XST vs. MREL ETF Comparison

Comparison of iShares S&P/TSX Capped Consumer Staples Index ETF (XST) to Middlefield Real Estate Dividend ETF (MREL)

XST

iShares S&P/TSX Capped Consumer Staples Index ETF

XST Description

The investment seeks to replicate, net of expenses, the performance of the S&P/TSX Capped Consumer Staples index. The index is comprised of Canadian consumer staples sector issuers listed on the TSX.

Grade (RS Rating)

Last Trade

$95.74

Average Daily Volume

4,716

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

MREL

Middlefield Real Estate Dividend ETF

MREL Description

Middlefield Real Estate Dividend ETF is an exchange traded fund launched by Middlefield Limited. It is managed by Middlefield Capital Corporation. The fund invests in public equity markets of global region. It invests in stocks of companies operating across mortgage real estate investment trusts (reits), financials, diversified financials, equity real estate investment trusts (reits) sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to benchmark the performance of its portfolio against the S&P/TSX Capped REIT Total Return Index. Middlefield Real Estate Dividend ETF was formed on April 20, 2011 and is domiciled in Canada.

Grade (RS Rating)

Last Trade

$11.66

Average Daily Volume

10,374

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	XST	MREL
30 Days	5.17%	3.28%
60 Days	2.44%	-3.32%
90 Days	2.85%	-4.03%
12 Months	9.87%	-3.24%

0 Overlapping Holdings

	Symbol	Grade	Weight in XST	Weight in MREL	Overlap

XST Overweight 10 Positions Relative to MREL

	Symbol	Grade	Weight
	L	B	23.39%
	ATD	D	23.16%
	MRU	B	16.98%
	WN	A	11.38%
	SAP	B	6.91%
	EMP.A	C	5.03%
	PRMW	B	4.43%
	PBH	D	3.55%
	NWC	D	1.98%
	MFI	D	1.87%

XST Underweight 8 Positions Relative to MREL

	Symbol	Grade	Weight
	REI.UN	F	-6.84%
	CAR.UN	D	-6.43%
	BEI.UN	D	-6.2%
	GRT.UN	F	-5.87%
	DIR.UN	C	-4.24%
	CHP.UN	F	-3.81%
	KMP.UN	D	-3.48%
	FCR.UN	D	-3.23%

XST: Top Represented Industries & Keywords

Industries: Grocery Stores Packaged Foods Beverages—Non-Alcoholic Specialty Retail

Keywords: Food Retailers Foods Retail Retailing Bank Drug Food And Drink Investment Trust Law Pharma Pharmacy Real Estate Real Estate Investment Real Estate Investment Trust S&P/Tsx 60 Index Banking Card Services Convenience Store Credit

MREL: Top Represented Industries & Keywords

Industries: REIT - Retail REIT - Industrial REIT - Residential Rental & Leasing Services

Keywords: Real Estate Real Estate Investment Trust Investment Trust Real Estate Investment Apartment Open Ended Real Estate Investment Trust Residential Industrial Real Estate Renovation Retail Riocan Real Estate Investment Trust Trust Law Acquisitions Atlantic Canada Balance Sheet Ball Boilers Brampton Cash Flow Choice Properties Reit