Middlefield Sustainable Real Estate Dividend Fund

Fund Description

Middlefield Sustainable Real Estate Dividend Fund is an actively managed, diversified portfolio investing primarily in companies involved in creating and transforming sustainable real estate while also paying stable monthly cash distributions.

Key Reasons to Invest:

  • actively managed, internationally diversified portfolio of companies that provide sustainable real estate solutions
  • exposure to leading companies that are creating and transforming the green property and related sectors by employing or developing sustainable property management practices or materials
  • integrates Environmental, Social & Governance considerations to complement fundamental analysis in selecting investments believed to have sustainable competitive advantages

MSRE.UN 

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

Fund Overview

  • Ticker/CUSIP:
    MRSE.UN/86934J108
  • Inception Date:
    March 30, 2022
  • Monthly Distribution:
    $0.04167
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility :
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    1.25%
  • Risk Rating:
    Not Rated
  • Exchange:
    Toronto Stock Exchange

Fund Managers

Headshot of Dean Orrico
Dean Orrico
President and Chief Executive Officer
Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer
Headshot of Mallika Verma
Mallika Verma
Investment and ESG Analyst

Performance

 
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 1.39% -4.19% 11.64% 5.85% -6.44% - - - -8.84% - - - -

Distributions

Total NAV & Distributions (since inception)  
Show More
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
June 30, 2023 July 14, 2023 0.04167
May 31, 2023 June 15, 2023 0.04167
April 30, 2023 May 15, 2023 0.04167
March 31, 2023 April 14, 2023 0.04167
February 28, 2023 March 15, 2023 0.04167
January 31, 2023 February 15, 2023 0.04167
December 31, 2022 January 13, 2023 0.04167
November 30, 2022 December 15, 2022 0.04167
October 31, 2022 November 15, 2022 0.04167
September 30, 2022 October 14, 2022 0.04167

Fund Details

Sector Allocation (%)

As Of March 31, 2023
Industrial REITs 18.90%
Retail REITs 14.30%
Multi-Family Residential REITs 13.10%
Single-Family Residential REIT 8.70%
Construction Materials 7.70%
Building Products 6.30%
Telecom Tower REITs 6.00%
Data Center REITs 4.30%
Steel 4.10%
Health Care REITs 3.80%
Real Estate Operating Companie 2.80%
Industrial Conglomerates 2.80%
Health Care Facilities 2.60%
Timber REITs 2.50%
Office REITs 2.10%

Geographic Allocation (%)

As Of March 31, 2023
Canada 47.80%
U.S. 37.80%
International 14.40%

Top 10 Holdings

1 Dream Industrial REIT 5.70%
2 Prologis Inc. 5.60%
3 Boardwalk REIT 5.20%
4 Granite REIT 5.10%
5 Canadian Apartment Properties REIT 4.70%
6 Equinix Inc. 4.30%
7 RioCan REIT 3.40%
8 HOLCIM AG 3.40%
9 Choice Properties REIT 3.40%
10 Killam Apartment REIT 3.20%
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