Middlefield Innovation Dividend Class

Fund Description

The Fund invests in a portfolio of dividend-paying securities of global issuers that derive a significant portion of their revenue or earnings from products or services related to major technological innovations.

Key Reasons to Invest:

  • exposure to an actively managed portfolio providing tax efficient monthly distributions and comprised of leading global technology companies
  • a high conviction portfolio of companies focused on artificial intelligence, software, e-commerce and online advertising
  • leading technology companies with disruptive technologies are benefiting consumers and driving increased efficiencies and cost savings among enterprises

 

Fund Overview

  • Fund Codes:
    FE: MID925 / F Series: MID926
  • Inception Date:
    May 31, 2022
  • Monthly Distribution:
    $0.02
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    A: 2.00% / F: 1.00%
  • Risk Rating:
    Medium

Fund Managers

Shane Obata
Portfolio Manager
Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer

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
April 30, 2024 -1.26% 9.00% 32.58% 15.58% 45.59% - - - 25.51% 42.76% - - -

Distributions (Series F)

Total NAV & Distributions (since inception)  
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
April 29, 2024 April 30, 2024 0.02
March 27, 2024 March 28, 2024 0.02
February 28, 2024 February 29, 2024 0.02
January 30, 2024 January 31, 2024 0.02
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 28, 2023 December 29, 2023 0.02
November 29, 2023 November 30, 2023 0.02
October 30, 2023 October 31, 2023 0.02
September 28, 2023 September 29, 2023 0.02
August 30, 2023 August 31, 2023 0.02
July 28, 2023 July 31, 2023 0.02
June 29, 2023 June 30, 2023 0.02
May 30, 2023 May 31, 2023 0.02
April 27, 2023 April 28, 2023 0.02
March 30, 2023 March 31, 2023 0.02
February 27, 2023 February 28, 2023 0.02
January 30, 2023 January 31, 2023 0.02
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.02
November 29, 2022 November 30, 2022 0.02
October 28, 2022 October 31, 2022 0.02
September 29, 2022 September 30, 2022 0.02
August 30, 2022 August 31, 2022 0.02
July 28, 2022 July 29, 2022 0.02
June 29, 2022 June 30, 2022 0.02

Fund Details

Sector Allocation (%)

As Of April 30, 2024
Technology 59.70%
Communication Services 18.60%
Consumer Discretionary 10.30%
Healthcare 6.70%
Industrials 4.70%

Geographic Allocation (%)

As Of April 30, 2024
Canada 4.60%
U.S. 95.40%
International 0.00%

Top 10 Holdings

1 NVIDIA Corp. 7.90%
2 Alphabet Inc. 7.80%
3 Amazon.com Inc. 6.50%
4 Broadcom Inc. 6.30%
5 Meta Platforms, Inc. 6.00%
6 Microsoft Corp. 5.20%
7 Apple Inc. 4.80%
8 Palo Alto Networks Inc. 4.70%
9 CONSTELLATION SOFTWARE INC 4.60%
10 Eli Lilly and Company 4.40%
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