TMXgroup

February 2, 2012

XTF Morningstar US Dividend Target 50 Index ETF (the "ETF") – An application has been granted for the original listing in the Industrial category of 400,000 common units (the "Common Units") and 100,000 advisor class units (the "Advisor Class Units") of the ETF (collectively, the "Units"), all of which will be issued and outstanding, upon the completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Friday, February 3, 2012 in anticipation of the offering closing prior to the opening of trading on Monday, February 6, 2012. The Units will be posted for trading at the opening on February 6, 2012.

The ETF is authorized to issue an unlimited number of redeemable, transferable Units, each of which represents an undivided interest in the net assets of the ETF. Units of the ETF are being offered or will be offered for sale on a continuous basis and there is no maximum number of Units of the ETF that may be issued.

Registration of interests in, and transfers of, Units of the ETF will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. ("CDS"). Units of the ETF must be purchased, transferred and surrendered for redemption only through a CDS Participant. Upon purchase of any Units, the owner will receive only the customary confirmation.

Additional information on the Units may be found in the final prospectus of the ETF dated January 19, 2012 (the "Prospectus") which is available at www.SEDAR.com. Capitalized terms not otherwise defined below are as defined in the Prospectus.

Common Units

Stock Symbol: UXM   CUSIP:   98387V 10 8   Currency: CDN$

Advisor Class Units

Stock Symbol: UXM.A   CUSIP:   98387V 11 6   Currency: CDN$

Designated
Market Maker: National Bank Financial Inc.

Other Markets: None

Head Office: 95 Wellington Street West
Suite 1400
Toronto, Ontario M5J 2N7

Email Address: info@xtf.ca

Website Address: www.xtf.ca

Head Office
Telephone Number: (416) 642-1289

Fax Number: (416) 362-2199

Investor Relations: Rob MacNiven
(416) 642-1289

Manager: First Asset Investment Management Inc.

Transfer Agent
& Registrar: Computershare Trust Company of Canada at its principal office in Toronto.

Chief Financial Officer: Karen Wagman

Corporate Secretary: Z. Edward Akkawi

Fiscal Year End: December 31

Incorporation: The ETF is an unincorporated open-ended mutual fund trust established on January 13, 2012 under the laws of the Province of Ontario by an amended and restated Declaration of Trust.

Nature of Business: The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar U.S Dividend Target 50 Index, net of expenses. The investment strategy of the ETF is to invest in and hold the securities included in the Morningstar U.S Dividend Target 50 Index. It is intended that at all times at least 90% of the foreign currency denominated assets held by the ETF will be hedged back to the Canadian dollar.

Common and
Advisor Class: The only difference between Common Units and Advisor Class Units is the Management Fee payable by the ETF due to the service fee payable by the Manager in respect of the Advisor Units. Each Class of the ETF will pay annual management fees to the Manager equal to an annual percentage of the net asset value ("NAV") of that class, calculated daily and payable monthly in arrears, plus, in respect of the Advisor Class Units, an additional amount calculated daily and paid as soon as practicable after the end of each calendar quarter, based on the NAV per Advisor Class Unit of the ETF, in each case, plus applicable taxes. The Management Fees of the ETF are 0.60% of the ETF plus an additional amount in respect of the Advisor Class Units of 0.75% of NAV per Advisor Class Unit for a total of 1.35%.

Conversion of Units: Unitholders of the ETF may convert Advisor Class Units into Common Units or Common Units into Advisor Class Units by delivering a notice and surrendering such Units by 5:00 p.m. (Toronto time) on any Trading Day and any such Units so surrendered shall be converted on such Trading Day. For each Advisor Class Unit so converted, a holder will receive a number of Common Units equal to the NAV per Unit of an Advisor Class Unit as of the Trading Day divided by the NAV per Unit of a Common Unit as of the Trading Day. For each Common Unit so converted, a holder will receive a number of Advisor Class Units equal to the NAV per Unit of a Common Unit as of the Trading Day divided by the NAV per Unit of an Advisor Class Unit as of the Trading Day.

Distributions: Cash distributions on Units of the ETF are expected to be made at least quarterly. As a result of the higher management fees on the Advisor Class Units, any such cash distributions on the Advisor Class Units are expected to be less than the distributions payable on the Common Units.

Initial Issuance of Units: Pursuant to the Prospectus, 400,000 Common Units and 100,000 Advisor Class Units of the ETF will be initially issued at a subscription price of $10.00 per Unit. Units of the ETF are being issued and sold on a continuous distribution basis.