XRE vs. ZFN ETF Comparison

Comparison of iShares S&P/TSX Capped REIT Index ETF (XRE) to BMO SIA Focused North American Eq ETF (ZFN)

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

ZFN

BMO SIA Focused North American Eq ETF

ZFN Description

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

Grade (RS Rating)

Last Trade

$54.94

Average Daily Volume

6,864

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	XRE	ZFN
30 Days	-7.37%	3.60%
60 Days	-10.65%	7.12%
90 Days	0.68%	8.99%
12 Months	11.82%	34.49%

0 Overlapping Holdings

	Symbol	Grade	Weight in XRE	Weight in ZFN	Overlap

XRE Overweight 8 Positions Relative to ZFN

	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 5 Positions Relative to ZFN

	Symbol	Grade	Weight
	L	B	-6.76%
	GIL	B	-6.74%
	TRI	C	-6.63%
	DOL	B	-6.6%
	CSU	B	-6.59%

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

ZFN: Top Represented Industries & Keywords

Industries: Apparel Manufacturing Capital Markets Discount Stores Grocery Stores Software - Application

Keywords: S&P/Tsx 60 Index Retailers Credit Drink Financial Government Health Label Law Retail Retailing Software Accounting Analytics Bank Banking Card Services Cleaning Clothing Communications