CETFA Monthly Report ($ millions)

1 CETFA Monthly Report ($ millions) as of June 30, 2016 Top 25 ETFs by Net Creations - Current MonthNet Creations by ETF ProviderManagement CurrentManagement CurrentPrevious% of TotalTickerCodeMonthYTD 2016 CodeMonthMonth20161 BMO Aggregate Bond Index ETFZAGBMO742$ 980$ BMO asset ManagementBMO1,365$ 1,150$ ,532$ BMO Dividend ETFZDYBMO290 444 Vanguard CanadaVNG557 162 ,849 Vanguard Canadian Short-Term Bond Index ETFVSBVNG281 502 BlackRock CanadaBLK372 212 ,617 iShares S&P/TSX 60 Index ETFXIUBLK263 204 Invesco PowerSharesAIM163 128 BMO S&P/TSX Equal W eight Banks Index ETFZEBBMO193 194 Horizons ETFsHRZ125 49 BMO Long Provincial Bond Index ETFZPLBMO181 240 RBC global asset ManagementRBC42 32 BMO Short Federal Bond Index ETFZFSBMO166 212 Purpose InvestmentsPFC22 (4) 75 BMO Low Volatility International Equity Hedged to CAD ETF ZLDBMO149 293 MackenzieMFC8 44 PowerShares Ultra Liquid Long Term Government Bond Index ETFPGLAIM143 (33)

2 Questrade Wealth ManagementQWM2 10 10 BMO Short Corporate Bond Index ETFZCSBMO118 236 Lysander FundsLYS1 3 BMO Mid Provincial Bond Index ETFZMPBMO86 194 TD asset ManagementTDM 32 BMO Short Provincial Bond Index ETFZPSBMO75 105 Auspice CapitalAUS 13 iShares Canadian Corporate Bond Index ETFXCBBLK65 87 Hamilton CapitalHMC 5 14 BMO S&P 500 Index ETFZSPBMO65 161 First AssetFAF 117 BMO Long Federal Bond Index ETFZFLBMO59 195 Sphere InvestmentsSPH(1) 1 16 Horizons BetaPro NYMEX Crude Oil Bull Plus ETFHOUHRZ59 44 First Trust Portfolios CanadaFTP(4) 5 (5) 17 BMO Low Volatility Canadian Equity ETFZLBBMO58 345 Total2,651$ 1,794$ ,707$ 18 BMO Long Corporate Bond Index ETFZLCBMO52 91 *Source.

3 Investor Economics19 BMO Low Volatility International Equity ETFZLIBMO51 248 20 BMO Low Volatility Equity ETFZLUBMO50 281 21 Vanguard S&P 500 Index ETF VFVVNG48 28 22 BMO Mid Corporate Bond Index ETFZCMBMO46 165 23 BMO Mid Federal Bond Index ETFZFMBMO45 89 24 Vanguard Canadian Aggregate Bond Index ETFVABVNG42 300 25 iShares S&P/TSX Capped Energy Index ETFXEGBLK42 (116) Top 253,365$ 5,491$ *Source: Investor EconomicsTop 25 ETFs by Net Redemptions - Current MonthAUM by ETF ProviderManagement CurrentManagement # ofCurrentPreviousTickerCodeMonthYTD 2016 CodeETFsMonthMonth1 BMO S&P 500 Hedged to CAD Index ETFZUEBMO(398)$ (15)$ BlackRock CanadaBLK10750,704$ 50,223$ ,942$ 2 BMO Floating Rate High Yield ETFZFHBMO(223) (248) BMO asset ManagementBMO6630,076 28,873 ,235 3 BMO Mid-Term IG Corporate Bond Index Hedged to CAD ETFZMUBMO(131) 626 Vanguard CanadaVNG278,404 7,895 ,565 4 iShares Core S&P/TSX Capped Composite Index ETFXICBLK(130) 241 Horizons ETFsHRZ735,575 5,419 ,746 5 BMO Short-term US IG Corporate Bond Hedged to CAD Index ETFZSUBMO(124) (202)

