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Middlefield Real Estate Dividend ETF

Real Estate Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2021

Click for more information on Fundata’s FundGrade

NAVPS
(05-30-2025)
$12.41
Change
-$0.01 (-0.05%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2012Jan 2013Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Ja…$5,000$10,000$15,000$20,000$25,000$30,000$7,000$8,000$9,000$11,000Period

Legend

Middlefield Real Estate Dividend ETF

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Fund Returns

Inception Return (April 20, 2011): 7.08%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -1.22% 0.52% -2.46% 1.10% 13.32% 5.30% -0.14% 2.70% 5.97% 4.23% 5.24% 5.42% 5.88% 5.58%
Benchmark -3.86% -4.06% -2.44% -1.59% 13.96% 7.54% 1.44% 3.48% 6.51% 2.54% 4.26% 3.34% 4.13% 4.55%
Category Average -2.16% -1.52% -3.59% -0.10% 10.55% 3.85% -1.72% 0.76% 4.18% 1.84% 3.27% 2.93% 3.53% 3.41%
Category Rank 22 / 148 17 / 146 35 / 145 20 / 145 16 / 143 56 / 138 32 / 136 13 / 128 18 / 122 6 / 120 12 / 106 6 / 100 8 / 98 10 / 86
Quartile Ranking 1 1 1 1 1 2 1 1 1 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 1.93% -0.10% 9.02% 4.77% 5.04% -4.91% 2.26% -5.65% 0.58% 2.14% -0.36% -1.22%
Benchmark 2.73% 1.36% 6.91% 3.93% 2.91% -1.89% 3.52% -4.24% 2.57% 2.64% -2.77% -3.86%

Best Monthly Return Since Inception

11.17% (January 2015)

Worst Monthly Return Since Inception

-16.22% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-40%-20%0%20%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 7.31% 6.09% 10.38% 2.77% 20.36% -3.38% 35.39% -21.87% 7.88% 7.02%
Benchmark 21.00% 1.59% 1.40% 2.74% 15.42% -11.04% 30.68% -19.44% 10.39% 10.11%
Category Average 11.96% 1.20% 5.38% 0.16% 19.52% -6.93% 27.77% -21.53% 6.48% 5.17%
Quartile Ranking 4 1 1 1 3 1 1 2 2 2
Category Rank 65/ 84 17/ 98 6/ 100 24/ 104 57/ 112 7/ 122 8/ 128 62/ 128 63/ 138 64/ 143

Best Calendar Return (Last 10 years)

35.39% (2021)

Worst Calendar Return (Last 10 years)

-21.87% (2022)

Asset Allocation

Asset Allocation
Name Percent
Income Trust Units 66.16
Canadian Equity 15.42
US Equity 13.54
Cash and Equivalents 3.74
International Equity 1.15
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Real Estate 79.97
Healthcare 12.65
Cash and Cash Equivalent 3.74
Financial Services 3.65
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.85
Europe 1.15

Top Holdings

Top Holdings
Name Percent
RioCan REIT - Units 7.89
Canadian Apartment Properties REIT - Units 7.40
Chartwell Retirement Residences - Units 6.35
Boardwalk REIT - Units 5.46
First Capital REIT - Units 4.83
Killam Apartment REIT - Units Cl A 4.46
Minto Apartment REIT - Units 4.32
Granite REIT - Units 4.11
Choice Properties REIT - Units 4.02
Cash and Cash Equivalents 3.74

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return4681012141618202224262830-8%-6%-4%-2%0%2%4%6%

Middlefield Real Estate Dividend ETF

Median

Other - Real Estate Equity

3 Yr Annualized

Standard Deviation 17.57% 15.79% 13.90%
Beta 1.02% 0.99% 0.87%
Alpha -0.01% 0.00% 0.02%
Rsquared 0.89% 0.88% 0.84%
Sharpe -0.15% 0.29% 0.34%
Sortino -0.14% 0.39% 0.35%
Treynor -0.03% 0.05% 0.05%
Tax Efficiency - 53.09% 53.03%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 14.24% 17.57% 15.79% 13.90%
Beta 1.03% 1.02% 0.99% 0.87%
Alpha -0.01% -0.01% 0.00% 0.02%
Rsquared 0.77% 0.89% 0.88% 0.84%
Sharpe 0.69% -0.15% 0.29% 0.34%
Sortino 1.31% -0.14% 0.39% 0.35%
Treynor 0.09% -0.03% 0.05% 0.05%
Tax Efficiency 76.28% - 53.09% 53.03%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A32.932.965.565.50%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A26.726.750.750.70%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A18.218.262.962.90%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A46.846.858.258.20%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date April 20, 2011
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

Provide unitholders with stable monthly distributions and capital appreciation potential by investing in an actively managed portfolio of global issuetrs operating in, or that derive a significant portion of their revenue or earnings from, products or services related to the real estate sector.

Investment Strategy

In order to reach his objectives, the Fund will invest (i) at least 50% and up to 80% of the Fund's assets in a diversified portfolio of securities, which will consist of those comprised in the S&P/TSX Capped REIT Index in the same proportion, to the extent practicable, as they comprise the Index (the Index Portfolio); and (ii) the remainder of the assets will be invested in an actively managed diversified portfolio of securities of issuers operating primarily in the Canadian real estate sector.

Portfolio Management

Portfolio Manager

Middlefield Capital Corporation (MCC)

  • Dean C. Orrico
  • Robert Moffat
Sub-Advisor

-

Management and Organization

Fund Manager

Middlefield Limited (ML)

Custodian

RBC Investor Services Trust

Registrar

TSX Trust Company

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.21%
Management Fee 0.75%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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