Middlefield U.S. Equity Dividend ETF

Fund Description

Middlefield U.S. Equity Dividend ETF seeks to provide competitive long-term total returns by investing in dividend-paying securities of U.S.-based companies primarily operating in the consumer, financials, industrials and information technology sectors as well as other industries which are benefiting from the positive fundamentals in the U.S. economy.

Key Reasons to Invest:

  • exposure to an actively managed, low-cost fund which provides tax-efficient monthly distributions
  • a high conviction portfolio of U.S. companies which are well positioned to increase dividends and generate high levels of growth
  • portfolio focused on the U.S., which is the world’s largest, most innovative and diversified economy

MUSA 

Closing price  Ways To Invest Fact Sheet Prospectus (English) Prospectus (French) All Fund Documents

ETF Overview

  • Ticker/CUSIP:
    MUSA/59636R108
  • Inception Date:
    December 19, 2013
  • Monthly Distribution:
    $0.04583
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    All Registered and Non-Registered Accounts
  • Management Fee:
    0.75%
  • Risk Rating:
    Medium
  • Exchange:
    Toronto Stock Exchange

Fund Managers

Shane Obata
Portfolio Manager
Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer

Performance

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2021 2020 2019 2018
December 31, 2022 -5.06% 8.47% 7.92% -20.98% -20.98% 4.78% 6.56% - 8.99% 25.42% 16.10% 19.68% -0.18%

Distributions

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
March 31, 2023 April 14, 2023 0.04583
February 28, 2023 March 15, 2023 0.04583
January 31, 2023 February 15, 2023 0.04583
December 31, 2022 January 13, 2023 0.04583
November 30, 2022 December 15, 2022 0.04583
October 31, 2022 November 15, 2022 0.04583
September 30, 2022 October 14, 2022 0.04583
August 31, 2022 September 15, 2022 0.04583
July 31, 2022 August 15, 2022 0.04583
June 30, 2022 July 15, 2022 0.04583

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Technology 26.80%
Healthcare 19.00%
Consumer Staples 9.50%
Consumer Discretionary 9.20%
Financials 8.90%
Communication Services 8.10%
Industrials 7.00%
Energy 3.90%
Utilities 3.40%
Pipelines 2.80%
Real Estate 0.90%
Gold 0.50%

Geographic Allocation (%)

As Of December 31, 2022
Canada 17.10%
U.S. 79.20%
International 3.60%

Top 10 Holdings

1 Canadian Apartment Properties REIT 4.60%
2 Summit Industrial Income REIT 4.20%
3 RioCan REIT 3.90%
4 Granite REIT 3.90%
5 SBA Communications 3.90%
6 Prologis Inc. 3.70%
7 Equinix Inc. 3.60%
8 Killam Apartment REIT 3.50%
9 First Capital REIT 3.40%
10 Crombie REIT 3.40%
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