XMA vs. FXM ETF Comparison

Comparison of iShares S&P/TSX Capped Materials Index ETF (XMA) to First Asset Morningstar Canada Value Index ETF (FXM)

XMA

iShares S&P/TSX Capped Materials Index ETF

XMA Description

iShares S&P/TSX Capped Materials Index Fund, formerly iShares CDN S&P/TSX Capped Materials Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Materials Index (the Index) through investments in the constituent issuers of such Index. The Index is a constrained market capitalization-weighted index that consists of the securities of Canadian materials sector issuers listed on the Toronto Stock Exchange (TSX), selected by S&P using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. In the Index, the weight of any one company, in terms of market capitalization, is limited to 25%. The Fund is managed by BlackRock Asset Management Canada Limited.

Grade (RS Rating)

Last Trade

$22.49

Average Daily Volume

47,244

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

FXM

First Asset Morningstar Canada Value Index ETF

FXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value Index™ , net of expenses. The ETF invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be “good value” based on characteristics like low price to earnings and low price to cash flow ratios.

Grade (RS Rating)

Last Trade

$25.52

Average Daily Volume

2,138

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	XMA	FXM
30 Days	-6.43%	1.19%
60 Days	0.72%	6.58%
90 Days	2.52%	10.39%
12 Months	32.29%	25.52%

1 Overlapping Holdings

	Symbol	Grade	Weight in XMA	Weight in FXM	Overlap
	K	C	3.63%	3.54%	3.54%

XMA Overweight 7 Positions Relative to FXM

	Symbol	Grade	Weight
	AEM	C	12.72%
	ABX	C	10.99%
	WPM	C	8.73%
	FNV	C	7.53%
	NTR	D	7.49%
	IVN	C	3.35%
	FM	B	2.9%

XMA Underweight 9 Positions Relative to FXM

	Symbol	Grade	Weight
	CLS	A	-4.84%
	HBM	B	-4.14%
	GLXY	B	-3.97%
	CPX	A	-3.75%
	TA	A	-3.71%
	IMG	B	-3.6%
	CG	D	-3.41%
	MFC	A	-3.39%
	MEG	C	-3.39%

XMA: Top Represented Industries & Keywords

Industries: Gold Agricultural Inputs Copper Industrial Metals & Minerals Silver

Keywords: Gold Mines Mining Metal Mineral S&P/Tsx 60 Index Copper Metals Bank Chemistry Cobalt Copper Mining In The Democratic Republic Of The Congo Gold Mining Mauritania Mineral Properties Minerals Nickel Physical Sciences Wheaton Precious Metals Corporation Acquisitions

FXM: Top Represented Industries & Keywords

Industries: Gold Capital Markets Contract Manufacturers Copper Insurance - Life Oil & Gas E&P Utilities - Independent Power Producers Utilities - Regulated Electric

Keywords: Mining Energy Gold Mines Solar Asset Management Bank Extraction Gold Mines Gold Mining Health Marketing Mineral Acquisitions Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage Athabasca