Middlefield International Clean Power Dividend Fund

Fund Description

The Fund invests in a portfolio of renewable power leaders and disruptors positioned to benefit from increasing demand stemming from the ongoing reduction in cost, as well as the growing political, corporate and societal support for renewable power.

Key Reasons to Invest:

  • exposure to an actively managed fund providing tax-efficient distributions focused on the real estate and infrastructure sectors
  • a high conviction portfolio of renewable power companies including hydro, wind and solar, many of whom operate in regulated frameworks with long-term contracted cash flows. The Fund also includes exposure to emerging and disruptive technologies in the clean energy sector e.g., hydrogen and battery storage
  • portfolio companies are selected with an emphasis on environmental, social and governance factors to complement rigorous fundamental analysis

CLP.UN 

Closing price  Ways To Invest Fact Sheet Prospectus (English) Prospectus (French) All Fund Documents

Fund Overview

  • Ticker/CUSIP:
    CLP.UN/459275103
  • Inception Date:
    March 18, 2021
  • Monthly Distribution:
    $0.04170
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    1.25%
  • Risk Rating:
    Not Rating
  • Exchange:
    Toronto Stock Exchange

Fund Managers

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

Performance

 
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 -1.09% 5.19% 8.07% -8.29% -8.29% - - - -5.12% - - - -

Distributions

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
March 31, 2023 April 14, 2023 0.04167
February 28, 2023 March 15, 2023 0.04167
January 31, 2023 February 15, 2023 0.04167
December 31, 2022 January 13, 2023 0.04167
November 30, 2022 December 15, 2022 0.04167
October 31, 2022 November 15, 2022 0.04167
September 30, 2022 October 14, 2022 0.04167
August 31, 2022 September 15, 2022 0.04167
July 31, 2022 August 15, 2022 0.04167
June 30, 2022 July 15, 2022 0.04167

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Utilities 71.20%
Industrials 12.70%
Energy 5.60%
Technology 5.00%
Materials 3.80%
Consumer Discretionary 1.70%

Geographic Allocation (%)

As Of December 31, 2022
Canada 31.80%
U.S. 27.20%
International 40.90%

Top 10 Holdings

1 Drax Group plc 5.30%
2 RWE AG 5.20%
3 AES Corporation 4.80%
4 Altagas Ltd. 4.70%
5 SSE plc 4.60%
6 Nextera Energy Inc. 4.50%
7 TransAlta Corporation 4.40%
8 Linde plc 3.80%
9 Boralex Inc. 3.60%
10 Innergex Renewable Energy 3.50%
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