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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 Tax Reporting NAV Fact Sheet Press Releases Prospectus (English) Prospectus (French) All Fund Documents

Featured Insights

Equity Income Related Company Insights

Dividend Investing Primer

Income Investing with Middlefield

December 2024 Market Commentary

Insights from Middlefield’s 2024 Due Diligence Event

Enbridge Fireside Chat with Gregory L. Ebel and Robert Lauzon

BNN Bloomberg’s Market Call: Robert Lauzon – March 25, 2024 (Full Interview)

Why the Stage is Set for Dividend-Paying Equities

Rob Lauzon’s 2024 Outlook for Oil – BNN Bloomberg: Commodities

Enbridge CFO Fireside Chat with Vern D. Yu and Rob Lauzon (VIDEO)

Sustainable Infrastructure Stocks to Buy in 2023: Robert F. Lauzon – BNN Bloomberg Hot Picks

Robert F. Lauzon – Wealth Professional Leader Profile

View All

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 2023 2022 2021 2020 2019
December 31, 2024 0.49% 7.46% 20.04% 24.13% 24.13% 6.78% 7.79% 5.05% 8.49% 3.33% -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 2023 2022 2021 2020 2019
December 31, 2024 0.52% 7.72% 20.62% 25.48% 25.48% 7.97% 8.97% 5.91% 8.91% 4.45% -3.97% 26.10% -3.19% 23.19%

Distributions (Series A)

Total NAV & Distributions (since inception)  
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2024 December 31, 2024 0.05
November 28, 2024 November 29, 2024 0.05
October 30, 2024 October 31, 2024 0.05
September 27, 2024 September 30, 2024 0.05
August 29, 2024 August 30, 2024 0.05
July 30, 2024 July 31, 2024 0.05
June 27, 2024 June 28, 2024 0.05
May 30, 2024 May 31, 2024 0.05
April 29, 2024 April 30, 2024 0.05
March 27, 2024 March 28, 2024 0.05
February 28, 2024 February 29, 2024 0.05
January 30, 2024 January 31, 2024 0.05
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 28, 2023 December 29, 2023 0.05
November 29, 2023 November 30, 2023 0.05
October 30, 2023 October 31, 2023 0.05
September 28, 2023 September 29, 2023 0.05
August 30, 2023 August 31, 2023 0.05
July 28, 2023 July 31, 2023 0.05
June 29, 2023 June 30, 2023 0.05
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
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
February 25, 2022 February 28, 2022 0.05
January 28, 2022 January 31, 2022 0.05
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2021 December 31, 2021 0.05
November 29, 2021 November 30, 2021 0.05
October 28, 2021 October 29, 2021 0.05
September 29, 2021 September 30, 2021 0.05
August 30, 2021 August 31, 2021 0.05
July 29, 2021 July 30, 2021 0.05
June 29, 2021 June 30, 2021 0.05
May 28, 2021 May 31, 2021 0.05
April 29, 2021 April 30, 2021 0.05
March 30, 2021 March 31, 2021 0.05
February 25, 2021 February 26, 2021 0.05
January 28, 2021 January 29, 2021 0.05
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2020 December 31, 2020 0.05
November 27, 2020 November 30, 2020 0.05
October 29, 2020 October 30, 2020 0.05
September 29, 2020 September 30, 2020 0.05
August 28, 2020 August 31, 2020 0.05
July 30, 2020 July 31, 2020 0.05
June 29, 2020 June 30, 2020 0.05
May 28, 2020 May 29, 2020 0.05
April 29, 2020 April 30, 2020 0.05
March 30, 2020 March 31, 2020 0.05
February 27, 2020 February 28, 2020 0.05
January 30, 2020 January 31, 2020 0.05

Distributions (Series F)

Total NAV & Distributions (since inception)  
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2024 December 31, 2024 0.05
November 28, 2024 November 29, 2024 0.05
October 30, 2024 October 31, 2024 0.05
September 27, 2024 September 30, 2024 0.05
August 29, 2024 August 30, 2024 0.05
July 30, 2024 July 31, 2024 0.05
June 27, 2024 June 28, 2024 0.05
May 30, 2024 May 31, 2024 0.05
April 29, 2024 April 30, 2024 0.05
March 27, 2024 March 28, 2024 0.05
February 28, 2024 February 29, 2024 0.05
January 30, 2024 January 31, 2024 0.05
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 28, 2023 December 29, 2023 0.05
November 29, 2023 November 30, 2023 0.05
October 30, 2023 October 31, 2023 0.05
September 28, 2023 September 29, 2023 0.05
August 30, 2023 August 31, 2023 0.05
July 28, 2023 July 31, 2023 0.05
June 29, 2023 June 30, 2023 0.05
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
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
February 25, 2022 February 28, 2022 0.05
January 28, 2022 January 31, 2022 0.05
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2021 December 31, 2021 0.05
November 29, 2021 November 30, 2021 0.05
October 28, 2021 October 29, 2021 0.05
September 29, 2021 September 30, 2021 0.05
August 30, 2021 August 31, 2021 0.05
July 29, 2021 July 30, 2021 0.05
June 29, 2021 June 30, 2021 0.05
May 28, 2021 May 31, 2021 0.05
April 29, 2021 April 30, 2021 0.05
March 30, 2021 March 31, 2021 0.05
February 25, 2021 February 26, 2021 0.05
January 28, 2021 January 29, 2021 0.05
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2020 December 31, 2020 0.05
November 27, 2020 November 30, 2020 0.05
October 29, 2020 October 30, 2020 0.05
September 29, 2020 September 30, 2020 0.05
August 28, 2020 August 31, 2020 0.05
July 30, 2020 July 31, 2020 0.05
June 29, 2020 June 30, 2020 0.05
May 28, 2020 May 29, 2020 0.05
April 29, 2020 April 30, 2020 0.05
March 30, 2020 March 31, 2020 0.05
February 27, 2020 February 28, 2020 0.05
January 30, 2020 January 31, 2020 0.05

Fund Details

Sector Allocation (%)

As Of December 31, 2024
Financials 27.00%
Utilities 24.10%
Energy 16.60%
Pipelines 15.00%
Real Estate 9.10%
Consumer Discretionary 4.60%
Materials 3.60%

Geographic Allocation (%)

As Of December 31, 2024
Canada 100.00%
U.S. 0.00%
International 0.00%

Top 10 Holdings

1 Middlefield Real Estate Dividend ETF 9.10%
2 TransAlta Corporation 6.90%
3 Capital Power 6.40%
4 SECURE ENERGY SERVICES INC COMMON 6.10%
5 Altagas Ltd. 5.90%
6 Topaz Energy Corp. 5.80%
7 Royal Bank Of Canada 5.70%
8 National Bank of Canada 5.50%
9 Enbridge Inc. 5.00%
10 Sun Life Financial 5.00%
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