XESG vs. ZIU ETF Comparison

Comparison of Ishares ESG MSCI Cda Index ETF (XESG) to BMO S&P/Tsx 60 Index ETF (ZIU)

XESG

Ishares ESG MSCI Cda Index ETF

XESG Description

Each iShares ESG Equity Fund seeks to provide long-term capital growth by replicating, to the extentpossible, the performance, net of expenses, of an environmental, social and governance (“ESG”)-oriented Index(defined below) selected at the discretion of BlackRock Canada. Each ESG-oriented Index will generally emphasizeissuers that have positive environmental, social and governance characteristics, as identified by the Index Provider(defined below), chosen from the securities included in its respective reference parent index (each, a “Parent Index”).The current ESG Equity Fund Index for each iShares ESG Equity Fund is identified in this prospectus under“Investment Objectives – iShares ESG Equity Funds”.

Grade (RS Rating)

Last Trade

$31.03

Average Daily Volume

4,232

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

ZIU

BMO S&P/Tsx 60 Index ETF

ZIU Description

Grade (RS Rating)

Last Trade

$58.63

Average Daily Volume

673

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	XESG	ZIU
30 Days	3.92%	3.04%
60 Days	8.09%	5.87%
90 Days	11.44%	8.98%
12 Months	29.58%	26.36%

5 Overlapping Holdings

	Symbol	Grade	Weight in XESG	Weight in ZIU	Overlap
	BN	B	3.24%	3.69%	3.24%
	BNS	A	4.87%	3.17%	3.17%
	CNR	F	3.37%	3.1%	3.1%
	ENB	A	4.24%	4.33%	4.24%
	SHOP	B	3.94%	4.62%	3.94%

XESG Overweight 3 Positions Relative to ZIU

	Symbol	Grade	Weight
	NA	A	3.0%
	SLF	A	2.88%
	CM	A	2.59%

XESG Underweight 3 Positions Relative to ZIU

	Symbol	Grade	Weight
	CP	D	-3.73%
	CNQ	C	-3.66%
	BMO	A	-3.25%

XESG: Top Represented Industries & Keywords

Industries: Banks - Global Asset Management Insurance - Diversified Oil & Gas Midstream Railroads Software - Application

Keywords: Financial Services Retail S&P/Tsx 60 Index Bank Banking Financial Integrated Investment Banking Marketing Mobile Commodity Economic History Of Italy ING Group Insurance Investment Solutions Transport Transportation Wealth Management Advisors Advisory Services

ZIU: Top Represented Industries & Keywords

Industries: Banks - Global Railroads Asset Management Oil & Gas E&P Oil & Gas Midstream Software - Application

Keywords: S&P/Tsx 60 Index Marketing Retail Transport Transportation Bank Banking Banking Products Commodity Crude Oil Energy Energy Industry Financial Services ING Group Investment Banking Liquids Mining Minnesota Railroads Mobile Montreal