Press Releases

First Asset ETF Funds August Distributions

TORONTO, August 19, 2014 First Asset Exchange Traded Funds announces the following distributions for the month ending August 31, 2014. In all cases, the distribution will be paid on or before September 4, 2014, to unitholders of record on August 28, 2014. The ex-dividend date in each case is August 26, 2014.

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                                                                Distribution
                                                    Trading           Amount
                                                      Symbol      (per unit)
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First Asset Canadian Convertible Bond ETF                CXF         $0.0400
                                            --------------------------------
                                                       CXF.A         $0.0330
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First Asset All Canada Bond Barbell Index                AXF         $0.0254
 ETF                                                                        
                                            --------------------------------
                                                       AXF.A         $0.0207
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First Asset Corporate Bond Barbell Index ETF             KXF         $0.0316
                                            --------------------------------
                                                       KXF.A         $0.0269
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First Asset Government Bond Barbell Index                GXF         $0.0236
 ETF                                                                        
                                            --------------------------------
                                                       GXF.A         $0.0193
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First Asset Provincial Bond Index ETF                    PXF         $0.0320
                                            --------------------------------
                                                       PXF.A         $0.0273
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First Asset Morningstar Emerging Markets                 EXM         $0.0400
 Composite Bond Index ETF                                                   
                                            --------------------------------
                                                       EXM.A         $0.0357
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All of the distributions indicated in the table above will be paid in cash unless the Unitholder has enrolled in the applicable DRIP of the respective ETF. Under the DRIP, any distributions made by an ETF are automatically used to purchase additional units of the ETF making the distribution. Eligible unitholders are encouraged to contact the institution through which they hold their units to confirm enrolment procedures and timelines. A copy of the Distribution Reinvestment Plan is available at www.firstasset.com.

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