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Middlefield ETFs
An actively managed global equity fund: 83 stocks, 60% United States, unhedged, for 1.31% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Actively managed global portfolio with a United States tilt. United States is the largest regional weight at 59.5%. Results reflected both that positioning and individual stock selection.
Top holding: Taiwan Semiconductor Manufacturing Co Ltd ADR 5.4% (broad) · Top sector: Technology 35.7% (sector-tilted) · Top region: United States 59.5% (region-tilted)
Technology 35.7%·Financials 12.9%·Industrials 12.9%·Communication Services 9.0%·Healthcare 7.8%·Other 6.8%·Other (locked) 15.0%
United States 59.5%·Japan 14.4%·Emerging Markets 12.7%·Europe 8.8%·Canada 4.5%
Look-through via underlying funds.
The management fee was 1.31% a year, or about $131 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $64M· net assets |
| Listed | 2013· 13 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | MDIV.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Dividend & Income |
| Geography | Global / World |
| Provider | Middlefield ETFs |
| Mgmt fee | 1.31% |
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Prices as of last close.
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