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Middlefield INDEXPLUS Income Fund Series A

Canadian 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
(02-14-2025)
$11.67
Change
-$0.09 (-0.75%)

As at January 31, 2025

As at January 31, 2025

As at December 31, 2024

Period
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Legend

Middlefield INDEXPLUS Income Fund Series A

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Fund Returns

Inception Return (August 15, 2003): 8.36%

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 -2.16% 3.04% 12.31% -2.16% 21.87% 9.50% 5.93% 9.93% 6.91% 8.27% 6.51% 6.10% 7.46% 4.88%
Benchmark 3.48% 6.47% 12.11% 3.48% 25.19% 14.44% 9.97% 13.55% 11.45% 12.03% 10.30% 9.84% 11.29% 8.96%
Category Average 2.41% 3.55% 7.87% 2.41% 17.87% 9.53% 6.40% 11.46% 8.52% 9.17% 7.73% 7.50% 8.71% 7.06%
Category Rank 475 / 475 343 / 475 4 / 472 475 / 475 73 / 467 295 / 453 351 / 445 361 / 416 359 / 408 316 / 394 330 / 372 311 / 348 274 / 321 260 / 281
Quartile Ranking 4 3 1 4 1 3 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Fund 0.77% 3.83% -1.69% 2.48% -1.54% 4.55% 2.95% 3.77% 2.01% 4.82% 0.47% -2.16%
Benchmark 1.82% 4.14% -1.82% 2.77% -1.42% 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48%

Best Monthly Return Since Inception

11.39% (May 2009)

Worst Monthly Return Since Inception

-13.72% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -15.82% 19.37% 4.74% -12.27% 21.78% -4.21% 24.81% -5.08% 3.36% 24.13%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average -6.21% 17.48% 7.25% -7.75% 18.42% -1.18% 26.41% -3.72% 7.17% 15.51%
Quartile Ranking 4 2 4 4 1 4 3 3 4 1
Category Rank 275/ 280 119/ 316 269/ 347 353/ 372 56/ 394 341/ 408 312/ 416 317/ 440 422/ 452 5/ 462

Best Calendar Return (Last 10 years)

24.81% (2021)

Worst Calendar Return (Last 10 years)

-15.82% (2015)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 78.40
Income Trust Units 15.18
Cash and Equivalents 4.44
US Equity 1.88
International Equity 0.10

Sector Allocation

Sector Allocation
Name Percent
Financial Services 26.98
Energy 24.35
Utilities 14.74
Real Estate 11.87
Cash and Cash Equivalent 4.44
Other 17.62

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.72
Latin America 5.17
Europe 0.10
Other 0.01

Top Holdings

Top Holdings
Name Percent
Middlefield Real Estate Dividend ETF (MREL) 9.21
SECURE WASTE INFRASTRUCTURE CORP 5.70
Topaz Energy Corp 5.34
Bank of Montreal 5.11
Royal Bank of Canada 5.04
Sun Life Financial Inc 4.97
Tourmaline Oil Corp 4.71
National Bank of Canada 4.59
Enbridge Inc 4.47
Keyera Corp 4.40

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 INDEXPLUS Income Fund Series A

Median

Other - Canadian Div & Inc Equity

3 Yr Annualized

Standard Deviation 12.31% 12.78% 11.00%
Beta 0.77% 0.70% 0.75%
Alpha -0.02% -0.01% -0.02%
Rsquared 0.77% 0.77% 0.78%
Sharpe 0.23% 0.41% 0.34%
Sortino 0.40% 0.48% 0.30%
Treynor 0.04% 0.07% 0.05%
Tax Efficiency 62.75% 67.48% 51.91%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.62% 12.31% 12.78% 11.00%
Beta 0.57% 0.77% 0.70% 0.75%
Alpha 0.07% -0.02% -0.01% -0.02%
Rsquared 0.46% 0.77% 0.77% 0.78%
Sharpe 1.86% 0.23% 0.41% 0.34%
Sortino 4.84% 0.40% 0.48% 0.30%
Treynor 0.28% 0.04% 0.07% 0.05%
Tax Efficiency 89.19% 62.75% 67.48% 51.91%

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.

Fund Details

Start Date August 15, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $8

Fund Codes

FundServ Code Load Code Sales Status
MID435
MID437
MID440

Investment Objectives

The Fund’s objectives are to (a) pay monthly distributions to unitholders, (b) outperform the S&P/TSX Composite High Dividend Index or any other index selected in accordance with the declaration of trust governing the Fund (the “Index”), and (c) return to unitholders upon the termination of the Fund at least the original subscription price of the units from the initial public offering of the Fund (being $10.00 per unit).

Investment Strategy

The Fund may invest in (i) a diversified portfolio of securities which may consist of securities of issuers that are constituents of the Index in the same proportion, to the extent possible, as they comprise the Index (the “Index Portfolio”), and (ii) a diversified portfolio of securities that is actively managed by the Investment Advisor, which may be comprised of securities of issuers that are included in the Index and securities of other issuers, as permitted by NI 81-102.

Portfolio Manager(s)

Name Start Date
Dean C. Orrico 12-08-2020
Robert F. Lauzon 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 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 2.12%
Management Fee 1.50%
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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