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
March 31, 2024 1.80% 1.92% 12.65% 1.92% 5.71% 3.15% 3.55% 6.66% 7.20% 7.85% -21.85% 35.43% -3.35%

Distributions

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
March 31, 2024 April 15, 2024 0.075
February 29, 2024 March 15, 2024 0.075
January 31, 2024 February 15, 2024 0.075
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

Fund Details

Sector Allocation (%)

As Of March 31, 2024
Multi-Family Residential REITs 25.50%
Retail REITs 25.00%
Industrial REITs 19.40%
Health Care Facilities 8.00%
Real Estate Services 6.00%
Asset Management & Custody Banks 5.70%
Single-Family Residential REITs 3.90%
Health Care REITs 3.40%
Real Estate Operating Companies 3.00%
Data Center REITs 0.00%
Telecom Tower REITs 0.00%
Office REITs 0.00%

Geographic Allocation (%)

As Of March 31, 2024
Canada 81.20%
U.S. 17.40%
International 1.40%

Top 10 Holdings

1 RioCan REIT 7.30%
2 Canadian Apartment Properties REIT 6.90%
3 Boardwalk REIT 6.60%
4 Granite REIT 6.30%
5 Dream Industrial REIT 4.50%
6 SmartCentres REIT 4.20%
7 Choice Properties REIT 4.10%
8 Prologis Inc. 3.90%
9 Killam Apartment REIT 3.70%
10 First Capital REIT 3.40%
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