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First Asset DEX 1-5 Year Laddered Government Strip Bond Index ETF

TORONTO, June 11, 2013 – First Asset is pleased to announce that First Asset DEX 1-5 Year Laddered Government Strip Bond Index ETF has closed its offerings of Common Units and Advisor Units. The fund will commence trading on the Toronto Stock Exchange ("TSX") when the markets open today under the following ticker symbol:


Fund                                     Common Units(i)   Management Fee(i)
----------------------------------------------------------------------------
First Asset DEX 1-5 Year Laddered                    BXF      0.00% prior to
 Government Strip Bond Index ETF                            July 1, 2014 and
                                                            thereafter 0.20%
                                                                            
(i) Also available in Advisor Class under BXF.A. Advisor Class units will   
remain subject to an additional fee of 0.50% in respect of the service fee  
paid to advisors

Barry Gordon, President and CEO of First Asset, remarked that "the First Asset DEX 1-5 Year Laddered Government Strip Bond Index ETF combines the safety and higher yields of Canadian government strip bonds, with the "tried and true" methodology of a bond laddering strategy. With no management fee on the Common Units until July 1, 2014, we believe that this fund represents unbeatable value for a portion of any investor’s fixed income portfolio."

About the DEX 1-5 Year Laddered Government Strip Bond Index ETF

The First Asset DEX 1-5 Year Laddered Government Strip Bond Index ETF has been designed to replicate, to the extent possible, the performance of a Canadian 1-5 year laddered government strip bond index, net of expenses. The current index is the DEX 1-5 Year Laddered Government Strip Bond IndexTM, which measures potential returns of a portfolio of strip bonds, both coupons and residuals, derived from bonds issued by the Government of Canada (including Crown Corporations) and Canadian provincial bonds (including provincially guaranteed debt securities) issued domestically in Canada and denominated in Canadian dollars based upon five distinct annual groupings of maturity. The Index seeks to maintain a continuous maturity laddered portfolio, meaning that securities holdings are scheduled to mature in a proportional, annual sequential pattern. The Index will initially be comprised of approximately 25 securities, five of which will be equally weighted in each of the five maturity groupings. The Index is rebalanced annually in June.

About First Asset

Founded in 1996, First Asset is a Canadian, independent investment management company that manages and administers in excess of $2.6 billion in assets. First Asset offers a diverse range of investment products including ETFs, mutual funds and other exchange listed investment funds, covering a variety of domestic and global mandates.

For further information, please contact Rob MacNiven, Investor Relations, First Asset ETFs at 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 fund is not guaranteed, its value changes frequently and past performance may not be repeated.

"DEX 1-5 Year Laddered Government Strip Bond IndexTM" is a trademark of FTSE TMX Global Debt Capital Markets Inc. and has been sublicensed for use for certain purposes to First Asset. The First Asset ETF is not sponsored, endorsed, sold or promoted by FTSE TMX Global Debt Capital Markets Inc., FTSE International Limited, TMX Group Inc., their affiliates, third party data suppliers or licensors (collectively, the "FTSE TMX Indices Parties"). The FTSE TMX Indices Parties make no representation, condition or warranty, express or implied, to Unitholders of the First Asset ETF or any member of the public regarding the advisability of investing in securities generally or in the First Asset ETF particularly or the ability of the Index to track general bond market performance or any other economic factors.