We Like Most of This Fund’s REITs

Article Excerpt

IUNITS S&P/TSX CAPPED REIT INDEX FUND $14.22 (Toronto symbol XRE; buy or sell through a broker) holds 12 Canadian real estate investment trusts (REITs). In the Capped REIT Index, the weight of any one REIT, in terms of market capitalization (unit price times units outstanding), is limited to 25%. RioCan REIT makes up 24.6% of the index’s value; H&R REIT, 14.7%; Summit REIT, 10.2%; Canadian REIT, 7.8%; Calloway REIT, 8.3%; Boardwalk REIT, 6.2%; Retirement Residences REIT, 5.4%; Canadian Apartment Properties REIT, 5.3%; Legacy Hotels REIT, 4.3%; Chartwell Seniors Housing REIT, 4.6%; Innvest REIT, 3.6%; and Primaris Retail REIT, 5.0% We’ve glad to see that the top holding is RioCan, one of our favourite REITs. In fact, all of the top four holdings are among our recommendations. Note that iUnits REIT holds a couple of REITs we don’t recommend. iUnits REIT distributes income quarterly, currently at a rate of 5.5% annually. Expenses run at 0.55% of assets. iUnits REIT is a buy. buy…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.