(As of 8/31/2026)

Middlefield Real Estate Dividend Class Series A

(Real Estate Equity)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2015





Inception Return
(6/16/2011)
7.69 %
YTD Return 8.91 %
NAVPS
(9/18/2026)
$13.99
Change ($0.05) / -0.33 %
Growth of $10,000 (As of August 31, 2026)
MER 2.27 %
Assets ($mil) $19.46
Rank (1Yr) 13/138
Std Dev (3Yr) 13.79 %
Volatility Ranking (3Yr) 8/10
RRSP Eligibility Yes
Load Choice of Front or No Load
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
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.
Fund Manager

Middlefield Limited (ML)

Portfolio Manager

Dean C. Orrico, Middlefield Limited

Robert Moffat, Middlefield Limited

Sub-Advisor
-
 
Asset Allocation
(As of August 31, 2026)
Sector Allocation
(As of August 31, 2026)
Geographic Allocation
(As of August 31, 2026)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada6.09%
RioCan REIT - UnitsIncome Trust UnitsReal EstateCanada6.07%
Killam Apartment REIT - Units Cl AIncome Trust UnitsReal EstateCanada5.46%
Extendicare IncCanadian EquityHealthcareCanada4.86%
Granite REIT - UnitsIncome Trust UnitsReal EstateCanada4.58%
Chartwell Retirement Residences - UnitsIncome Trust UnitsHealthcareCanada4.23%
Boardwalk REIT - UnitsIncome Trust UnitsReal EstateCanada4.23%
Canadian Apartment Properties REIT - UnitsIncome Trust UnitsReal EstateCanada4.10%
Choice Properties REIT - UnitsIncome Trust UnitsReal EstateCanada4.04%
Primaris Real Estate Investment Trst Sr ACanadian EquityReal EstateCanada3.83%

Performance Data (As of August 31, 2026)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -4.51 -0.01 2.05 8.91 10.33 10.01 2.20 5.92
Benchmark -3.93 2.68 3.17 13.20 14.24 11.90 4.26 4.63
Quartile Ranking 2 3 1 3 1 1 1 1

Calendar Return (%) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Fund 10.63 5.35 7.32 -23.15 34.26 -5.36 19.85 3.29 12.82 -6.36
Benchmark 4.74 10.11 10.39 -19.44 30.68 -11.04 15.42 2.74 1.40 1.59
Quartile Ranking 1 3 3 3 1 2 3 1 1 4

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