XFN vs. XESG ETF Comparison

Comparison of iShares S&P/TSX Capped Financials Index ETF (XFN) to Ishares ESG MSCI Cda Index ETF (XESG)

XFN

iShares S&P/TSX Capped Financials Index ETF

XFN Description

iShares S&P/TSX Capped Financials Index Fund, formerly iShares CDN S&P/TSX Capped Financials Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Financials Index (the Index) through investments in the constituent issuers of such Index. The Index consists of securities of Canadian financial sector issuers listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. The Index includes stocks belonging to the S&P/TSX Financial industry sector classification, with the weight of any one company capped at 25% of the market capitalization of the Index. The Index is provided by S&P. The Fund is managed by BlackRock Asset Management Canada Limited.

Grade (RS Rating)

Last Trade

$60.29

Average Daily Volume

204,338

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

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

$31.07

Average Daily Volume

4,275

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	XFN	XESG
30 Days	4.91%	4.93%
60 Days	7.73%	8.08%
90 Days	15.14%	11.58%
12 Months	39.70%	29.69%

5 Overlapping Holdings

	Symbol	Grade	Weight in XFN	Weight in XESG	Overlap
	BN	B	9.54%	3.31%	3.31%
	BNS	A	7.91%	4.71%	4.71%
	CM	A	7.37%	2.7%	2.7%
	NA	A	4.06%	3.1%	3.1%
	SLF	A	4.0%	2.82%	2.82%

XFN Overweight 3 Positions Relative to XESG

	Symbol	Grade	Weight
	BMO	A	8.31%
	MFC	A	6.49%
	IFC	A	4.26%

XFN Underweight 3 Positions Relative to XESG

	Symbol	Grade	Weight
	ENB	A	-4.31%
	SHOP	B	-3.94%
	CNR	D	-3.18%

XFN: Top Represented Industries & Keywords

Industries: Banks - Global Asset Management Insurance - Diversified Insurance - Life Insurance - Property & Casualty

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

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