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Middlefield ETFs
An actively managed global real-estate equity fund: 38 stocks, 73% Canada, unhedged, for 0.99% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Active equity portfolio with a Real Estate tilt. 84.3% of the portfolio is currently in Real Estate, so sector positioning carried meaningful weight in results.
Top holding: Riocan Real Estate Investment Trust 6.6% (broad) · Top sector: Real Estate 84.3% (single-sector) · Top region: Canada 73.3% (region-tilted)
Real Estate 84.3%·Healthcare 8.5%·Financials 4.9%·Consumer Discretionary 2.3%
Canada 73.3%·United States 25.6%·Europe 1.0%
Source: fund provider disclosure.
The management fee was 0.99% a year, or about $99 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $171M· net assets |
| Listed | 2011· 15 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | MREL.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Real Estate |
| Geography | Global / World |
| Provider | Middlefield ETFs |
| Mgmt fee | 0.99% |
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Prices as of last close.
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