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Middlefield INDEXPLUS Income Fund

Fund Description

The Fund invests in a diversified portfolio of equity income securities of which a portion tracks the S&P/TSX Composite High Dividend Index. The remainder of the portfolio is actively managed to enhance returns and reduce the risks associated with indexing while maintaining low-cost exposure to the underlying equity income market.

The S&P/TSX Composite High Dividend Index is a strategy index consisting of 50 to 75 stocks selected from the S&P/TSX Composite Index focusing on dividend income. The index is market-capitalization weighted, with stocks capped at 5% and each sector capped at 30%. The index rebalances quarterly on the same schedule as the S&P/TSX Composite Index.

Key Reasons to Invest:

  • exposure to a portfolio which is designed to enhance returns and reduce the risks associated with indexing while providing tax efficient monthly distributions
  • a portfolio focused on high-quality large-cap companies primarily in the utilities, financial and real estate sectors
  • focus on dividend-paying companies which benefit investors by dampening the volatility associated with investing in equities and provide a viable alternative to investors during both low and higher interest rate cycles

 

 

  Ways To Invest Fact Sheet Press Releases Prospectus (English) Prospectus (French) All Fund Documents

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Fund Overview

  • Fund Codes:
    FE: MID435 / F Series: MID436
  • Inception Date:
    August 15, 2003
  • Monthly Distribution:
    $0.05
  • 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
May 31, 2023 -2.93% -2.55% -6.38% -1.19% -12.79% 8.17% 4.51% 3.38% 7.78% -5.08% 24.78% -4.22% 21.76%

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 -2.89% -2.29% -5.87% -0.75% -11.78% 9.38% 5.66% 4.05% 8.13% -3.97% 26.10% -3.19% 23.19%

Distributions (Series A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
May 30, 2023 May 31, 2023 0.05
April 27, 2023 April 28, 2023 0.05
March 30, 2023 March 31, 2023 0.05
February 27, 2023 February 28, 2023 0.05
January 30, 2023 January 31, 2023 0.05
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

Distributions (Series F)

Total NAV & Distributions (since inception)  
Show More
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
May 30, 2023 May 31, 2023 0.05
April 27, 2023 April 28, 2023 0.05
March 30, 2023 March 31, 2023 0.05
February 27, 2023 February 28, 2023 0.05
January 30, 2023 January 31, 2023 0.05
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

Fund Details

Sector Allocation (%)

As Of April 28, 2023
Financials 21.10%
Utilities 20.10%
Energy 15.00%
Pipelines 14.80%
Real Estate 11.30%
Industrials 10.60%
Communication Services 3.90%
Materials 3.20%

Geographic Allocation (%)

As Of April 28, 2023
Canada 96.70%
U.S. 3.30%
International 0.00%

Top 10 Holdings

1 Middlefield Real Estate Dividend ETF 11.30%
2 TransAlta Corporation 5.00%
3 Capital Power 4.60%
4 National Bank of Canada 4.60%
5 Royal Bank Of Canada 4.60%
6 Altagas Ltd. 4.60%
7 Topaz Energy Corp. 4.40%
8 Enbridge Inc. 4.30%
9 Bank of Montreal 4.20%
10 Westshore Terminals Ltd. 4.10%
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