QXM vs. XRE ETF Comparison

Comparison of First Asset Morningstar National Bank Quebec Index ETF (QXM) to iShares S&P/TSX Capped REIT Index ETF (XRE)

QXM

First Asset Morningstar National Bank Quebec Index ETF

QXM Description

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® National Bank Québec Index™, net of expenses. The ETF invests in equity securities of issuers with a minimum float capitalization of $150 million and which are headquartered in the Province of Québec.

Grade (RS Rating)

Last Trade

$27.99

Average Daily Volume

1,919

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

$14.54

Average Daily Volume

301,775

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	QXM	XRE
30 Days	-0.96%	-4.08%
60 Days	2.04%	-1.48%
90 Days	1.39%	-5.32%
12 Months	7.99%	-7.63%

0 Overlapping Holdings

	Symbol	Grade	Weight in QXM	Weight in XRE	Overlap

QXM Overweight 9 Positions Relative to XRE

	Symbol	Grade	Weight
	DOL	B	5.81%
	ATD	D	5.2%
	BCE	C	5.14%
	WSP	C	5.09%
	MRU	B	5.03%
	NA	C	4.97%
	POW	B	4.96%
	GIB.A	D	4.84%
	CNR	C	4.8%

QXM Underweight 9 Positions Relative to XRE

	Symbol	Grade	Weight
	CAR.UN	D	-16.33%
	REI.UN	F	-11.33%
	GRT.UN	D	-9.32%
	CHP.UN	D	-7.55%
	DIR.UN	D	-7.32%
	FCR.UN	D	-6.66%
	BEI.UN	D	-6.23%
	HR.UN	D	-5.26%
	AP.UN	F	-4.72%

QXM: Top Represented Industries & Keywords

Industries: Banks - Global Discount Stores Engineering & Construction Grocery Stores Information Technology Services Insurance - Life Railroads Specialty Retail Telecom Services

Keywords: Retailers Energy Health Retailing S&P/Tsx 60 Index Service Companies Communications Consulting Environmental Financial Financial Services Food Infrastructure Insurance Internet Protocol Oil Transport Transportation Alabama Asset And Liability Management

XRE: Top Represented Industries & Keywords

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

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