MREL vs. VRE ETF Comparison

Comparison of Middlefield Real Estate Dividend ETF (MREL) to Vanguard FTSE Canadian Capped REIT Index ETF (VRE)

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

$12.59

Average Daily Volume

8,082

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VRE

Vanguard FTSE Canadian Capped REIT Index ETF

VRE Description

The ETF seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian real estate equity index that measures the investment return of publicly traded securities in the Canadian real estate sector. Currently, this Vanguard ETF seeks to track the FTSE Canada All Cap Real Estate Capped 25% Index (or any successor thereto). It invests primarily in stocks of companies in the Canadian real estate sector.

Grade (RS Rating)

Last Trade

$33.12

Average Daily Volume

8,424

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MREL	VRE
30 Days	-4.55%	-4.55%
60 Days	-6.95%	-5.91%
90 Days	2.61%	4.18%
12 Months	11.66%	19.72%

6 Overlapping Holdings

Symbol	Grade	Weight in MREL	Weight in VRE	Overlap
BEI.UN	D	5.85%	5.01%	5.01%
CAR.UN	D	7.25%	13.2%	7.25%
CHP.UN	D	3.68%	6.01%	3.68%
CSH.UN	A	5.05%	6.01%	5.05%
FCR.UN	C	3.42%	5.71%	3.42%
REI.UN	D	6.89%	8.76%	6.89%

MREL Overweight 1 Positions Relative to VRE

	Symbol	Grade	Weight
	KMP.UN	D	3.62%

MREL Underweight 4 Positions Relative to VRE

Symbol	Grade	Weight
FSV	A	-14.22%
CIGI	C	-12.77%
GRT.UN	D	-7.41%
DIR.UN	D	-5.68%

MREL: Top Represented Industries & Keywords

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