ZUT vs. FXM ETF Comparison

Comparison of BMO Equal Weight Utilities Index ETF (ZUT) to First Asset Morningstar Canada Value Index ETF (FXM)

ZUT

BMO Equal Weight Utilities Index ETF

ZUT Description

BMO Equal Weight Utilities Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Utilities Index net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index

Grade (RS Rating)

Last Trade

$20.42

Average Daily Volume

82,871

Number of Holdings ^*

9

* 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

$22.60

Average Daily Volume

2,938

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	ZUT	FXM
30 Days	13.13%	6.70%
60 Days	8.07%	6.66%
90 Days	6.89%	10.55%
12 Months	-9.91%	11.22%

1 Overlapping Holdings

	Symbol	Grade	Weight in ZUT	Weight in FXM	Overlap
	AQN	B	7.24%	3.35%	3.35%

ZUT Overweight 8 Positions Relative to FXM

	Symbol	Grade	Weight
	ALA	A	7.54%
	BIP.UN	B	7.53%
	CU	B	7.25%
	FTS	B	7.23%
	CPX	B	7.14%
	EMA	B	7.14%
	BEP.UN	B	7.11%
	H	C	6.97%

ZUT Underweight 8 Positions Relative to FXM

	Symbol	Grade	Weight
	K	A	-3.99%
	FTT	B	-3.96%
	BBD.B	A	-3.92%
	PXT	C	-3.73%
	AC	F	-3.72%
	MEG	D	-3.56%
	DOO	D	-3.52%
	VET	C	-3.43%

ZUT: Top Represented Industries & Keywords

Industries: Utilities - Diversified Utilities - Regulated Electric Utilities - Independent Power Producers Oil & Gas Midstream

Keywords: Energy Natural Gas Utilities Electricity Infrastructure Storage Electric Power Transmission Rook Utilities Segment Algonquin Power & Utilities Brookfield Coal Communications Construction Economy Of North America Electric Power Electricity Transmission Energy Infrastructure Energy Segment Fortis Inc.

FXM: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Airlines Banks - Regional - Latin America Gold Industrial Distribution Recreational Vehicles Utilities - Independent Power Producers

Keywords: Energy Natural Gas Oil Crude Oil Engines Extraction Oil And Gas Pipe Pipeline Regional Jet Transport Water Aeroplan Aerostructure Aftermarket Air Canada Airbus Airline Airliners Airlines