4 Invesco PowerSharesAIM232,956 2,757 ,507 6 BMO Mid-Term IG Corporate Bond Index ETFZICBMO(93) (189) First AssetFAF402,007 2,066 ,860 7 BMO MSCI EAFE Hedged to CAD Index ETFZDMBMO(55) (116) RBC global asset ManagementRBC241,857 1,825 ,507 8 iShares Core S&P 500 Index ETF (CAD-Hedged)XSPBLK(54) 293 Purpose InvestmentsPFC16926 904 9 Horizons BetaPro NYMEX Natural Gas Bull Plus ETFHNUHRZ(49) (15) First Trust Portfolios CanadaFTP17293 297 10 PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETFPSBAIM(47) (36) MackenzieMFC645 36 11 BMO Dividend Hedged to CAD ETFZUDBMO(38) 44 Questrade Wealth ManagementQWM838 36 12 BMO High Yield US Corporate Bond Hedged ETFZHYBMO(36) (4) TD asset ManagementTDM632 32 13 BMO Laddered Preferred Share Index ETFZPRBMO(27) 108 Lysander FundsLYS125 24 14 iShares 1-5 Year Laddered Government Bond Index ETFCLFBLK(27) 38 Auspice CapitalAUS117 18 15 Horizons BetaPro S&P 500 Bull Plus ETFHSUHRZ(26) (15) Sphere InvestmentsSPH416 18 16 Horizons BetaPro NYMEX Crude Oil Bear Plus ETFHODHRZ(26)

5 20 Hamilton CapitalHMC15 6 17 iShares Canadian Universe Bond Index ETFXBBBLK(26) 200 Total420102,975$ 100,431$ ,531$ 18 BMO MSCI Europe High Quality Hedged to CAD Index ETFZEQBMO(25) 0 *Source: Investor Economics19 BMO S&P/TSX Equal W eight global Gold Index ETFZGDBMO(22) 2 20 BMO MSCI EAFE Index ETFZEABMO(21) 203 21 iShares Edge MSCI Min Vol global Index ETF XMWBLK(21) (4) 22 iShares Edge MSCI Min Vol USA Index ETF XMUBLK(16) 10 23 iShares MSCI EAFE Index ETF (CAD-Hedged)XINBLK(15) 10 24 iShares MSCI Europe IMI Index ETF (CAD-Hedged)XEHBLK(15) 11 25 Horizons BetaPro S&P/TSX global Gold Bull Plus ETFHGUHRZ(15) (57) Top 25(1,658)$ 904$ *Source.

6 Investor EconomicsTop 25 Largest ETFs by AUMM arket Share by ETF ProviderManagement % ofManagement CurrentPreviousETF NameTickerCodeAUMT otalCodeMonthMonth1 iShares S&P/TSX 60 Index ETFXIUBLK12,061$ iShares Core S&P 500 Index ETF (CAD-Hedged)XSPBLK3,519 asset BMO S&P 500 Index ETFZSPBMO2,601 iShares Core S&P/TSX Capped Composite Index ETFXICBLK2,425 iShares Canadian Short Term Bond Index ETFXSBBLK2,265 iShares Canadian Universe Bond Index ETFXBBBLK2,192 iShares 1-5 Year Laddered Corporate Bond Index ETFCBOBLK2,156 global asset BMO Aggregate Bond Index ETFZAGBMO1,905 iShares Canadian Corporate Bond Index ETFXCBBLK1,632 Trust Portfolios iShares Canadian Select Dividend Index ETFXDVBLK1,390 11 iShares S&P/TSX Capped REIT Index ETFXREBLK1,360 Wealth ManagementQWM 12 BMO S&P/TSX Capped Composite Index ETFZCNBMO1,301 asset ManagementTDM 13 BMO Laddered Preferred Share Index ETFZPRBMO1,226 FundsLYS 14 iShares S&P/TSX Canadian Preferred Share Index ETFCPDBLK1,211 CapitalAUS 15 iShares MSCI EAFE Index ETF (CAD-Hedged)

