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First Asset Exchange Traded Funds Announces Distributions

TORONTO, August 21, 2012 - First Asset Exchange Traded Funds announces the following distributions for the month ending August 31, 2012. In all cases, the distribution will be paid on or before September 6, 2012, to unitholders of record on August 30, 2012. The ex-dividend date in each case is August 28, 2012.

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                                                               Distribution 
                                                               Amount       
                                              Trading Symbol   (per unit)   
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First Asset Canadian Convertible Bond ETF     CXF              $ 0.0417     
                                            --------------------------------
                                              CXF.A            $ 0.0354     
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First Asset DEX All Canada Bond Barbell                                     
 Index ETF                                    AXF              $ 0.0523(i)  
                                            --------------------------------
                                              AXF.A            $ 0.0450(i)  
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First Asset DEX Corporate Bond Barbell Index                                
 ETF                                          KXF              $ 0.0595(i)  
                                            --------------------------------
                                              KXF.A            $ 0.0523(i)  
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First Asset DEX Government Bond Index ETF     GXF              $ 0.0494(i)  
                                            --------------------------------
                                              GXF.A            $ 0.0421(i)  
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(i) pro-rated amount for the period from ETF's first day of trading (July 10, 2012) to August 31, 2012. 

For further information, please call Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.

This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated.