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Middlefield INDEXPLUS Income Fund Series A

Canadian Div & Inc Equity

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(05-24-2024)
$10.61
Change
$0.06 (0.55%)

As at April 30, 2024

Period
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Legend

Middlefield INDEXPLUS Income Fund Series A

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Fund Returns

Inception Return (August 15, 2003): 7.79%

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 -1.68% 2.87% 9.82% 2.51% 4.05% -2.31% 4.17% 7.95% 4.94% 5.15% 4.26% 5.21% 3.00% 2.44%
Benchmark -1.82% 4.10% 16.91% 4.68% 8.73% 5.66% 7.59% 13.51% 8.86% 8.98% 8.12% 8.95% 7.25% 7.22%
Category Average -2.46% 13.80% 13.80% 2.75% 4.32% 2.34% 6.15% 11.60% 6.61% 6.96% 6.02% 7.02% 5.79% 5.72%
Category Rank 104 / 457 204 / 454 422 / 449 320 / 449 301 / 444 412 / 433 379 / 407 368 / 392 343 / 384 326 / 356 312 / 337 287 / 313 259 / 264 248 / 252
Quartile Ranking 1 2 4 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.93% 2.00% 4.39% -2.05% -2.95% -3.56% 3.65% 3.36% -0.35% 0.77% 3.83% -1.68%
Benchmark -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82%

Best Monthly Return Since Inception

11.39% (May 2009)

Worst Monthly Return Since Inception

-13.72% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.04% -15.82% 19.37% 4.74% -12.27% 21.78% -4.21% 24.81% -5.08% 3.36%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 8.23% -6.21% 17.48% 7.25% -7.75% 18.42% -1.18% 26.41% -3.72% 7.17%
Quartile Ranking 4 4 2 4 4 1 4 4 3 4
Category Rank 232/ 240 258/ 263 116/ 299 253/ 330 336/ 355 49/ 377 325/ 392 307/ 404 304/ 427 411/ 438

Best Calendar Return (Last 10 years)

24.81% (2021)

Worst Calendar Return (Last 10 years)

-15.82% (2015)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

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 12.12% 12.48% 10.98%
Beta 0.82% 0.71% 0.77%
Alpha -0.02% -0.01% -0.03%
Rsquared 0.81% 0.80% 0.80%
Sharpe 0.17% 0.29% 0.15%
Sortino 0.20% 0.28% 0.00%
Treynor 0.03% 0.05% 0.02%
Tax Efficiency 48.13% 54.16% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 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 10.37% 12.12% 12.48% 10.98%
Beta 0.74% 0.82% 0.71% 0.77%
Alpha -0.02% -0.02% -0.01% -0.03%
Rsquared 0.85% 0.81% 0.80% 0.80%
Sharpe -0.03% 0.17% 0.29% 0.15%
Sortino 0.22% 0.20% 0.28% 0.00%
Treynor 0.00% 0.03% 0.05% 0.02%
Tax Efficiency 42.02% 48.13% 54.16% -

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) $7

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 & 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 2.10%
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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