MIDDLEFIELD GLOBAL INFRASTRUCTURE FUND
Summary of Investment Portfolio as at September 30, 2022
 
  Top Twenty-Five Holdings *  
    Description % of
Net Asset Value
 
  1. Middlefield Sustainable Infrastructure Dividend ETF 19.1%  
  2. Topaz Energy Corp. 4.8%  
  3. Enphase Energy Inc. 4.5%  
  4. Enbridge Inc. 4.5%  
  5. Boardwalk Real Estate Investment Trust 4.5%  
  6. Ferrovial SA 4.4%  
  7. Capital Power Corp. 4.3%  
  8. Union Pacific Corp. 4.1%  
  9. TransAlta Corporation 3.9%  
  10. Keyera Corp. 3.9%  
  11. Crown Castle Inc. 3.7%  
  12. Gibson Energy Inc. 3.5%  
  13. Anaergia Inc. 3.1%  
  14. Westshore Terminals Investment Corp. 3.1%  
  15. NextEra Energy Inc. 2.5%  
  16. AltaGas Ltd. 2.4%  
  17. Tidewater Renewables Ltd. 2.2%  
  18. AES Corporation 2.1%  
  19. Boralex Inc. 2.0%  
  20. Brookfield Renewable Partners LP 2.0%  
  21. Northland Power Inc. 1.9%  
    "Top Twenty-Five Holdings" excludes any temporary cash investments
* The Fund has only twenty one holdings.
 
 
    Asset Class % of
Net Asset Value
 
    Utilities 21.2%  
    Exchange Traded Fund(s) 19.1%  
    Industrials 14.6%  
    Pipelines 12.0%  
    Real Estate 8.1%  
    Energy 7.0%  
    Technology 4.5%  
    Cash and Short-Term Investments 20.1%  
    Other Assets (Liabilities) -6.6%  
    100.0%  
    Total Net Asset Value $21,719,227  
    Total Assets $23,253,123  
  The Summary of Investment Portfolio may change due to ongoing portfolio transactions. The Prospectus of any investment funds owned by the Fund can be found online at www.sedar.com. Updates to this Summary of Investment Portfolio are posted to www.middlefield.com.