Boardwalk is the largest apartment REIT in Alberta and Saskatchewan, with 64% of its assets in Alberta. The Kolias family has run it since its inception 60 years ago and managed it through several boom-and-bust phases. The energy-dependent Prairie economies are affected by the attendant volatility, but Alberta has no rent controls and is the cheapest major market, thus experiencing consistent inward migration from the rest of Canada.

Watts Water is a provider of market-leading brands in water solutions, with annual sales of $1.8 billion in 2021. Its divisions provide the highest level of performance in the safeguarding of water systems, driven by code and certification, address energy efficiency needs by offering the most efficient conversion of energy sources into heat and hot water, and deliver drainage and pre-treatment systems that help with water conservation projects.

CNR operates across Canada and south through Chicago and Memphis to the Gulf of Mexico. Most of its revenue (69%) is from Canada and the rest is from the US. About 35% of its revenues relate to overseas traffic, while 65% represents freight moving within North America.

The Weston family-controlled Choice Properties REIT holds its Loblaw-anchored grocery store assets. On Dec. 31, 2025, Choice owned 699 properties, consisting of 68.5 million sq. ft., with 98.2% occupancy worth $18 billion. Loblaws comprised 59% of the total, leaving 28.3 million sq. ft. for third-party retailers. 83% of the total is necessity-based retailers, including groceries, quick service restaurants, pharmacies, liquor stores, and doctors offices.

This ETF focuses on securities with strong overall financials including above average dividend yields, strong balance sheets, and less volatile earnings.