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
October 31, 2023 -4.78% -10.32% -11.72% -7.09% -3.35% 1.88% 2.34% 5.68% 6.02% -21.85% 35.43% -3.35% 20.36%

Distributions

Total NAV & Distributions (since inception)  
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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

Fund Details

Sector Allocation (%)

As Of October 31, 2023
Multi-Family Residential REITs 26.10%
Retail REITs 18.50%
Industrial REITs 17.50%
Health Care Facilities 7.60%
Real Estate Services 6.20%
Single-Family Residential REITs 5.70%
Asset Management & Custody Banks 4.70%
Real Estate Operating Companies 3.80%
Health Care REITs 3.20%
Data Center REITs 3.00%
Telecom Tower REITs 2.80%
Office REITs 0.90%

Geographic Allocation (%)

As Of October 31, 2023
Canada 70.40%
U.S. 26.00%
International 3.70%

Top 10 Holdings

1 Boardwalk REIT 5.40%
2 Dream Industrial REIT 5.30%
3 Granite REIT 4.20%
4 Canadian Apartment Properties REIT 4.20%
5 RioCan REIT 4.00%
6 Killam Apartment REIT 3.90%
7 Minto Apartment REIT 3.40%
8 FirstService Corporation 3.30%
9 Welltower Inc. 3.20%
10 InterRent REIT 3.10%
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