XRE vs. ZFC ETF Comparison

Comparison of iShares S&P/TSX Capped REIT Index ETF (XRE) to BMO SIA Focused Canadian Equity Fund (ZFC)

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

$15.83

Average Daily Volume

482,405

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

ZFC

BMO SIA Focused Canadian Equity Fund

ZFC Description

This fund’s objective is to provide long-term capital growth by investing primarily in a portfolio of Canadian equities.

Grade (RS Rating)

Last Trade

$45.45

Average Daily Volume

932

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	XRE	ZFC
30 Days	-7.37%	2.48%
60 Days	-10.65%	8.45%
90 Days	0.68%	8.16%
12 Months	11.82%	14.45%

0 Overlapping Holdings

	Symbol	Grade	Weight in XRE	Weight in ZFC	Overlap

XRE Overweight 8 Positions Relative to ZFC

	Symbol	Grade	Weight
	CAR.UN	D	16.65%
	REI.UN	D	11.07%
	CHP.UN	D	7.46%
	DIR.UN	D	7.21%
	FCR.UN	C	7.21%
	BEI.UN	D	6.28%
	HR.UN	D	5.43%
	AP.UN	D	4.69%

XRE Underweight 10 Positions Relative to ZFC

	Symbol	Grade	Weight
	ATZ	D	-7.03%
	FFH	A	-6.84%
	CIGI	C	-6.77%
	GIL	B	-6.71%
	K	C	-6.62%
	WPM	C	-6.61%
	CSU	B	-6.6%
	DOL	B	-6.59%
	MFC	A	-6.56%
	CM	A	-6.53%

XRE: Top Represented Industries & Keywords

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

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

ZFC: Top Represented Industries & Keywords

Industries: Apparel Manufacturing Apparel Stores Banks - Global Discount Stores Gold Insurance - Life Insurance - Property & Casualty Real Estate Services Silver Software - Application

Keywords: S&P/Tsx 60 Index Financial Gold Government Health Retail Advisory Services Asset Management Bank Capital Market Capital Markets Clothing Credit Drink Financial Services Glass Insurance Insurance Operations Lifestyle Mines