ENCC vs. XRE ETF Comparison

Comparison of Horizons Canadian Oil and Gas Equity Covered Call ETF (ENCC) to iShares S&P/TSX Capped REIT Index ETF (XRE)

ENCC

Horizons Canadian Oil and Gas Equity Covered Call ETF

ENCC Description

Horizons Canadian Oil and Gas Equity Covered Call ETF (ENCC) is a covered call ETF that gives investors exposure to some of the largest and most liquid Canadian oil & gas stocks and it then uses a covered call strategy to help generate additional income on the portfolio.

Grade (RS Rating)

Last Trade

$11.75

Average Daily Volume

140,278

Number of Holdings ^*

9

* 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

$15.80

Average Daily Volume

481,594

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	ENCC	XRE
30 Days	1.49%	-5.78%
60 Days	6.50%	-10.62%
90 Days	2.21%	-1.74%
12 Months	5.85%	12.51%

0 Overlapping Holdings

	Symbol	Grade	Weight in ENCC	Weight in XRE	Overlap

ENCC Overweight 9 Positions Relative to XRE

	Symbol	Grade	Weight
	TOU	A	8.34%
	MEG	D	8.03%
	ARX	A	7.89%
	CVE	D	7.28%
	IMO	A	7.16%
	VET	C	7.04%
	CNQ	D	6.68%
	WCP	C	6.62%
	SU	A	6.59%

ENCC Underweight 8 Positions Relative to XRE

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

ENCC: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Integrated

Keywords: Oil Crude Oil Natural Gas Petroleum Energy Oil Sands Liquids Marketing Petroleum Geology Petroleum Industry Petroleum Industry In Canada Cardium Integrated Offshore Pipe Pipeline S&P/Tsx 60 Index Transport Athabasca Athabasca Oil Sands

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