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 2022 2021 2020 2019
April 30, 2023 1.21% -4.70% 9.48% 5.25% -10.21% 6.43% 5.22% 6.36% 7.38% -21.85% 35.43% -3.35% 20.36%

Distributions

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
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
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

Fund Details

Sector Allocation (%)

As Of April 28, 2023
Industrial REITs 22.70%
Multi-Family Residential REITs 22.40%
Retail REITs 20.20%
Real Estate Services 5.90%
Asset Management & Custody Banks 5.00%
Single-Family Residential REIT 4.60%
Health Care Facilities 4.00%
Real Estate Operating Companies 3.30%
Diversified REITs 2.90%
Telecom Tower REITs 2.90%
Health Care REITs 2.50%
Data Center REITs 2.50%
Office REITs 1.20%

Geographic Allocation (%)

As Of April 28, 2023
Canada 73.90%
U.S. 21.50%
International 4.60%

Top 10 Holdings

1 Canadian Apartment Properties REIT 5.30%
2 Dream Industrial REIT 4.90%
3 Granite REIT 4.70%
4 Boardwalk REIT 4.10%
5 RioCan REIT 3.80%
6 Killam Apartment REIT 3.60%
7 Prologis Inc. 3.40%
8 NEXUS INDUSTRIAL REIT 3.30%
9 Choice Properties REIT 3.10%
10 FirstService Corporation 3.10%
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