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Middlefield U.S. Equity Dividend Class Series A

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U.S. Div & Inc Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-01-2024) 		$18.18
Change
-$0.12 (-0.67%)

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Middlefield U.S. Equity Dividend Class Series A

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Fund Returns

Inception Return (May 13, 2014): 9.44%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 2.56% 14.80% 25.56% 14.80% 29.08% 9.23% 10.18% 15.28% 13.23% 11.30% 9.84% 10.42% 8.68% -
Benchmark 3.07% 13.26% 23.76% 13.26% 30.04% 14.00% 14.30% 19.94% 15.37% 15.05% 14.39% 15.08% 13.81% 15.28%
Category Average - - - - - - - - - - - - - -
Category Rank 172 / 227 10 / 227 5 / 227 10 / 227 5 / 219 115 / 216 98 / 212 127 / 210 9 / 195 38 / 171 43 / 142 50 / 119 56 / 106 -
Quartile Ranking 4 1 1 1 1 3 2 3 1 1 2 2 3 -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.02% 1.02% 2.35% 1.41% 2.05% -4.88% -0.40% 6.72% 2.90% 5.63% 5.97% 2.56%
Benchmark 1.90% 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07%

Best Monthly Return Since Inception

9.02% (July 2022)

Worst Monthly Return Since Inception

-10.91% (April 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 17.94% 1.04% 0.84% -4.91% 17.41% 25.26% 24.58% -20.53% 19.21%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average - - - - - - - - - -
Quartile Ranking - 1 4 4 3 4 1 2 4 1
Category Rank - 11/ 101 114/ 119 140/ 142 120/ 170 151/ 195 2/ 210 76/ 212 214/ 215 5/ 216

Best Calendar Return (Last 10 years)

25.26% (2020)

Worst Calendar Return (Last 10 years)

-20.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 79.78
International Equity 13.92
Cash and Equivalents 5.81
Income Trust Units 0.48
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 35.02
Financial Services 12.68
Healthcare 12.38
Consumer Services 10.36
Industrial Goods 7.31
Other 22.25

Geographic Allocation

Geographic Allocation
Name Percent
North America 86.08
Europe 11.73
Asia 2.19

Top Holdings

Top Holdings
Name Percent
Middlefield U.S. Equity Dividend ETF (MUSA) 98.80
Cash and Cash Equivalents 1.20

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Middlefield U.S. Equity Dividend Class Series A

Median

Other - U.S. Div & Inc Equity

3 Yr Annualized

Standard Deviation 16.18% 14.83% -
Beta 1.07% 0.96% -
Alpha -0.04% -0.01% -
Rsquared 0.90% 0.87% -
Sharpe 0.52% 0.79% -
Sortino 0.71% 1.07% -
Treynor 0.08% 0.12% -
Tax Efficiency 88.16% 91.62% -
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 -

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 10.82% 16.18% 14.83% -
Beta 0.95% 1.07% 0.96% -
Alpha 0.01% -0.04% -0.01% -
Rsquared 0.86% 0.90% 0.87% -
Sharpe 1.99% 0.52% 0.79% -
Sortino 4.51% 0.71% 1.07% -
Treynor 0.23% 0.08% 0.12% -
Tax Efficiency 95.53% 88.16% 91.62% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date May 13, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $13

Fund Codes

FundServ Code Load Code Sales Status
MID710
MID719
MID720

Investment Objectives

The Fund’s objective is to maximize long-term total return. The Fund invests primarily in equity and fixed income securities.

Investment Strategy

The Fund will invest primarily in the securities of US issuers. In determining which individual investments to include in the portfolio the Manager will consider: a company’s balance sheet, cash flow characteristics, profitability, industry position, future growth potential and management ability. The investment strategy follows strong disciplines with regard to price paid to acquire portfolio investments.

Portfolio Manager(s)

Name Start Date
Robert F. Lauzon 12-08-2020
Shane Obata 01-14-2021

Management and Organization

Fund Manager Middlefield Limited (ML)
Advisor Middlefield Capital Corporation (MCC)
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor Middlefield Capital Corporation (MCC)
Auditor Deloitte & Touche LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 100

Fees

MER 3.17%
Management Fee 2.00%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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