CEW vs. XRE ETF Comparison

Comparison of iShares Equal Weight Banc & Lifeco ETF (CEW) to iShares S&P/TSX Capped REIT Index ETF (XRE)

CEW

iShares Equal Weight Banc & Lifeco ETF

CEW Description

The investment seeks to provide investors with a diversified equal weighted investment in a portfolio consisting of common shares of the largest Canadian banks and life insurance companies.

Grade (RS Rating)

Last Trade

$20.78

Average Daily Volume

9,017

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

XRE

iShares S&P/TSX Capped REIT Index ETF

XRE Description

iShares S&P/TSX Capped REIT Index Fund, formerly iShares CDN S&P/TSX Capped REIT Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped REIT Index (the Index) through investments in the constituent issuers of such Index. The Index consists of securities of Canadian real estate investment trusts (REITs) listed on the Toronto Stock Exchange (TSX), selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. The Fund is managed by BlackRock Asset Management Canada Limited.

Grade (RS Rating)

Last Trade

$15.83

Average Daily Volume

482,405

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	CEW	XRE
30 Days	4.42%	-7.37%
60 Days	8.55%	-10.65%
90 Days	17.09%	0.68%
12 Months	35.91%	11.82%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEW	Weight in XRE	Overlap

CEW Overweight 8 Positions Relative to XRE

	Symbol	Grade	Weight
	MFC	A	10.2%
	BMO	A	10.13%
	IAG	A	10.08%
	NA	A	10.02%
	SLF	A	10.01%
	BNS	A	9.97%
	GWO	A	9.92%
	CM	A	9.74%

CEW Underweight 8 Positions Relative to XRE

	Symbol	Grade	Weight
	CAR.UN	D	-16.65%
	REI.UN	D	-11.07%
	CHP.UN	D	-7.46%
	DIR.UN	D	-7.21%
	FCR.UN	C	-7.21%
	BEI.UN	D	-6.28%
	HR.UN	D	-5.43%
	AP.UN	D	-4.69%

CEW: Top Represented Industries & Keywords

Industries: Banks - Global Insurance - Diversified Insurance - Life

Keywords: Financial Services Financial Insurance Asset Management Bank Banking Investment Banking S&P/Tsx 60 Index Wealth Management Health ING Group Reinsurance Retail Banking Products Capital Market Capital Markets Credit Economic History Of Italy Financial Products Government

XRE: Top Represented Industries & Keywords

Industries: REIT - Retail Diversified Industrials REIT - Healthcare Facilities REIT - Industrial REIT - Residential Rental & Leasing Services

Keywords: Investment Trust Real Estate Real Estate Investment Real Estate Investment Trust Open Ended Real Estate Investment Trust Residential Retail Riocan Real Estate Investment Trust Trust Law Apartment Dream Office Real Estate Investment Trust Kitchen Light Limited Partnership Montreal Partnership Acquisitions Active Management Allied Bathurst