Middlefield Real Estate Dividend ETF (TSX: MREL)
Canada
· Delayed Price · Currency is CAD | Assets | 122.37M |
| Expense Ratio | 1.21% |
| PE Ratio | n/a |
| Dividend (ttm) | 0.90 |
| Dividend Yield | 7.67% |
| Ex-Dividend Date | Apr 29, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| 1-Year Return | -3.22% |
| Volume | 15,472 |
| Open | 11.77 |
| Previous Close | 11.75 |
| Day's Range | 11.69 - 11.77 |
| 52-Week Low | 10.41 |
| 52-Week High | 12.41 |
| Beta | 0.98 |
| Holdings | 33 |
| 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 -3.22% in the past year. Since the fund's inception, the average annual return has been 0.20%, including dividends.
Top 10 Holdings
50.66% of assets| Name | Symbol | Weight |
|---|---|---|
| RioCan Real Estate Investment Trust | REI.UN | 6.84% |
| Canadian Apartment Properties Real Estate Investment Trust | CAR.UN | 6.43% |
| Cash & Other | n/a | 6.22% |
| Boardwalk Real Estate Investment Trust | BEI.UN | 6.20% |
| Granite Real Estate Investment Trust | GRT.UN | 5.87% |
| Dream Industrial Real Estate Investment Trust | DIR.UN | 4.24% |
| SmartCentres Real Estate Investment Trust | SRU.UN | 3.94% |
| Choice Properties Real Estate Investment Trust | CHP.UN | 3.81% |
| Prologis, Inc. | PLD | 3.62% |
| Killam Apartment REIT | KMP.UN | 3.48% |
Dividend History
| Ex-Dividend | Amount |
|---|---|
| Apr 29, 2024 | 0.075 CAD |
| Mar 27, 2024 | 0.075 CAD |
| Feb 28, 2024 | 0.075 CAD |
| Jan 30, 2024 | 0.075 CAD |
| Dec 28, 2023 | 0.075 CAD |
| Nov 29, 2023 | 0.075 CAD |