7 XINBLK1,196 InvestmentsSPH 16 Vanguard Canadian Short-Term Bond Index ETFVSBVNG1,163 CapitalHMC 17 BMO High Yield US Corporate Bond Hedged ETFZHYBMO1,120 *Source: Investor Economics18 BMO Short Corporate Bond Index ETFZCSBMO1,118 BMO Mid-Term IG Corporate Bond Index ETFZICBMO1,117 iShares 1-5 Year Laddered Government Bond Index ETFCLFBLK1,085 BMO Covered Call Canadian Banks ETFZW BBMO1,078 BMO MSCI EAFE Index ETFZEABMO1,066 BMO Low Volatility Canadian Equity ETFZLBBMO1,054 BMO Mid Corporate Bond Index ETFZCMBMO1,030 iShares S&P/TSX Canadian Dividend Aristocrats Index ETFCDZBLK1,005 2549,276$ *Source: Investor EconomicsChangeDec 2015 ETF ProviderChangeDec 2015 YTD 2016 ETF NameETF ProviderETF NameETF ProviderChangeCETFA Monthly Report ($ millions) as of June 30, 2016 New ETFs Launched in 2016 - Top Funds by AUMNew ETFs Launched in 2016 - Top Funds by Current Month Net Creations% ofNet % ofTotalCreationsTotal1 BMO Low Volatility International Equity Hedged to CAD ETF $ BMO Low Volatility International Equity Hedged to CAD ETF $ BMO Low Volatility US Equity Hedged to CAD ETF BMO Low Volatility US Equity Hedged to CAD ETF Horizons Cdn High Dividend Index RBC 1-5 Year Laddered Canadian Bond ETF RBC 1-5 Year Laddered Canadian Bond ETF 4 First asset Long Duration Fixed Income ETF First asset Short Term Government Bond Index Class 5 Vanguard global Value Factor First asset Long Duration Fixed Income ETF 6 Vanguard global Momentum Factor Purpose Premium Yield Fund 7 Vanguard global

8 Liquidity Factor First Trust Short Duration High Yield Bond ETF (CAD-Hedged) 8 Vanguard global Minimum Volatility Mackenzie Core Plus global Fixed Income 9 First asset Preferred Share ETF First asset MSCI Canada Quality Index Class 10 Mackenzie Maximum Diversification US Index Vanguard global Momentum Factor 11 iShares Edge MSCI Min Vol EAFE Index ETF (CAD-Hedged) Vanguard global Minimum Volatility 12 Mackenzie Core Plus global Fixed Income Vanguard global Liquidity Factor 13 Mackenzie Maximum Diversification Canada Index Purpose US Cash 14 PowerShares DWA global Momentum Index Vanguard global Value Factor 15 BMO Low Volatility Emerging Market Equity iShares Edge MSCI Min Vol USA Index ETF (CAD-Hedged) 16 Purpose Premium Yield Fund iShares Edge MSCI Min Vol EAFE Index ETF (CAD-Hedged)

9 17 First asset Short Term Government Bond Index Class ETFFGBFAF 18 First asset global Financial Sector ETF 18 Horizons Cdn High Dividend Index ETFHXHHRZ 19 First asset Preferred Share ETF 19 Horizons NASDAQ 100 Index ETFHXQHRZ 20 PowerShares DWA global Momentum Index 20 TD S&P 500 CAD Hedged Index ETFTHUFAF 21 TD Canadian Aggregate Bond Index 21 RBC Quant Emerging Markets Equity Leaders ETFRXEFAF 22 Mackenzie Floating Rate Income 22 Sphere FTSE Europe Sustainable Yield Index ETFSHETDM 23 Horizons NASDAQ 100 Index 23 Hamilton Capital global Bank ETF HBGRBC 24 Sphere FTSE Canada Sustainable Yield Index 24 TD S&P 500 Index ETFTPUSPH 25 Mackenzie Unconstrained Bond 25 RBC Strategic global Dividend Leaders ETF RLDHMC Top 25 funds996$ 25 funds300$ *Source: Investor Economics*Source: Investor EconomicsNet Creations by asset CategoryMarket Share by asset CategoryCurrentPrevious% of TotalCurrentPreviousMonthMonth2016 MonthMonthTotal2,651$ 1,794$ ,707$ income1,698 821 ,470 grade1,962 872 ,675 258 ,070 238 ,327 ,157 376 ,278 yield(264) (51) (205) (275) (43) (256) markets4 (16)

10 1 Emerging 8 957 ,012 682 ,902 282 ,247 Markets2 30 155 ,255 America25 13 14 (217) 201 (2) (6) (25) staples10 (31) 48 (95) (85) (133) 42 care(2) 6 (15) 4 Utilities & Infrastructure17 50 & 35 (22) (60) 26 (10) 7 estate29 25 (10) (2) (13) (24) 147 (26) 82