TORONTO, Nov. 6, 2026 – Middlefield is pleased to announce that it has been recognized as a 2026 LSEG Lipper Fund Awards Canada Active Winner, receiving four awards across three of its investment funds: Middlefield Real Estate Dividend ETF, Middlefield Real Estate Dividend Class Series F, and Middlefield U.S. Equity Dividend ETF.
Middlefield’s 2026 award wins include:
• LSEG Lipper Fund Awards 2026 Canada Active Winner, Middlefield Real Estate Dividend ETF, Best Real Estate Equity Fund Over 3 Years.
• LSEG Lipper Fund Awards 2026 Canada Active Winner, Middlefield Real Estate Dividend ETF, Best Real Estate Equity Fund Over 5 Years.
• LSEG Lipper Fund Awards 2026 Canada Active Winner, Middlefield Real Estate Dividend Class Series F, Best Real Estate Equity Fund Over 10 Years.
• LSEG Lipper Fund Awards 2026 Canada Active Winner, Middlefield U.S. Equity Dividend ETF, Best US Dividend & Income Equity Fund Over 3 Years.
Middlefield Real Estate Dividend ETF was awarded Best Real Estate Equity Fund over three and five years, while Middlefield Real Estate Dividend Class Series F received Best Real Estate Equity Fund over 10 years. Middlefield U.S. Equity Dividend ETF was also recognized as Best US Dividend & Income Equity Fund over three years. These awards highlight the funds’ consistent ability to deliver superior, risk-adjusted performance relative to peers.
The four awards were received in the Canada Active category, with the winning funds evaluated against 18, 17, 13 and 26 funds in their respective classifications and evaluation periods.
The LSEG Lipper Fund Awards are recognized globally for identifying top-performing funds and investment firms based on independent research and rigorous methodology. With over five decades of fund data and proprietary analysis, LSEG Lipper serves as a trusted benchmark of excellence in the investment management industry.
“We are honoured to receive four 2026 LSEG Lipper Fund Awards,” said Dean Orrico, President and CEO of Middlefield. “This recognition reflects the dedication of our investment team and the strength of our disciplined, high-conviction approach to active management. Through careful security selection, sector positioning and risk management, we’ve been able to navigate challenging markets and deliver competitive performance and dependable income for investors over the short and long term”.
“The 2026 LSEG Lipper Fund Awards mark another volatile three-year stretch for global markets. The managers we’re recognizing have guided investors through an environment where base rates have spiked, then diverged, as central banks navigated new and challenging inflationary landscapes, alongside uneven global growth, and heightened geopolitical risk.-year stretch for global markets. Whether managers entered the market in the era of easy money or have navigated cycles for decades, the recent period made one thing plain: durable results come from a disciplined process, not prediction. We applaud the 2026 LSEG Lipper Fund Award winners for delivering outperformance and the steady reassurance of consistency through changing market conditions,” said Otto Christian Kober, Head of Lipper Research, LSEG Data & Analytics.
About the Award-Winning Funds
Middlefield Real Estate Dividend ETF
Middlefield Real Estate Dividend ETF is an actively managed, diversified fund designed to provide investors with low-cost exposure to the global real estate sector.
Middlefield Real Estate Dividend Class Series F
Middlefield Real Estate Dividend Class is designed to provide investors with stable monthly income and long-term capital appreciation by investing in a diversified portfolio of high-quality global real estate companies. Since its launch in 2011, the Fund has taken an active management approach, leveraging Middlefield’s real estate expertise to identify leading real estate businesses with growing cash flows and increasing dividends.
Middlefield U.S. Equity Dividend ETF
Middlefield U.S. Equity Dividend ETF seeks to provide competitive long-term total returns by investing in dividend-paying securities of U.S.-based companies primarily operating in the consumer, financials, industrials and information technology sectors as well as other industries which are benefiting from the positive fundamentals in the U.S. economy.
For any questions or media requests, please contact Makayla Howe at mhowe@middlefield.com.
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About Middlefield
Founded in 1979, Middlefield is an independent, income-focused asset manager with offices in Toronto, Canada and London, England. For more than four decades, we have helped investors generate income and build wealth through active management and disciplined risk management. Today, Middlefield offers a growing range of investment strategies across global fixed income and equities, delivered through Canadian and European exchange-traded funds, mutual funds and alternative investment solutions for individual and institutional investors. Supported by an experienced investment team and a culture of independent thinking, Middlefield seeks to deliver attractive risk-adjusted returns, sustainable income and long-term capital appreciation across market cycles.
About LSEG Lipper Fund Awards
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For greater detail on the LSEG Lipper Fund Awards and Lipper Leader Ratings, including the rating methodology, please visit lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper.
The 2026 Awards were based on best risk-adjusted performance for the periods ended July 31, 2026.
Performance for Funds: Middlefield Real Estate Dividend ETF was awarded the LSEG Lipper Fund Award in the Real Estate Equity category for the three and five-year periods ending July 31, 2026, out of a classification total of 18 and 17 funds, respectively. Performance for the Fund for the period ending July 31, 2026, is as follows: 20.0% (1 year), 12.9% (3 years), 5.0% (5 years), 7.0% (10 years) and 8.2% (since inception – April 20, 2011). The corresponding LSEG Lipper Leader ratings of the Fund as of July 31, 2026, are as follows: 5 (3 years), 5 (5 years) and 5 (10 years). Middlefield Real Estate Dividend Class Series F was awarded the LSEG Lipper Fund Award in the Real Estate Equity category for the ten-year period ending July 31, 2026, out of a classification total of 13 funds, respectively. Performance for the Fund for the period ending July 31, 2026, is as follows: 19.5% (1 year), 12.6% (3 years), 5.0% (5 years), 7.4% (10 years) and 9.6% (since inception – September 30, 2011). The corresponding LSEG Lipper Leader ratings of the Fund as of July 31, 2026, are as follows: 5 (3 years), 5 (5 years) and 5 (10 years). Middlefield U.S. Equity Dividend ETF was awarded the LSEG Lipper Fund Award in the U.S. Dividend & Income Equity category for the three-year period ending July 31, 2026, out of a classification total of 26 funds. Performance for the Fund for the period ending July 31, 2026, is as follows: 29.7% (1 year), 25.1% (3 year), 14.4% (5 year), 14.3% (10 year) and 13.3% (since inception – December 19, 2013). The corresponding LSEG Lipper Leader ratings of the Fund as of July 31, 2026, are as follows: 5 (3 years), 4 (5 year) and 4 (10 year).
About Lipper Leader Ratings: The highest 20% of funds in each category are named LSEG Lipper Leaders for that particular rating and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The Lipper Leader Ratings for each fund are subject to change every month.
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