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Middlefield High Interest Income Class Series A
Cdn Short Term Fixed Inc
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FundGrade E
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|
NAVPS (07-24-2026) |
$13.58 |
|---|---|
| Change |
$0.00
(0.00%)
|
As at June 30, 2026
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Legend
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Fund Returns
Inception Return (June 11, 2004): 1.40%
| 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 | 0.04% | 0.11% | 0.19% | 0.19% | 0.43% | 1.06% | 2.23% | 2.64% | 2.18% | 1.85% | 1.77% | 1.73% | 1.66% | 1.54% |
| Benchmark | 0.32% | 1.11% | 1.41% | 1.41% | 3.03% | 4.58% | 4.97% | 3.99% | 2.23% | 1.97% | 2.30% | 2.50% | 2.27% | 2.07% |
| Category Average | 0.25% | 0.98% | 1.13% | 1.13% | 2.48% | 3.94% | 4.38% | 3.62% | 1.84% | 1.78% | 1.93% | 2.06% | 1.84% | 1.68% |
| Category Rank | 302 / 302 | 296 / 296 | 288 / 290 | 288 / 290 | 270 / 272 | 240 / 240 | 215 / 215 | 192 / 200 | 97 / 188 | 106 / 177 | 128 / 171 | 139 / 165 | 117 / 156 | 100 / 141 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 4 | 3 | 3 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.08% | 0.05% | 0.10% | 0.06% | 0.06% | -0.10% | 0.02% | 0.03% | 0.03% | 0.02% | 0.04% | 0.04% |
| Benchmark | -0.08% | 0.59% | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% | 0.32% |
Best Monthly Return Since Inception
0.85% (January 2024)
Worst Monthly Return Since Inception
-0.20% (June 2004)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.43% | 0.71% | 1.26% | 1.68% | 0.45% | 0.28% | 1.93% | 4.52% | 3.27% | 0.96% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | 4 | 2 | 3 | 4 | 4 | 1 | 1 | 3 | 4 | 4 |
| Category Rank | 106/ 139 | 42/ 143 | 80/ 159 | 154/ 166 | 174/ 176 | 12/ 182 | 1/ 191 | 148/ 203 | 219/ 221 | 257/ 258 |
Best Calendar Return (Last 10 years)
4.52% (2023)
Worst Calendar Return (Last 10 years)
0.28% (2021)
Asset Allocation
Sector Allocation
Geographic Allocation
Top Holdings
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Middlefield High Interest Income Class Series A
Median
Other - Cdn Short Term Fixed Inc
3 Yr Annualized
| Standard Deviation | 0.70% | 0.66% | 0.55% |
|---|---|---|---|
| Beta | 0.04 | 0.06 | 0.05 |
| Alpha | 0.02 | 0.02 | 0.01 |
| Rsquared | 0.01% | 0.05% | 0.03% |
| Sharpe | -1.86 | -1.17 | -0.72 |
| Sortino | -1.36 | -1.45 | -2.34 |
| Treynor | -0.29 | -0.13 | -0.08 |
| Tax Efficiency | 100.00% | 100.00% | 100.00% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.17% | 0.70% | 0.66% | 0.55% |
| Beta | 0.04 | 0.04 | 0.06 | 0.05 |
| Alpha | 0.00 | 0.02 | 0.02 | 0.01 |
| Rsquared | 0.18% | 0.01% | 0.05% | 0.03% |
| Sharpe | -11.08 | -1.86 | -1.17 | -0.72 |
| Sortino | -3.38 | -1.36 | -1.45 | -2.34 |
| Treynor | -0.44 | -0.29 | -0.13 | -0.08 |
| 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 Management
| Portfolio Manager |
Middlefield Limited
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Middlefield Limited (ML) |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Investor Services Trust (Canada) |
| Distributor |
Middlefield Limited |
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 | 2.10% |
|---|---|
| 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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