ZLB vs. MREL ETF Comparison

Comparison of BMO Low Volatility Canadian Equity ETF (ZLB) to Middlefield Real Estate Dividend ETF (MREL)

ZLB

BMO Low Volatility Canadian Equity ETF

ZLB Description

BMO Low Volatility Canadian Equity ETF seeks to provide exposure to the performance of a portfolio of Canadian equities that have lower sensitivity to market movements with the potential for long-term capital appreciation.

Grade (RS Rating)

Last Trade

$48.09

Average Daily Volume

36,611

Number of Holdings ^*

9

* 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

$13.41

Average Daily Volume

7,066

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	ZLB	MREL
30 Days	3.20%	8.41%
60 Days	6.04%	11.56%
90 Days	12.48%	21.29%
12 Months	18.37%	13.16%

0 Overlapping Holdings

	Symbol	Grade	Weight in ZLB	Weight in MREL	Overlap

ZLB Overweight 9 Positions Relative to MREL

	Symbol	Grade	Weight
	MRU	C	4.29%
	L	C	4.19%
	EMP.A	C	3.47%
	H	C	3.42%
	X	C	3.22%
	FTS	C	2.98%
	WN	C	2.87%
	TRI	C	2.83%
	IFC	C	2.75%

ZLB Underweight 8 Positions Relative to MREL

	Symbol	Grade	Weight
	REI.UN	B	-6.6%
	CAR.UN	B	-6.34%
	BEI.UN	C	-6.12%
	IIP.UN	B	-4.36%
	CSH.UN	B	-4.26%
	GRT.UN	B	-4.04%
	KMP.UN	B	-3.67%
	CHP.UN	B	-3.66%

ZLB: Top Represented Industries & Keywords

Industries: Grocery Stores Utilities - Regulated Electric Capital Markets Financial Exchanges Insurance - Property & Casualty

Keywords: Law Drug Financial Food Insurance Investment Trust Pharma Pharmacy Real Estate Real Estate Investment Real Estate Investment Trust Retail Retailers Retailing S&P/Tsx 60 Index Analytics Bank Banking Card Services Credit

MREL: Top Represented Industries & Keywords

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

Keywords: Real Estate Real Estate Investment Trust Investment Trust Real Estate Investment Residential Apartment Open Ended Real Estate Investment Trust Montreal Renovation Retail Riocan Real Estate Investment Trust Acquisitions Assisted Living Atlantic Canada Balance Sheet Ball Boilers Brampton Care Services Caregiving