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

$22.24

Average Daily Volume

47,389

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

$25.62

Average Daily Volume

2,138

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	ZUT	FXM
30 Days	-4.38%	1.19%
60 Days	-0.79%	6.58%
90 Days	5.72%	10.39%
12 Months	15.17%	25.52%

2 Overlapping Holdings

	Symbol	Grade	Weight in ZUT	Weight in FXM	Overlap
	NPI	F	7.23%	3.4%	3.4%
	TA	B	7.83%	3.59%	3.59%

ZUT Overweight 7 Positions Relative to FXM

	Symbol	Grade	Weight
	BEP.UN	D	7.43%
	INE	D	7.41%
	BLX	D	7.31%
	BIP.UN	B	7.28%
	CPX	A	7.02%
	CU	C	6.96%
	EMA	C	6.92%

ZUT Underweight 8 Positions Relative to FXM

	Symbol	Grade	Weight
	HBM	B	-4.13%
	GLXY	B	-3.82%
	FTT	D	-3.69%
	CLS	A	-3.52%
	MEG	D	-3.39%
	CG	D	-3.38%
	EMP.A	B	-3.36%
	MFC	B	-3.34%

ZUT: Top Represented Industries & Keywords

Industries: Utilities - Independent Power Producers Utilities - Diversified Utilities - Regulated Electric

Keywords: Energy Electricity Natural Gas Solar Renewable Energy Utilities Power Producer Rook Universe Wind Power Alberta Electricity Policy Biomass Brookfield Coal Construction Electricity Generation Energy Segment Farm Gas Transmission Infrastructure

FXM: Top Represented Industries & Keywords

Industries: Utilities - Independent Power Producers Capital Markets Contract Manufacturers Copper Gold Grocery Stores Industrial Distribution Insurance - Life Oil & Gas E&P

Keywords: Energy Mining Solar Asset Management Gold Health Marketing Mines Private Equity Acquisitions Aerospace Alberta Electricity Policy Alternative Currencies Alternative Energy Arbitrage Athabasca Athabasca Oil Sands Bank Biomass Blockchain