Press Releases

First Asset Exchange Traded Funds Announces Estimated Distributions for 2012 Year-End

TORONTO, December 17, 2012 - First Asset Exchange Traded Funds announces the following estimated distributions for the month and quarter ending December 31, 2012. In all cases, the distribution will be paid on or before January 4, 2013, to unitholders of record on December 28, 2012. The ex-dividend date in each case is December 24, 2012. The final distribution amounts will be announced on or about December 24, 2012.


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                                                      Estimated Distribution
                                        Trading Symbol     Amount (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 Can-60 Covered Call                                             
 ETF                                               LXF               $0.1625
                                --------------------------------------------
                                                 LXF.A               $0.1438
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First Asset Can-Financials                                                  
 Covered Call ETF                                  FXF               $0.1250
                                --------------------------------------------
                                                 FXF.A               $0.1063
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First Asset Can-Energy Covered                                              
 Call ETF                                          OXF               $0.1500
                                --------------------------------------------
                                                 OXF.A               $0.1500
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First Asset Can-Materials                                                   
 Covered Call ETF                                  MXF               $0.2000
                                --------------------------------------------
                                                 MXF.A               $0.2000
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First Asset Tech Giants Covered                                             
 Call ETF                                          TXF               $0.2000
                                --------------------------------------------
                                                 TXF.A               $0.1813
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First Asset Morningstar Canada                                              
 Dividend Target 30 Index ETF                      DXM               $0.0875
                                --------------------------------------------
                                                 DXM.A               $0.0688
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First Asset Morningstar US                                                  
 Dividend Target 50 Index ETF                      UXM               $0.0900
                                --------------------------------------------
                                                 UXM.A               $0.0713
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First Asset Morningstar National                                            
 Bank Quebec Index ETF                             QXM               $0.0500
                                --------------------------------------------
                                                 QXM.A               $0.0313
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First Asset Morningstar Canada                                              
 Value Index ETF                                   FXM               $0.0563
                                --------------------------------------------
                                                 FXM.A               $0.0375
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First Asset Morningstar Canada                                              
 Momentum Index ETF                                WXM               $0.0575
                                --------------------------------------------
                                                 WXM.A               $0.0388
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First Asset DEX All Canada Bond                                             
 Barbell Index ETF                                 AXF               $0.0333
                                --------------------------------------------
                                                 AXF.A               $0.0292
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First Asset DEX Corporate Bond                                              
 Barbell Index ETF                                 KXF               $0.0354
                                --------------------------------------------
                                                 KXF.A               $0.0313
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First Asset DEX Government Bond                                             
 Barbell Index ETF                                 GXF               $0.0292
                                --------------------------------------------
                                                 GXF.A               $0.0250
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First Asset Morningstar Emerging                                            
 Markets Composite Bond Index                                               
 ETF                                               EXM               $0.0396
                                --------------------------------------------
                                                 EXM.A               $0.0354
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For further information, please contact Rob MacNiven, Investor Relations, First Asset 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 funds are not guaranteed, their values change frequently and past performance may not be repeated.