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
April 30, 2023 2.30% -0.74% 2.30% 3.40% 1.52% 9.20% 7.00% 5.85% 8.04% -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
April 30, 2023 2.39% -0.47% 2.87% 3.80% 2.68% 10.42% 8.19% 7.01% 6.79% 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
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
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

Distributions (Series F)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
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
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

Fund Details

Sector Allocation (%)

As Of April 28, 2023
Energy 18.30%
Healthcare 15.60%
Debt 11.60%
Utilities 11.20%
Technology 11.00%
Real Estate 9.40%
Financials 8.50%
Industrials 6.30%
Pipelines 5.10%
Private Infrastructure 2.70%
Gold 0.10%
Metals & Mining 0.10%
Uranium 0.10%
Precious Metals & Minerals 0.00%

Geographic Allocation (%)

As Of April 28, 2023
Canada 57.60%
U.S. 42.40%
International 0.00%

Top 10 Holdings

1 Middlefield Healthcare Dividend ETF 7.90%
2 MORGAN STANLEY 4.40%
3 Canadian Natural Resources Limited 4.30%
4 SMITH & NEPHEW PLC SPONSORED ADR NEW 4.10%
5 Guardian Capital Group 4.10%
6 TransAlta Corporation 4.00%
7 Microsoft Corp. 3.90%
8 Tourmaline Oil Corp. 3.80%
9 Topaz Energy Corp. 3.60%
10 Medtronic plc 3.50%
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