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

Performance (Series F)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2022 2021 2020 2019
May 31, 2023 -4.24% -2.63% -7.29% -2.06% 2.06% - - - 2.06% - - - -

Distributions (Series F)

Total NAV & Distributions (since inception)  
Show More
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
May 30, 2023 May 31, 2023 0.035
April 27, 2023 April 28, 2023 0.035
March 30, 2023 March 31, 2023 0.035
February 27, 2023 February 28, 2023 0.035
January 30, 2023 January 31, 2023 0.035
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

Fund Details

Sector Allocation (%)

As Of April 28, 2023
Energy 40.80%
Utilities 39.00%
Pipelines 9.30%
Industrials 4.20%
Materials 3.50%
Technology 3.20%

Geographic Allocation (%)

As Of April 28, 2023
Canada 55.00%
U.S. 26.70%
International 18.30%

Top 10 Holdings

1 Advantage Energy Ltd. 5.80%
2 Topaz Energy Corp. 5.50%
3 TIDEWATER MIDSTREAM AND INFRASTRUCTURE 5.20%
4 Tourmaline Oil Corp. 4.60%
5 Altagas Ltd. 4.50%
6 SIEMENS AG 4.20%
7 Enbridge Inc. 4.10%
8 RWE AG 3.60%
9 Energias de Portugal, S.A. 3.60%
10 Enel S.p.A. 3.50%
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