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Real Estate Equity
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2015
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|
NAVPS (07-25-2024) |
$13.30 |
|---|---|
| Change |
$0.04
(0.28%)
|
As at June 30, 2024
As at June 30, 2024
As at February 29, 2024
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Inception Return (June 16, 2011): 6.74%
| 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 | -0.22% | -5.25% | -3.71% | -3.71% | 1.56% | 0.70% | -2.65% | 2.74% | 1.85% | 2.42% | 4.03% | 4.23% | 3.94% | 5.26% |
| Benchmark | 1.36% | -1.05% | -0.99% | -0.99% | 9.01% | 4.49% | 0.23% | 5.82% | 1.45% | 2.37% | 3.02% | 2.58% | 4.17% | 5.60% |
| Category Average | 0.65% | -1.79% | -1.79% | -1.79% | 3.58% | 0.81% | -2.67% | 3.00% | 0.89% | 1.96% | 2.66% | 2.47% | 3.31% | 4.21% |
| Category Rank | 134 / 147 | 143 / 147 | 134 / 147 | 134 / 147 | 121 / 147 | 92 / 142 | 77 / 132 | 85 / 130 | 48 / 124 | 53 / 108 | 27 / 106 | 25 / 99 | 42 / 86 | 33 / 81 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.48% | -0.91% | -5.19% | -4.79% | 8.62% | 6.98% | -0.45% | 0.37% | 1.72% | -6.62% | 1.69% | -0.22% |
| Benchmark | 3.22% | -0.62% | -6.39% | -2.07% | 8.53% | 7.88% | -3.79% | 1.17% | 2.80% | -4.98% | 2.73% | 1.36% |
10.18% (January 2023)
-13.61% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 17.09% | 15.90% | -6.36% | 12.82% | 3.29% | 19.85% | -5.36% | 34.26% | -23.15% | 7.32% |
| Benchmark | 30.89% | 21.00% | 1.59% | 1.40% | 2.74% | 15.42% | -11.04% | 30.68% | -19.44% | 10.39% |
| Category Average | 20.48% | 11.96% | 1.20% | 5.38% | 0.16% | 19.52% | -6.93% | 27.77% | -21.53% | 6.48% |
| Quartile Ranking | 4 | 3 | 4 | 1 | 1 | 3 | 2 | 1 | 3 | 3 |
| Category Rank | 64/ 78 | 48/ 83 | 99/ 99 | 5/ 101 | 13/ 106 | 65/ 116 | 45/ 126 | 17/ 132 | 91/ 132 | 75/ 142 |
34.26% (2021)
-23.15% (2022)
| Name | Percent |
|---|---|
| Income Trust Units | 61.03 |
| Canadian Equity | 16.37 |
| US Equity | 15.87 |
| International Equity | 3.73 |
| Cash and Equivalents | 2.99 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Real Estate | 82.40 |
| Healthcare | 9.04 |
| Financial Services | 5.56 |
| Cash and Cash Equivalent | 2.99 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| North America | 96.26 |
| Europe | 3.74 |
| Name | Percent |
|---|---|
| RioCan REIT - Units | 6.64 |
| Canadian Apartment Properties REIT - Units | 6.17 |
| Boardwalk REIT - Units | 6.02 |
| InterRent REIT - Units | 4.57 |
| Minto Apartment REIT - Units | 4.10 |
| Granite REIT - Units | 3.91 |
| Chartwell Retirement Residences - Units | 3.84 |
| Killam Apartment REIT - Units Cl A | 3.64 |
| Dream Industrial REIT - Units | 3.38 |
| Choice Properties REIT - Units | 3.29 |
Middlefield Real Estate Dividend Class Series A
Median
Other - Real Estate Equity
| Standard Deviation | 17.47% | 15.93% | 13.51% |
|---|---|---|---|
| Beta | 1.01% | 0.87% | 0.80% |
| Alpha | -0.03% | 0.01% | 0.01% |
| Rsquared | 0.92% | 0.88% | 0.83% |
| Sharpe | -0.24% | 0.06% | 0.34% |
| Sortino | -0.34% | 0.01% | 0.33% |
| Treynor | -0.04% | 0.01% | 0.06% |
| Tax Efficiency | - | 12.89% | 67.62% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 15.68% | 17.47% | 15.93% | 13.51% |
| Beta | 0.91% | 1.01% | 0.87% | 0.80% |
| Alpha | -0.06% | -0.03% | 0.01% | 0.01% |
| Rsquared | 0.89% | 0.92% | 0.88% | 0.83% |
| Sharpe | -0.14% | -0.24% | 0.06% | 0.34% |
| Sortino | -0.03% | -0.34% | 0.01% | 0.33% |
| Treynor | -0.02% | -0.04% | 0.01% | 0.06% |
| Tax Efficiency | - | - | 12.89% | 67.62% |
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.
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.
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.
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.
| Start Date | June 16, 2011 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Corporation |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $13 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| MID600 | ||
| MID649 | ||
| MID650 |
The Fund’s objectives are to provide a stable level of income and maximize long-term total return. The Fund invests primarily in equities, including real estate investment trusts and common stocks, as well as equity-related and fixed income securities of issuers operating in the real estate sector.
In determining which individual investments to include in the portfolio the Manager will consider: a company’s balance sheet, cash flow characteristics, profitability, industry position, future growth potential and management ability. The Investment Advisor may decide to maintain a larger portion of the Fund’s assets in cash and short-term fixed income securities during periods of high market valuations and volatility.
| Name | Start Date |
|---|---|
| Dean C. Orrico | 06-16-2016 |
| Robert Moffat | 01-14-2021 |
| Fund Manager | Middlefield Limited (ML) |
|---|---|
| Advisor | Middlefield Capital Corporation (MCC) |
| Custodian | RBC Investor Services Trust (Canada) |
| Registrar | RBC Investor Services Trust (Canada) |
| Distributor | Middlefield Capital Corporation (MCC) |
| Auditor | Deloitte and Touche LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 1,000 |
| SWP Min Withdrawal | 100 |
| MER | 2.26% |
|---|---|
| Management Fee | 1.75% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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