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Middlefield High Interest Income Class Series A

Cdn Short Term Fixed Inc

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2024)
$13.27
Change
$0.00 (0.01%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

Middlefield High Interest Income Class Series A

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Fund Returns

Inception Return (June 11, 2004): 1.42%

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 0.38% 0.78% 2.39% 2.02% 4.54% 4.17% 2.87% 2.18% 2.04% 1.93% 1.81% 1.63% 1.51% 1.43%
Benchmark 0.86% 1.00% 2.40% 0.91% 4.58% 2.58% 0.36% 0.62% 1.27% 1.72% 1.37% 1.41% 1.39% 1.57%
Category Average 0.77% 2.58% 2.58% 0.94% 4.50% 2.46% 0.17% 0.73% 1.05% 1.35% 1.06% 1.08% 0.98% 1.03%
Category Rank 297 / 318 254 / 315 187 / 282 53 / 282 170 / 272 35 / 260 16 / 244 32 / 229 38 / 221 77 / 207 57 / 195 69 / 180 67 / 166 69 / 150
Quartile Ranking 4 4 3 1 3 1 1 1 1 2 2 2 2 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.18% 0.35% 0.38% 0.40% 0.37% 0.40% 0.37% 0.85% 0.37% -0.08% 0.48% 0.38%
Benchmark -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86%

Best Monthly Return Since Inception

0.85% (January 2024)

Worst Monthly Return Since Inception

-0.20% (June 2004)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.70% 0.62% 0.43% 0.71% 1.26% 1.68% 0.45% 0.28% 1.93% 4.52%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 4 4 2 2 4 4 1 1 3
Category Rank 136/ 140 125/ 161 136/ 174 65/ 182 86/ 202 203/ 218 223/ 228 37/ 234 1/ 248 194/ 262

Best Calendar Return (Last 10 years)

4.52% (2023)

Worst Calendar Return (Last 10 years)

0.28% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.00

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 100.00

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Middlefield High Interest Income Class Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 0.73% 0.67% 0.53%
Beta 0.08% 0.05% 0.04%
Alpha 0.03% 0.02% 0.01%
Rsquared 0.09% 0.03% 0.02%
Sharpe -0.06% -0.02% -0.04%
Sortino -0.33% -1.61% -2.48%
Treynor -0.01% 0.00% -0.01%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.73% 0.73% 0.67% 0.53%
Beta -0.04% 0.08% 0.05% 0.04%
Alpha 0.05% 0.03% 0.02% 0.01%
Rsquared 0.02% 0.09% 0.03% 0.02%
Sharpe -0.54% -0.06% -0.02% -0.04%
Sortino 4.30% -0.33% -1.61% -2.48%
Treynor 0.09% -0.01% 0.00% -0.01%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

Fund Details

Start Date June 11, 2004
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $3

Fund Codes

FundServ Code Load Code Sales Status
MID400
MID424
MID425

Investment Objectives

The Fund's objective is to provide a high level of interest income, while emphasizing capital preservation and liquidity. The Fund invests in high quality fixed income securities, with maturities of generally not more than three years, including treasury bills and other short-term debt instruments. Investments are predominantly issued or guaranteed by federal or provincial governments, banks, or trust and loan companies, and may also include high grade commercial paper issued by corporations.

Investment Strategy

The Fund follows a philosophy of cost minimization in order to maximize returns. The securities in which the Fund invests are high quality short-term instruments such as government guaranteed securities, bankers’ acceptances and corporate paper. Cost minimization is achieved through low management fees and low investment turnover as investments are generally held to maturity.

Portfolio Manager(s)

Name Start Date
Robert F. Lauzon 06-11-2004

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 and Touche LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 100

Fees

MER 0.69%
Management Fee 0.50%
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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