XRE vs. ESGA ETF Comparison

Comparison of iShares S&P/TSX Capped REIT Index ETF (XRE) to BMO MSCI Canada ESG Leaders Index ETF (ESGA)

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

$15.21

Average Daily Volume

348,864

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

ESGA

BMO MSCI Canada ESG Leaders Index ETF

ESGA Description

BMO MSCI Canada ESG Leaders Index ETF seeks to replicate, to the extent possible, the performance ofan ESG-focused Canadian equity index, net of expenses. Currently, BMO MSCI Canada ESG Leaders Index ETFseeks to replicate the performance of the MSCI Canada ESG Leaders Index.

Grade (RS Rating)

Last Trade

$35.12

Average Daily Volume

1,718

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	XRE	ESGA
30 Days	4.40%	2.99%
60 Days	-2.43%	1.01%
90 Days	-4.03%	2.42%
12 Months	-4.60%	9.20%

0 Overlapping Holdings

	Symbol	Grade	Weight in XRE	Weight in ESGA	Overlap

XRE Overweight 9 Positions Relative to ESGA

	Symbol	Grade	Weight
	CAR.UN	D	15.7%
	REI.UN	F	11.44%
	GRT.UN	F	9.41%
	CHP.UN	D	7.74%
	DIR.UN	C	7.41%
	FCR.UN	D	6.86%
	BEI.UN	D	6.27%
	HR.UN	B	5.15%
	AP.UN	D	4.74%

XRE Underweight 8 Positions Relative to ESGA

	Symbol	Grade	Weight
	ENB	C	-7.56%
	CNR	D	-7.08%
	BMO	B	-6.93%
	BNS	D	-6.19%
	BN	B	-5.72%
	ATD	F	-4.32%
	SLF	D	-3.14%
	AEM	A	-2.91%

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

ESGA: Top Represented Industries & Keywords

Industries: Banks - Global Asset Management Gold Insurance - Diversified Oil & Gas Midstream Railroads Specialty Retail

Keywords: S&P/Tsx 60 Index Bank Financial Services Retail Banking Banking Products Commodity Energy Financial ING Group Insurance Investment Banking Marketing Mining Montreal Retailers Transport Transportation Agnico Eagle Mines Limited Alabama