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:
    Low to 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 2022 2021 2020 2019
April 30, 2023 1.21% -4.66% 9.07% 5.07% -11.34% 5.07% 4.14% 5.95% 7.55% -23.18% 34.31% -5.39% 19.86%

Performance (Series F)

 
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 1.22% -4.45% 9.60% 5.38% -10.43% 6.20% 5.28% 7.10% 9.12% -22.29% 35.78% -4.35% 21.20%

Distributions (Series A)

Total NAV & Distributions (since inception)  
Show More
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
April 27, 2023 April 28, 2023 0.06
March 30, 2023 March 31, 2023 0.06
February 27, 2023 February 28, 2023 0.06
January 30, 2023 January 31, 2023 0.06
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

Distributions (Series F)

Total NAV & Distributions (since inception)  
Show More
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
April 27, 2023 April 28, 2023 0.06
March 30, 2023 March 31, 2023 0.06
February 27, 2023 February 28, 2023 0.06
January 30, 2023 January 31, 2023 0.06
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

Fund Details

Sector Allocation (%)

As Of April 28, 2023
Industrial REITs 23.40%
Multi-Family Residential REITs 21.80%
Retail REITs 20.10%
Single-Family Residential REIT 5.20%
Real Estate Services 5.20%
Health Care Facilities 4.60%
Asset Management & Custody Banks 4.40%
Real Estate Operating Companies 3.40%
Telecom Tower REITs 2.90%
Diversified REITs 2.80%
Data Center REITs 2.80%
Health Care REITs 2.30%
Office REITs 1.20%

Geographic Allocation (%)

As Of April 28, 2023
Canada 72.70%
U.S. 22.60%
International 4.70%

Top 10 Holdings

1 Canadian Apartment Properties REIT 5.40%
2 Dream Industrial REIT 4.80%
3 Granite REIT 4.60%
4 Prologis Inc. 4.40%
5 Boardwalk REIT 4.40%
6 NEXUS INDUSTRIAL REIT 3.40%
7 RioCan REIT 3.40%
8 SmartCentres REIT 3.40%
9 Killam Apartment REIT 3.30%
10 Sun Communities Inc. 3.30%
Close
Subscribe to Our Insights!
Flyout Form

Close
Subscribe for MCT Updates
Flyout Form UK