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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
(06-11-2025) 		$20.33
Change
-$0.10 (-0.49%)

As at May 31, 2025

As at May 31, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 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 2…$5,000$10,000$15,000$20,000$25,000$30,000$35,000$7,500$12,500$17,500Period

Legend

Middlefield U.S. Equity Dividend Class Series A

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Fund Returns

Inception Return (May 13, 2014): 9.52%

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 3.81% -8.61% -8.21% -10.72% 9.20% 19.01% 15.01% 10.18% 11.56% 13.59% 10.77% 10.08% 10.11% 8.77%
Benchmark 5.88% -5.07% -3.12% -3.37% 14.53% 21.32% 17.67% 14.22% 15.90% 15.75% 14.67% 14.04% 14.79% 14.00%
Category Average 3.51% -5.37% -4.09% -1.70% 9.16% - - - - - - - - -
Category Rank 77 / 220 197 / 220 218 / 219 219 / 219 105 / 211 21 / 200 11 / 193 83 / 189 113 / 187 8 / 182 50 / 168 43 / 143 51 / 125 66 / 104
Quartile Ranking 2 4 4 4 2 1 1 2 3 1 2 2 2 3

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 5.67% 0.10% 0.32% 2.31% 4.34% 5.02% 2.80% 3.21% -5.34% -7.99% -4.32% 3.81%
Benchmark 3.97% 2.12% 0.07% 2.23% 2.12% 6.59% 0.26% 3.46% -1.62% -6.04% -4.57% 5.88%

Best Monthly Return Since Inception

9.02% (July 2022)

Worst Monthly Return Since Inception

-10.91% (April 2022)

Calendar Return (%)

Created with Highcharts 10.3.3-40%-20%0%20%40%60%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 17.94% 1.04% 0.84% -4.91% 17.41% 25.26% 24.58% -20.53% 19.21% 43.97%
Benchmark 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32% 36.01%
Category Average - - - - - - - - - -
Quartile Ranking 1 4 4 3 4 1 2 4 1 1
Category Rank 12/ 99 111/ 115 138/ 138 117/ 166 141/ 181 2/ 187 67/ 189 191/ 192 6/ 193 3/ 206

Best Calendar Return (Last 10 years)

43.97% (2024)

Worst Calendar Return (Last 10 years)

-20.53% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 98.80
Cash and Equivalents 1.20

Sector Allocation

Sector Allocation
Name Percent
Exchange Traded Fund 98.80
Cash and Cash Equivalent 1.20

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return11121314151617-5%0%5%10%15%20%

Middlefield U.S. Equity Dividend Class Series A

Median

Other - U.S. Div & Inc Equity

3 Yr Annualized

Standard Deviation 14.65% 14.78% 13.98%
Beta 0.97% 1.03% 0.98%
Alpha -0.02% -0.04% -0.04%
Rsquared 0.87% 0.88% 0.84%
Sharpe 0.76% 0.65% 0.55%
Sortino 1.27% 0.89% 0.66%
Treynor 0.12% 0.09% 0.08%
Tax Efficiency 92.12% 89.59% 88.91%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.39% 14.65% 14.78% 13.98%
Beta 1.04% 0.97% 1.03% 0.98%
Alpha -0.05% -0.02% -0.04% -0.04%
Rsquared 0.81% 0.87% 0.88% 0.84%
Sharpe 0.42% 0.76% 0.65% 0.55%
Sortino 0.63% 1.27% 0.89% 0.66%
Treynor 0.06% 0.12% 0.09% 0.08%
Tax Efficiency 89.25% 92.12% 89.59% 88.91%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A54.6​54.686.4​86.40%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: A54.7​54.780.7​80.70%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: A34.7​34.784.1​84.10%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: A44.8​44.888.5​88.50%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.

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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) $12

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 Management

Portfolio Manager

Middlefield Capital Corporation (MCC)

  • Shane Obata
  • Robert F. Lauzon
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 (MCC)

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 2.96%
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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