Middlefield Real Estate Dividend ETF (TSX: MREL)
Canada
· Delayed Price · Currency is CAD | Assets | 119.19M |
| Expense Ratio | 1.21% |
| PE Ratio | n/a |
| Dividend (ttm) | 0.90 |
| Dividend Yield | 7.91% |
| Ex-Dividend Date | Jun 28, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| 1-Year Return | -4.93% |
| Volume | 2,847 |
| Open | 11.38 |
| Previous Close | 11.33 |
| Day's Range | n/a |
| 52-Week Low | 10.41 |
| 52-Week High | 12.41 |
| Beta | 0.97 |
| Holdings | 36 |
| Inception Date | Feb 12, 2019 |
About MREL
The fund focuses on the global real estate sector it aims for stable monthly cash distributions as well as outperformance of the index on a total return basis. In order to meet its investment objectives, the fund employs a mixed strategy of indexing and active management. As such, its portfolio is comprised of at least 30% (and up to 80%) of companies that comprise the index, the rest is determined by the fund adviser based on its long-term outlook for the real estate sector. Such consideration would include: interest rates, valuations, and other macroeconomic factors. The fund adviser will adjust the portfolio as deemed necessary.
Performance
MREL had a total return of 2.80% in the past year. Since the fund's inception, the average annual return has been -0.24%, including dividends.
Top 10 Holdings
46.67% of assets| Name | Symbol | Weight |
|---|---|---|
| RioCan Real Estate Investment Trust | REI.UN | 6.90% |
| Canadian Apartment Properties Real Estate Investment Trust | CAR.UN | 6.37% |
| Boardwalk Real Estate Investment Trust | BEI.UN | 5.97% |
| Granite Real Estate Investment Trust | GRT.UN | 5.04% |
| Chartwell Retirement Residences | CSH.UN | 4.19% |
| Dream Industrial Real Estate Investment Trust | DIR.UN | 3.71% |
| Killam Apartment REIT | KMP.UN | 3.69% |
| Choice Properties Real Estate Investment Trust | CHP.UN | 3.63% |
| InterRent Real Estate Investment Trust | IIP.UN.TO | 3.62% |
| SmartCentres Real Estate Investment Trust | SRU.UN | 3.57% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 28, 2024 | 0.075 CAD | Jul 15, 2024 |
| May 31, 2024 | 0.075 CAD | Jun 14, 2024 |
| Apr 29, 2024 | 0.075 CAD | May 15, 2024 |
| Mar 27, 2024 | 0.075 CAD | Apr 15, 2024 |
| Feb 28, 2024 | 0.075 CAD | Mar 15, 2024 |
| Jan 30, 2024 | 0.075 CAD | Feb 15, 2024 |