Middlefield Global Infrastructure Fund

Fund Description

The Fund seeks to provide enhanced long-term total returns through an investment strategy that focuses primarily on investing in dividend-paying securities of companies that are involved in the global infrastructure sector.

Invest Reasons to Invest:

  • exposure to an actively managed fund, which provides tax-efficient monthly distributions
  • a high conviction portfolio of companies operating in regulated frameworks with long-term contracted cash flows in the renewable energy sector (e.g. hydro, wind and solar), energy infrastructure sector (e.g. LNG, hydrogen and battery storage) as well as other infrastructure sectors
  • the infrastructure sector has high barriers to entry and economies of scale which can provide investors with attractive returns and a natural hedge against inflation

Fund Overview

  • Fund Codes:
    FE: MID510 / F Series: MID501
  • Inception Date:
    June 19, 2013
  • Monthly Distribution:
    $0.05
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    A: 2.00% / F: 1.00%
  • Risk Rating:
    Medium

Fund Managers

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

Performance (Series A)

 
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 -3.67% -0.03% 1.74% -5.15% -5.15% 1.05% 3.72% - 5.36% 11.99% -2.86% 22.39% -4.95%

Performance (Series F)

 
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 -3.54% 0.42% 2.35% -4.04% -4.04% 2.19% 4.90% - 6.55% 13.23% -1.77% 23.78% -3.86%

Distributions (Series A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.05
November 29, 2022 November 30, 2022 0.05
October 28, 2022 October 31, 2022 0.05
September 29, 2022 September 30, 2022 0.05
August 30, 2022 August 31, 2022 0.05
July 28, 2022 July 29, 2022 0.05
June 29, 2022 June 30, 2022 0.05
May 30, 2022 May 31, 2022 0.05
April 28, 2022 April 29, 2022 0.05
March 30, 2022 March 31, 2022 0.05

Distributions (Series F)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.05
November 29, 2022 November 30, 2022 0.05
October 28, 2022 October 31, 2022 0.05
September 29, 2022 September 30, 2022 0.05
August 30, 2022 August 31, 2022 0.05
July 28, 2022 July 29, 2022 0.05
June 29, 2022 June 30, 2022 0.05
May 30, 2022 May 31, 2022 0.05
April 28, 2022 April 29, 2022 0.05
March 30, 2022 March 31, 2022 0.05

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Utilities 46.60%
Pipelines 13.30%
Real Estate 12.80%
Industrials 12.40%
Energy 10.80%
Technology 4.00%

Geographic Allocation (%)

As Of December 31, 2022
Canada 75.40%
U.S. 19.40%
International 5.20%

Top 10 Holdings

1 Prologis Inc. 6.10%
2 Canadian Apartment Properties REIT 4.80%
3 Dream Industrial REIT 4.40%
4 Granite REIT 4.30%
5 Summit Industrial Income REIT 4.30%
6 RioCan REIT 4.00%
7 SBA Communications 3.80%
8 Killam Apartment REIT 3.70%
9 Equinix Inc. 3.60%
10 Choice Properties REIT 3.50%
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