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Middlefield Global Infrastructure Fund Series A

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Global Infrastruct Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-23-2025) 		$9.89
Change
$0.01 (0.13%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2014Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Jan …$10,000$20,000$12,500$15,000$17,500$22,500$8,000$9,000$11,000$12,000$13,000Period

Legend

Middlefield Global Infrastructure Fund Series A

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Fund Returns

Inception Return (June 12, 2013): 5.69%

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 -2.30% -3.55% -0.24% -5.32% 13.02% 8.59% 4.48% 4.40% 6.62% 4.19% 4.98% 4.48% 5.13% 3.91%
Benchmark -2.97% -7.99% 0.02% -4.37% 12.05% 15.36% 12.95% 8.94% 12.87% 10.21% 10.09% 9.79% 11.46% 10.10%
Category Average 0.02% 3.06% 5.25% 5.40% 20.05% 8.47% 7.00% 7.64% 8.40% 5.48% 6.10% 5.20% - -
Category Rank 128 / 147 144 / 145 138 / 143 142 / 143 125 / 140 73 / 137 107 / 130 100 / 106 86 / 98 90 / 92 68 / 78 64 / 75 71 / 71 49 / 49
Quartile Ranking 4 4 4 4 4 3 4 4 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%6%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 2.30% 0.54% 5.07% 2.21% 4.14% -1.51% 3.23% 2.07% -1.84% -1.31% 0.03% -2.30%
Benchmark 3.15% 2.29% 2.79% 0.04% 2.54% 0.69% 4.44% 0.14% 3.94% -1.04% -4.18% -2.97%

Best Monthly Return Since Inception

9.60% (July 2022)

Worst Monthly Return Since Inception

-12.67% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.87% -0.47% 9.22% -4.99% 22.44% -2.86% 12.07% -5.13% 0.99% 22.50%
Benchmark 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37% 26.84%
Category Average - - 10.97% -3.31% 19.09% -6.43% 11.71% 0.47% 2.25% 14.60%
Quartile Ranking 2 4 3 4 2 2 3 4 3 1
Category Rank 24/ 48 57/ 57 44/ 75 68/ 76 34/ 88 35/ 92 59/ 105 108/ 115 89/ 137 22/ 140

Best Calendar Return (Last 10 years)

22.50% (2024)

Worst Calendar Return (Last 10 years)

-5.13% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 31.55
International Equity 27.61
Income Trust Units 26.18
US Equity 10.87
Cash and Equivalents 3.78
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Real Estate 35.30
Energy 20.25
Utilities 16.49
Industrial Services 7.23
Mutual Fund 5.69
Other 15.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 72.39
Europe 19.12
Asia 4.37
Other 4.12

Top Holdings

Top Holdings
Name Percent
Enbridge Inc 4.78
AltaGas Ltd 4.65
Topaz Energy Corp 4.60
Hitachi Ltd 4.37
Gibson Energy Inc 4.33
Union Pacific Corp 4.25
Dream Industrial REIT - Units 4.23
Ferrovial SA 4.22
SECURE WASTE INFRASTRUCTURE CORP 4.12
Capital Power Corp 4.03

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return567891011121314151617-5%0%5%10%15%20%

Middlefield Global Infrastructure Fund Series A

Median

Other - Global Infrastruct Equity

3 Yr Annualized

Standard Deviation 11.67% 11.62% 11.06%
Beta 0.74% 0.72% 0.73%
Alpha -0.05% -0.02% -0.03%
Rsquared 0.60% 0.54% 0.62%
Sharpe 0.10% 0.40% 0.25%
Sortino 0.27% 0.54% 0.18%
Treynor 0.02% 0.06% 0.04%
Tax Efficiency 43.41% 62.76% 38.68%
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 8.57% 11.67% 11.62% 11.06%
Beta 0.44% 0.74% 0.72% 0.73%
Alpha 0.07% -0.05% -0.02% -0.03%
Rsquared 0.23% 0.60% 0.54% 0.62%
Sharpe 1.04% 0.10% 0.40% 0.25%
Sortino 2.38% 0.27% 0.54% 0.18%
Treynor 0.20% 0.02% 0.06% 0.04%
Tax Efficiency 80.21% 43.41% 62.76% 38.68%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A19.0​19.025.5​25.50%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A13.4​13.422.9​22.90%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A15.1​15.132.9​32.90%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A37.0​37.026.8​26.80%10%20%30%40%50%60%70%80%90%100%

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 June 12, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $10

Fund Codes

FundServ Code Load Code Sales Status
MID510
MID519
MID520

Investment Objectives

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

Investment Strategy

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. The portfolio will be invested with a focus on those issuers offering either direct or indirect exposure to infrastructure.

Portfolio Management

Portfolio Manager

Middlefield Capital Corporation (MCC)

  • Robert F. Lauzon
  • Dennis da Silva
Sub-Advisor

-

Management and Organization

Fund Manager

Middlefield Limited (ML)
Custodian

RBC Investor Services Trust (Canada)
Registrar

RBC Investor Services Trust (Canada)
Distributor

Middlefield Capital Corporation

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 2.82%
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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