MREL vs. HGR ETF Comparison

Comparison of Middlefield Real Estate Dividend ETF (MREL) to Global REIT Leaders Income ETF (HGR)

MREL

Middlefield Real Estate Dividend ETF

MREL Description

Middlefield Real Estate Dividend ETF is an exchange traded fund launched by Middlefield Limited. It is managed by Middlefield Capital Corporation. The fund invests in public equity markets of global region. It invests in stocks of companies operating across mortgage real estate investment trusts (reits), financials, diversified financials, equity real estate investment trusts (reits) sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to benchmark the performance of its portfolio against the S&P/TSX Capped REIT Total Return Index. Middlefield Real Estate Dividend ETF was formed on April 20, 2011 and is domiciled in Canada.

Grade (RS Rating)

Last Trade

$11.40

Average Daily Volume

11,085

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

HGR

Global REIT Leaders Income ETF

HGR Description

The Harvest Global REIT Leaders Income ETF’s investment objective is to provide Unitholders with (i) the opportunity for capital appreciation; (ii) monthly cash distributions; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning Equity Securities of the REIT Leaders directly. To achieve lower overall volatility of portfolio returns, the Harvest Global REIT Leaders Income ETF will generally write covered call options on up to 33% of the option eligible portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.

Grade (RS Rating)

Last Trade

$5.96

Average Daily Volume

5,872

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	MREL	HGR
30 Days	0.27%	3.05%
60 Days	-5.43%	-0.23%
90 Days	-5.98%	-1.55%
12 Months	-4.06%	0.17%

1 Overlapping Holdings

	Symbol	Grade	Weight in MREL	Weight in HGR	Overlap
	CHP.UN	D	3.81%	4.01%	3.81%

MREL Overweight 7 Positions Relative to HGR

	Symbol	Grade	Weight
	REI.UN	D	6.84%
	CAR.UN	D	6.43%
	BEI.UN	D	6.2%
	GRT.UN	F	5.87%
	DIR.UN	D	4.24%
	KMP.UN	D	3.48%
	FCR.UN	D	3.23%

MREL Underweight 0 Positions Relative to HGR

	Symbol	Grade	Weight

MREL: Top Represented Industries & Keywords

Industries: REIT - Retail REIT - Industrial REIT - Residential Rental & Leasing Services

Keywords: Real Estate Real Estate Investment Trust Investment Trust Real Estate Investment Apartment Open Ended Real Estate Investment Trust Residential Industrial Real Estate Renovation Retail Riocan Real Estate Investment Trust Trust Law Acquisitions Atlantic Canada Balance Sheet Ball Boilers Brampton Cash Flow Choice Properties Reit

HGR: Top Represented Industries & Keywords

Industries: REIT - Retail

Keywords: Brampton Choice Properties Reit Economy Of Toronto George Weston Limited Investment Trust Law Limited Partnership Loblaw Companies Open Ended Real Estate Investment Trust Partnership Real Estate Real Estate Investment Real Estate Investment Trust Retail Retail Properties Retail Store Riocan Real Estate Investment Trust S&P/Tsx 60 Index