Middlefield Income Plus Class

Fund Description

The Fund seeks to provide a stable level of income while emphasizing capital preservation by investing in a diversified portfolio of equity and fixed-income securities.

Key Reasons to Invest:

  • an award-winning fund with leading long-term performance and tax-efficient monthly distributions
  • an actively managed, high conviction portfolio of companies paying high levels of sustainable income
  • focus on dividend-paying companies which benefit investors by dampening the volatility associated with equities and which represent a viable investment alternative throughout various economic cycles

Fund Overview

  • Fund Codes:
    FE: MID800 / F Series: MID801
  • Inception Date:
    June 21, 2011
  • Monthly Distribution:
    $0.075
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    A: 1:50% / F: 0.50%
  • Risk Rating:
    Low to Medium

Fund Managers

Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer
Headshot of Dean Orrico
Dean Orrico
President and Chief Executive Officer

Performance (Series A)

 
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
October 31, 2023 -1.97% -5.48% -3.66% -0.39% -1.45% 11.21% 6.49% 5.03% 7.68% -0.79% 29.43% -7.15% 19.28%

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
October 31, 2023 -1.84% -5.25% -3.15% 0.53% -0.37% 12.44% 7.67% 6.19% 6.23% 0.31% 30.87% -6.15% 20.62%

Distributions (Series A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
October 30, 2023 October 31, 2023 0.075
September 28, 2023 September 29, 2023 0.075
August 30, 2023 August 31, 2023 0.075
July 28, 2023 July 31, 2023 0.075
June 29, 2023 June 30, 2023 0.075
May 30, 2023 May 31, 2023 0.075
April 27, 2023 April 28, 2023 0.075
March 30, 2023 March 31, 2023 0.075
February 27, 2023 February 28, 2023 0.075
January 30, 2023 January 31, 2023 0.075

Distributions (Series F)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
October 30, 2023 October 31, 2023 0.075
September 28, 2023 September 29, 2023 0.075
August 30, 2023 August 31, 2023 0.075
July 28, 2023 July 31, 2023 0.075
June 29, 2023 June 30, 2023 0.075
May 30, 2023 May 31, 2023 0.075
April 27, 2023 April 28, 2023 0.075
March 30, 2023 March 31, 2023 0.075
February 27, 2023 February 28, 2023 0.075
January 30, 2023 January 31, 2023 0.075

Fund Details

Sector Allocation (%)

As Of October 31, 2023
Energy 18.20%
Technology 15.20%
Real Estate 14.30%
Healthcare 11.60%
Pipelines 9.80%
Financials 9.50%
Utilities 7.60%
Industrials 4.60%
Materials 3.30%
Private Infrastructure 2.90%
Consumer Staples 2.90%
Uranium 0.10%
Gold 0.00%
Metals & Mining 0.00%
Precious Metals & Minerals 0.00%

Geographic Allocation (%)

As Of October 31, 2023
Canada 56.40%
U.S. 43.60%
International 0.00%

Top 10 Holdings

1 Middlefield Healthcare Dividend ETF 7.60%
2 Tourmaline Oil Corp. 5.20%
3 American Tower Corp. 4.60%
4 Canadian Natural Resources Limited 4.60%
5 Microsoft Corp. 4.50%
6 IBM 4.50%
7 Headwater Exploration Inc. 4.30%
8 Topaz Energy Corp. 4.20%
9 Guardian Capital Group 4.10%
10 Medtronic plc 4.00%
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