Middlefield Real Estate Dividend ETF (MREL.TO) ETF Analysis

Fund Overview

Middlefield Real Estate Dividend ETF (MREL.TO) is an exchange-traded fund. The fund is issued by Middlefield Limited. The inception date on file is April 20, 2011. Total net assets stand at CA$164.10M.

Its biggest positions are Riocan Real Estate Investment Trust (REI-UN.TO), Extendicare Inc (EXE.TO), and Granite Real Estate Investment Trust Unit (GRT-UN.TO). Riocan Real Estate Investment Trust alone accounts for 6.49% of the portfolio. The ten largest positions together make up 47.3% of the fund.

Performance Analysis

MREL.TO last closed at CA$13.10 on September 4, 2026. The trailing one-year price return is +10.05%. Across 5 years the annualized return works out at +3.16%. The fund distributes at a trailing yield of 4.36%.

2026 is still running; the price is +8.41% year to date. The strongest complete calendar year on file is 2021 at +36.36%; the weakest is 2022 at −21.63%. Of the 7 complete calendar years on file, 5 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$12.30 to CA$14.36. The latest close sits 6.5% above that 52-week low. Daily returns over the trailing 8 years annualize to a volatility of 16.58%. The reported beta is 0.9. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.