90%	5.45%
90 Days	11.30%	7.71%
12 Months	31.37%	21.43%

3 Overlapping Holdings

	Symbol	Grade	Weight in XCSR	Weight in ZVC	Overlap
	BMO	A	4.85%	4.39%	4.39%
	BNS	A	4.62%	5.91%	4.62%
	CM	A	4.3%	4.97%	4.3%

XCSR Overweight 5 Positions Relative to ZVC

	Symbol	Grade	Weight
	SHOP	B	6.9%
	CSU	A	4.43%
	AEM	C	3.14%
	IFC	A	2.48%
	NA	A	2.36%

XCSR Underweight 6 Positions Relative to ZVC

	Symbol	Grade	Weight
	MFC	A	-7.04%
	SU	A	-5.96%
	GIB.A	C	-5.17%
	CP	D	-4.88%
	CNQ	C	-4.17%
	CNR	D	-3.9%

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

ZVC: Top Represented Industries & Keywords

Industries: Banks - Global Railroads Information Technology Services Insurance - Life Oil & Gas E&P Oil & Gas Integrated

Keywords: S&P/Tsx 60 Index Financial Services Retail Bank Banking Financial Investment Banking Transport Banking Products Capital Market Capital Markets Credit Crude Oil Energy Government ING Group Insurance Integrated Investment Banks Marketing