Real Estate Dividend ETF | Middlefield Group

Fund Description

Middlefield Real Estate Dividend ETF is an actively managed, diversified fund designed to provide investors with low-cost exposure to the global real estate sector.

Key Reasons to Invest:

an award-winning fund with leading long-term performance and tax-efficient monthly distributions
a high conviction, diversified portfolio of commercial real estate companies operating in the industrial, data centre, retail, healthcare, cell tower, office and residential sectors
real estate performs well in both low and rising interest rate cycles and is also a proven hedge against inflation

MREL

Closing price Ways To Invest Fact Sheet Prospectus (English) Prospectus (French) All Fund Documents

Featured Insights

ETF Overview

Ticker/CUSIP:
MREL/59635B104
Inception Date:
April 20, 2011
Monthly Distribution:
$0.075
Advisor:
Middlefield Capital Corporation
Eligibility:
All Registered and Non-Registered Accounts
Management Fee:
0.75%
Risk Rating:
Medium
Exchange:
Toronto Stock Exchange

Fund Managers

Dean Orrico

President and Chief Executive Officer

Robert Moffat

Portfolio Manager

Performance

AS OF	1 MONTH	3 MONTHS	6 MONTHS	YEAR-TO-DATE	1 YEAR	3 YEARS	5 YEARS	10 YEARS	SINCE INCEPTION	2021	2020	2019	2018
December 31, 2022	-3.44%	6.40%	-0.57%	-21.85%	-21.85%	0.76%	4.81%	6.52%	7.13%	35.43%	-3.35%	20.36%	2.77%

Distributions

Total NAV & Distributions (since inception)

RECORD DATE	PAYMENT DATE	PAYMENT AMOUNT
March 31, 2023	April 14, 2023	0.075
February 28, 2023	March 15, 2023	0.075
January 31, 2023	February 15, 2023	0.075
December 31, 2022	January 13, 2023	0.075
November 30, 2022	December 15, 2022	0.075
October 31, 2022	November 15, 2022	0.075
September 30, 2022	October 14, 2022	0.075
August 31, 2022	September 15, 2022	0.075
July 31, 2022	August 15, 2022	0.075
June 30, 2022	July 15, 2022	0.075
May 31, 2022	June 15, 2022	0.075
April 30, 2022	May 13, 2022	0.075
March 31, 2022	April 14, 2022	0.075
February 28, 2022	March 15, 2022	0.075
February 11, 2022	February 11, 2022	0.15
January 31, 2022	February 15, 2022	0.075
December 31, 2021	January 14, 2022	0.075
November 30, 2021	December 15, 2021	0.075
October 31, 2021	November 15, 2021	0.075
September 30, 2021	October 15, 2021	0.075
August 31, 2021	September 15, 2021	0.075
July 31, 2021	August 13, 2021	0.075
June 30, 2021	July 15, 2021	0.075
May 31, 2021	June 15, 2021	0.075
April 30, 2021	May 14, 2021	0.075
March 31, 2021	April 15, 2021	0.075
February 28, 2021	March 15, 2021	0.075
January 31, 2021	February 12, 2021	0.075
December 31, 2020	January 15, 2021	0.075
November 30, 2020	December 15, 2020	0.075
October 31, 2020	November 13, 2020	0.075
September 30, 2020	October 15, 2020	0.075
August 31, 2020	September 15, 2020	0.075
July 31, 2020	August 14, 2020	0.075
June 30, 2020	July 15, 2020	0.075
May 31, 2020	June 15, 2020	0.075
April 30, 2020	May 15, 2020	0.075
March 31, 2020	April 15, 2020	0.075
February 29, 2020	March 13, 2020	0.075
January 31, 2020	February 14, 2020	0.075
December 31, 2019	December 31, 2019	0.13
December 31, 2019	January 15, 2020	0.075
November 30, 2019	December 13, 2019	0.075
October 31, 2019	November 15, 2019	0.075
September 30, 2019	October 15, 2019	0.075
August 31, 2019	September 13, 2019	0.075
July 31, 2019	August 15, 2019	0.075
June 30, 2019	July 15, 2019	0.075
May 31, 2019	June 15, 2019	0.075
April 30, 2019	May 15, 2019	0.075
March 31, 2019	April 15, 2019	0.065
February 28, 2019	March 15, 2019	0.065
January 31, 2019	February 06, 2019	0.065

Fund Details

Sector Allocation (%)

As Of	December 31, 2022
Residential REITs	23.90%
Industrial REITs	23.50%
Retail REITs	22.70%
Specialized REITs	7.50%
Office REITs	4.70%
Real Estate Services	3.90%
Diversified REITs	3.00%
Health Care REITs	2.50%
Asset Management & Custody Banks	2.50%
Health Care Facilities	2.20%
Hotels, Resorts & Cruise Lines	2.10%
Real Estate Operating Companies	1.50%

Geographic Allocation (%)

As Of	December 31, 2022
Canada	70.90%
U.S.	26.60%
International	2.50%

Top 10 Holdings

1	Canadian Apartment Properties REIT	4.60%
2	Summit Industrial Income REIT	4.20%
3	RioCan REIT	3.90%
4	Granite REIT	3.90%
5	SBA Communications	3.90%
6	Prologis Inc.	3.70%
7	Equinix Inc.	3.60%
8	Killam Apartment REIT	3.50%
9	First Capital REIT	3.40%
10	Crombie REIT	3.40%

Middlefield Real Estate Dividend ETF