Middlefield Real Estate Dividend Class

Fund Description

Middlefield Real Estate Dividend Class 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

Fund Overview

  • Fund Codes:
    FE: MID600 / F Series: MID601
  • Inceptions Date:
    September 30, 2011
  • Monthly Distribution:
    $0.06
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    A: 1.75% / F: 0.75%
  • Risk Rating:
    Medium

Fund Managers

Headshot of Dean Orrico
Dean Orrico
President and Chief Executive Officer
Headshot of Robert Moffat
Robert Moffat
Portfolio Manager

Performance (Series A)

 
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 -3.28% 6.24% -1.87% -23.18% -23.18% -0.80% 3.86% 6.14% 7.32% 34.31% -5.39% 19.86% 3.26%

Performance (Series F)

 
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 -3.18% 6.53% -1.35% -22.29% -22.29% 0.31% 5.02% 7.31% 8.89% 35.78% -4.35% 21.20% 4.41%

Distributions (Series A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.06
November 29, 2022 November 30, 2022 0.06
October 28, 2022 October 31, 2022 0.06
September 29, 2022 September 30, 2022 0.06
August 30, 2022 August 31, 2022 0.06
July 28, 2022 July 29, 2022 0.06
June 29, 2022 June 30, 2022 0.06
May 30, 2022 May 31, 2022 0.06
April 28, 2022 April 29, 2022 0.06
March 30, 2022 March 31, 2022 0.06

Distributions (Series F)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.06
November 29, 2022 November 30, 2022 0.06
October 28, 2022 October 31, 2022 0.06
September 29, 2022 September 30, 2022 0.06
August 30, 2022 August 31, 2022 0.06
July 28, 2022 July 29, 2022 0.06
June 29, 2022 June 30, 2022 0.06
May 30, 2022 May 31, 2022 0.06
April 28, 2022 April 29, 2022 0.06
March 30, 2022 March 31, 2022 0.06

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Industrial REITs 26.20%
Retail REITs 21.80%
Residential REITs 21.50%
Specialized REITs 7.40%
Real Estate Services 4.40%
Health Care REITs 3.90%
Real Estate Operating Companies 3.50%
Asset Management & Custody Banks 3.10%
Diversified REITs 3.00%
Health Care Facilities 2.70%
Office REITs 2.50%

Geographic Allocation (%)

As Of December 31, 2022
Canada 70.50%
U.S. 24.80%
International 4.70%

Top 10 Holdings

1 Prologis Inc. 6.10%
2 Canadian Apartment Properties REIT 4.80%
3 Dream Industrial REIT 4.40%
4 Granite REIT 4.30%
5 Summit Industrial Income REIT 4.30%
6 RioCan REIT 4.00%
7 SBA Communications 3.80%
8 Killam Apartment REIT 3.70%
9 Equinix Inc. 3.60%
10 Choice Properties REIT 3.50%
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