XRE vs. NDIV ETF Comparison

Comparison of iShares S&P/TSX Capped REIT Index ETF (XRE) to Nbi Canadian Dividend Income ETF (NDIV)

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

$15.03

Average Daily Volume

345,060

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

NDIV

Nbi Canadian Dividend Income ETF

NDIV Description

The NBI Canadian Dividend Income ETF’s investment objective is to maximize the potential for long-term capital growth and to generate sustained dividend income. It invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of equity securities of Canadian companies that pay dividends.

Grade (RS Rating)

Last Trade

$30.93

Average Daily Volume

2,122

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	XRE	NDIV
30 Days	1.03%	1.58%
60 Days	-2.98%	2.42%
90 Days	-4.77%	4.85%
12 Months	-5.28%	5.92%

0 Overlapping Holdings

	Symbol	Grade	Weight in XRE	Weight in NDIV	Overlap

XRE Overweight 9 Positions Relative to NDIV

	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	C	6.86%
	BEI.UN	D	6.27%
	HR.UN	B	5.15%
	AP.UN	F	4.74%

XRE Underweight 7 Positions Relative to NDIV

	Symbol	Grade	Weight
	ENB	C	-6.83%
	CNQ	D	-6.56%
	CNR	C	-5.09%
	BAM	D	-4.59%
	WSP	D	-4.0%
	QBR.B	D	-4.0%
	NA	C	-3.99%

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

NDIV: Top Represented Industries & Keywords

Industries: Asset Management Banks - Global Engineering & Construction Oil & Gas E&P Oil & Gas Midstream Railroads Telecom Services

Keywords: Energy Oil S&P/Tsx 60 Index Transport Transportation Commodity Crude Oil Energy Industry Liquids Marketing Mining Mobile Natural Gas Natural Gas Liquids Oil Sands Pipe Pipeline Water Alabama Asset And Liability Management