Middlefield Global Real Asset Fund

Fund Description

The Fund is focused on attractive global real estate and infrastructure assets in the global public and private markets. This includes an investment in the Blackstone Core+ fund which provides exposure to an exclusive portfolio of private North American real estate assets. The partnership with Blackstone, one of the world’s largest alternative asset investment managers, builds upon Middlefield 40 year plus history of real estate investing.

Key Reasons to Invest:

  • exposure to an actively managed fund providing tax-efficient distributions focused on the real estate and infrastructure sectors
  • the infrastructure sector has high barriers to entry and economies of scale which can provide investors with attractive returns and a natural hedge against inflation
  • the real estate sector performs well in both low and rising interest rate cycles and is also a proven hedge against inflation

RA.UN 

Closing price  Ways To Invest Fact Sheet Press Releases Prospectus (English) Prospectus (French) All Fund Documents

Fund Overview

  • Ticker/CUSIP:
    RA.UN/596334102
  • Inception Date:
    November 26, 2019
  • Monthly Distribution:
    $0.04167
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    1.10%
  • Risk Rating:
    Not Rated
  • Exchange:
    Toronto Stock Exchange

Fund Managers

Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer
Headshot of Robert Moffat
Robert Moffat
Portfolio Manager
Shane Obata
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
February 29, 2024 1.04% 2.07% -1.38% 1.78% -3.46% -0.24% - - 0.43% -5.17% -8.04% 7.25% 7.54%

Distributions

Total NAV & Distributions (since inception)  
Show More
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
March 31, 2024 April 15, 2024 0.04167
February 29, 2024 March 15, 2024 0.04167
January 31, 2024 February 15, 2024 0.04167
December 31, 2023 January 15, 2024 0.04167
November 30, 2023 December 15, 2023 0.04167
October 31, 2023 November 15, 2023 0.04167
September 30, 2023 October 13, 2023 0.04167
August 31, 2023 September 15, 2023 0.04167
July 31, 2023 August 15, 2023 0.04167
June 30, 2023 July 14, 2023 0.04167

Fund Details

Sector Allocation (%)

As Of December 31, 2023
Real Estate 58.90%
Pipelines 17.90%
Utilities 8.40%
Energy 7.90%
Industrials 6.90%

Geographic Allocation (%)

As Of December 31, 2023
Canada 56.00%
U.S. 44.00%
International 0.00%

Top 10 Holdings

1 Blackstone Core+ Real Estate LP 39.00%
2 Minto Apartment REIT 5.50%
3 Granite REIT 4.90%
4 Chartwell Retirement Residences 4.90%
5 Boardwalk REIT 4.60%
6 Enbridge Inc. 4.50%
7 Keyera Corp. 4.30%
8 Altagas Ltd. 4.20%
9 Gibson Energy 4.20%
10 TransAlta Corporation 4.20%
Close
Subscribe to Our Insights!
Flyout Form

Close
Subscribe for MCT Updates
Flyout Form UK