Middlefield Global Energy Transition Class

Fund Description

The Fund seeks to maximize long-term total return through investment in dividend-paying securities of global companies engaged in the transition from fossil fuels to renewable energy sources.

Key Reasons to Invest:

  • exposure to an actively managed fund which provides tax-efficient distributions
  • a high conviction portfolio of companies focused on developing solutions to facilitate the transition to a cleaner energy future over the next several decades.
  • focus on leading renewable energy companies which are employing new technologies to enhance battery storage capabilities as well as companies engaged in the production of fossil fuels who are allocating increasing levels of capital to reduce their carbon footprint

Fund Overview

  • Fund Codes:
    FE:MID265 / F Series:MID266
  • Inception Date:
    May 31, 2022
  • Monthly Distribution:
    $0.035
  • Adivsor :
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    A: 2.00% / F: 1.00%
  • Risk Rating:
    High

Fund Managers

Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer
Dennis da Silva
Senior Portfolio Manager
Headshot of Mallika Verma
Mallika Verma
Investment and ESG Analyst

Distributions (Series F)

Total NAV & Distributions (since inception)  
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.035
November 29, 2022 November 30, 2022 0.035
October 28, 2022 October 31, 2022 0.035
September 29, 2022 September 30, 2022 0.035
August 30, 2022 August 31, 2022 0.035
July 28, 2022 July 29, 2022 0.035
June 29, 2022 June 30, 2022 0.035

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Energy 48.40%
Utilities 27.30%
Industrials 11.30%
Pipelines 7.70%
Technology 3.30%
Materials 2.00%

Geographic Allocation (%)

As Of December 31, 2022
Canada 47.30%
U.S. 34.40%
International 18.30%

Top 10 Holdings

1 SIEMENS AG 7.00%
2 TOTALENERGIES SE ADR 6.30%
3 Topaz Energy Corp. 5.50%
4 ARC RESOURCES LTD 5.40%
5 Whitecap Resources Inc. 5.20%
6 Tourmaline Oil Corp. 5.10%
7 KIWETINOHK ENERGY CORP 4.30%
8 Enbridge Inc. 3.90%
9 SECURE ENERGY SERVICES INC COMMON 3.90%
10 TIDEWATER MIDSTREAM AND INFRASTRUCTURE 3.80%
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