Middlefield Real Estate Dividend ETF

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 Press Releases Prospectus (English) Prospectus (French) All Fund Documents

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

Headshot of Dean Orrico
Dean Orrico
President and Chief Executive Officer
Headshot of Robert Moffat
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 2023 2022 2021 2020
June 30, 2024 -0.10% -4.60% -2.77% -2.77% 2.80% -1.81% 2.76% 5.83% 6.68% 7.85% -21.85% 35.43% -3.35%

Distributions

Total NAV & Distributions (since inception)  
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
June 30, 2024 July 15, 2024 0.075
May 31, 2024 June 14, 2024 0.075
April 30, 2024 May 15, 2024 0.075
March 31, 2024 April 15, 2024 0.075
February 29, 2024 March 15, 2024 0.075
January 31, 2024 February 15, 2024 0.075
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 31, 2023 January 15, 2024 0.075
November 30, 2023 December 15, 2023 0.075
October 31, 2023 November 15, 2023 0.075
September 30, 2023 October 13, 2023 0.075
August 31, 2023 September 15, 2023 0.075
July 31, 2023 August 15, 2023 0.075
June 30, 2023 July 14, 2023 0.075
May 31, 2023 June 15, 2023 0.075
April 30, 2023 May 15, 2023 0.075
March 31, 2023 April 14, 2023 0.075
February 28, 2023 March 15, 2023 0.075
January 31, 2023 February 15, 2023 0.075
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
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
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
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
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
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

Fund Details

Sector Allocation (%)

As Of June 30, 2024
Multi-Family Residential REITs 26.30%
Retail REITs 22.90%
Industrial REITs 13.90%
Health Care Facilities 9.50%
Asset Management & Custody Banks 5.60%
Real Estate Services 5.00%
Health Care REITs 4.60%
Single-Family Residential REITs 4.60%
Telecom Tower REITs 3.10%
Real Estate Operating Companies 2.00%
Diversified REITS 1.70%
Data Center REITs 0.70%
Office REITs 0.00%

Geographic Allocation (%)

As Of June 30, 2024
Canada 76.70%
U.S. 21.70%
International 1.60%

Top 10 Holdings

1 RioCan REIT 6.90%
2 Canadian Apartment Properties REIT 6.50%
3 Boardwalk REIT 6.10%
4 InterRent REIT 4.50%
5 Chartwell Retirement Residences 4.40%
6 Granite REIT 4.10%
7 Minto Apartment REIT 3.80%
8 Choice Properties REIT 3.70%
9 Killam Apartment REIT 3.70%
10 SmartCentres REIT 3.60%
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