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:
    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 2021 2020 2019 2018
December 31, 2022 -4.56% 3.46% 2.66% -0.79% -0.79% 6.04% 5.42% 5.85% 8.00% 29.43% -7.15% 19.28% -8.42%

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 -4.48% 3.73% 3.27% 0.31% 0.31% 7.20% 6.59% 7.02% 6.65% 30.87% -6.15% 20.62% -7.41%

Distributions (Series A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.075
November 29, 2022 November 30, 2022 0.075
October 28, 2022 October 31, 2022 0.075
September 29, 2022 September 30, 2022 0.075
August 30, 2022 August 31, 2022 0.075
July 28, 2022 July 29, 2022 0.075
June 29, 2022 June 30, 2022 0.075
May 30, 2022 May 31, 2022 0.075
April 28, 2022 April 29, 2022 0.075
March 30, 2022 March 31, 2022 0.075

Distributions (Series F)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.075
November 29, 2022 November 30, 2022 0.075
October 28, 2022 October 31, 2022 0.075
September 29, 2022 September 30, 2022 0.075
August 30, 2022 August 31, 2022 0.075
July 28, 2022 July 29, 2022 0.075
June 29, 2022 June 30, 2022 0.075
May 30, 2022 May 31, 2022 0.075
April 28, 2022 April 29, 2022 0.075
March 30, 2022 March 31, 2022 0.075

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Energy 18.10%
Financials 15.90%
Healthcare 9.80%
Utilities 9.80%
Real Estate 9.50%
Technology 8.50%
Industrials 7.40%
Pipelines 3.70%
Gold 0.00%
Metals & Mining 0.00%
Uranium 0.00%

Geographic Allocation (%)

As Of December 31, 2022
Canada 62.70%
U.S. 37.30%
International 0.00%

Top 10 Holdings

1 Middlefield Healthcare Dividend ETF 9.80%
2 Topaz Energy Corp. 4.40%
3 Guardian Capital Group 4.30%
4 MORGAN STANLEY 4.10%
5 Canadian Natural Resources Limited 4.00%
6 Tourmaline Oil Corp. 3.90%
7 TransAlta Corporation 3.90%
8 Enbridge Inc. 3.70%
9 Regions Financial Corporation 3.60%
10 Boardwalk REIT 3.50%
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