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Real Estate Equity
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
2015
Click for more information on Fundata’s FundGrade
|
NAVPS (06-20-2025) |
$13.51 |
|---|---|
| Change |
$0.02
(0.15%)
|
As at May 31, 2025
As at May 31, 2025
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Inception Return (June 16, 2011): 7.44%
| 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 | 5.47% | 3.82% | 0.12% | 6.34% | 16.09% | 9.23% | 2.38% | 2.84% | 5.62% | 4.03% | 4.71% | 5.12% | 5.25% | 5.00% |
| Benchmark | 1.79% | -4.85% | -4.08% | 0.17% | 12.92% | 10.59% | 4.19% | 3.92% | 7.01% | 2.78% | 4.16% | 3.62% | 3.79% | 4.52% |
| Category Average | 2.79% | -1.11% | -2.79% | 2.69% | 10.69% | 7.25% | 1.07% | 1.32% | 4.61% | 2.24% | 3.40% | 3.26% | 3.48% | 3.64% |
| Category Rank | 12 / 148 | 9 / 147 | 13 / 144 | 9 / 144 | 5 / 142 | 34 / 137 | 40 / 135 | 25 / 127 | 35 / 125 | 20 / 119 | 30 / 105 | 22 / 102 | 20 / 97 | 28 / 85 |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 1 | 2 |
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.22% | 8.84% | 4.57% | 4.92% | -4.83% | 2.25% | -5.85% | 0.44% | 1.98% | -0.31% | -1.26% | 5.47% |
| Benchmark | 1.36% | 6.91% | 3.93% | 2.91% | -1.89% | 3.52% | -4.24% | 2.57% | 2.64% | -2.77% | -3.86% | 1.79% |
10.18% (January 2023)
-13.61% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 15.90% | -6.36% | 12.82% | 3.29% | 19.85% | -5.36% | 34.26% | -23.15% | 7.32% | 5.35% |
| 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 | 3 | 4 | 1 | 1 | 3 | 2 | 1 | 3 | 3 | 3 |
| Category Rank | 49/ 83 | 97/ 97 | 3/ 99 | 12/ 103 | 62/ 111 | 39/ 121 | 14/ 127 | 90/ 127 | 77/ 137 | 94/ 142 |
34.26% (2021)
-23.15% (2022)
| Name | Percent |
|---|---|
| Income Trust Units | 66.55 |
| Canadian Equity | 16.87 |
| US Equity | 12.90 |
| Cash and Equivalents | 2.53 |
| International Equity | 1.15 |
| Name | Percent |
|---|---|
| Real Estate | 80.25 |
| Healthcare | 14.04 |
| Financial Services | 3.19 |
| Cash and Cash Equivalent | 2.53 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| North America | 98.85 |
| Europe | 1.15 |
| Name | Percent |
|---|---|
| Canadian Apartment Properties REIT - Units | 7.56 |
| RioCan REIT - Units | 6.78 |
| Chartwell Retirement Residences - Units | 6.12 |
| Boardwalk REIT - Units | 5.48 |
| Granite REIT - Units | 5.00 |
| Killam Apartment REIT - Units Cl A | 4.85 |
| First Capital REIT - Units | 4.74 |
| Extendicare Inc | 4.62 |
| Minto Apartment REIT - Units | 4.08 |
| Choice Properties REIT - Units | 3.99 |
Middlefield Real Estate Dividend Class Series A
Median
Other - Real Estate Equity
| Standard Deviation | 17.41% | 15.66% | 13.75% |
|---|---|---|---|
| Beta | 1.03% | 0.98% | 0.86% |
| Alpha | -0.02% | -0.01% | 0.01% |
| Rsquared | 0.88% | 0.87% | 0.83% |
| Sharpe | -0.01% | 0.27% | 0.30% |
| Sortino | 0.07% | 0.35% | 0.30% |
| Treynor | 0.00% | 0.04% | 0.05% |
| Tax Efficiency | - | 62.53% | 65.71% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 14.79% | 17.41% | 15.66% | 13.75% |
| Beta | 1.05% | 1.03% | 0.98% | 0.86% |
| Alpha | 0.02% | -0.02% | -0.01% | 0.01% |
| Rsquared | 0.73% | 0.88% | 0.87% | 0.83% |
| Sharpe | 0.84% | -0.01% | 0.27% | 0.30% |
| Sortino | 1.60% | 0.07% | 0.35% | 0.30% |
| Treynor | 0.12% | 0.00% | 0.04% | 0.05% |
| Tax Efficiency | 85.55% | - | 62.53% | 65.71% |
| 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) | $16 |
| 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.
| Portfolio Manager |
Middlefield Capital Corporation (MCC)
|
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
Middlefield Limited (ML) |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Investor Services Trust (Canada) |
| Distributor |
Middlefield Capital Corporation (MCC) |
| 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 | 2.34% |
|---|---|
| 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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