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 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 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)  
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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

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%
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