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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 (09-19-2025) |
$13.97 |
|---|---|
| Change |
$0.04
(0.27%)
|
As at August 31, 2025
As at August 31, 2025
Inception Return (June 16, 2011): 7.50%
| 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 | 2.21% | 2.70% | 6.62% | 9.21% | 4.98% | 9.85% | 6.09% | 0.26% | 5.62% | 3.50% | 4.49% | 5.75% | 5.44% | 5.13% |
| Benchmark | 3.85% | 3.61% | -1.42% | 3.79% | 3.88% | 10.75% | 6.90% | 1.91% | 7.53% | 2.96% | 3.94% | 4.80% | 3.61% | 4.96% |
| Category Average | 2.55% | 2.54% | 1.40% | 5.31% | 1.23% | 7.86% | 3.80% | -0.70% | 4.40% | 2.07% | 3.24% | 3.99% | 3.31% | 4.12% |
| Category Rank | 121 / 149 | 62 / 149 | 12 / 148 | 12 / 145 | 14 / 145 | 34 / 143 | 21 / 138 | 39 / 128 | 34 / 127 | 27 / 120 | 31 / 106 | 21 / 104 | 15 / 100 | 33 / 88 |
| Quartile Ranking | 4 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.92% | -4.83% | 2.25% | -5.85% | 0.44% | 1.98% | -0.31% | -1.26% | 5.47% | 0.04% | 0.44% | 2.21% |
| Benchmark | 2.91% | -1.89% | 3.52% | -4.24% | 2.57% | 2.64% | -2.77% | -3.86% | 1.79% | -0.66% | 0.44% | 3.85% |
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/ 84 | 98/ 98 | 3/ 100 | 13/ 104 | 63/ 112 | 39/ 122 | 14/ 128 | 91/ 128 | 77/ 138 | 94/ 143 |
34.26% (2021)
-23.15% (2022)
| Name | Percent |
|---|---|
| Income Trust Units | 61.51 |
| Canadian Equity | 19.35 |
| US Equity | 13.50 |
| Cash and Equivalents | 4.67 |
| International Equity | 0.98 |
| Name | Percent |
|---|---|
| Real Estate | 78.20 |
| Healthcare | 11.83 |
| Cash and Cash Equivalent | 4.67 |
| Financial Services | 3.55 |
| Other | 1.75 |
| Name | Percent |
|---|---|
| North America | 99.02 |
| Europe | 0.98 |
| Name | Percent |
|---|---|
| RioCan REIT - Units | 6.83 |
| Canadian Apartment Properties REIT - Units | 5.99 |
| Boardwalk REIT - Units | 5.20 |
| Granite REIT - Units | 4.99 |
| First Capital REIT - Units | 4.87 |
| Chartwell Retirement Residences - Units | 4.82 |
| Cash and Cash Equivalents | 4.67 |
| Choice Properties REIT - Units | 4.39 |
| Killam Apartment REIT - Units Cl A | 4.22 |
| H&R REIT - Units | 4.19 |
Middlefield Real Estate Dividend Class Series A
Median
Other - Real Estate Equity
| Standard Deviation | 15.88% | 15.58% | 13.65% |
|---|---|---|---|
| Beta | 1.02% | 0.97% | 0.87% |
| Alpha | -0.01% | -0.01% | 0.01% |
| Rsquared | 0.86% | 0.87% | 0.83% |
| Sharpe | 0.20% | 0.26% | 0.31% |
| Sortino | 0.41% | 0.35% | 0.31% |
| Treynor | 0.03% | 0.04% | 0.05% |
| Tax Efficiency | 63.56% | 62.55% | 66.38% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 11.69% | 15.88% | 15.58% | 13.65% |
| Beta | 0.89% | 1.02% | 0.97% | 0.87% |
| Alpha | 0.02% | -0.01% | -0.01% | 0.01% |
| Rsquared | 0.60% | 0.86% | 0.87% | 0.83% |
| Sharpe | 0.21% | 0.20% | 0.26% | 0.31% |
| Sortino | 0.31% | 0.41% | 0.35% | 0.31% |
| Treynor | 0.03% | 0.03% | 0.04% | 0.05% |
| Tax Efficiency | 56.90% | 63.56% | 62.55% | 66.38% |
| 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) | $17 |
| 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 | 2.31% |
|---|---|
| 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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