Middlefield Group has raised the risk ratings for two of its mutual funds as part of its annual review. The risk rating for the Middlefield Innovation Dividend Class increased from Medium to Medium-to-High, while the Middlefield Global Infrastructure Fund’s risk rating rose from Low-Medium to Medium.
These updates are effective immediately and are reflected in the Prospectus and Fund Facts dated June 16, 2025. The changes follow the risk classification rules set by the Canadian Securities Administrators under National Instrument 81-102 Investment Funds and do not reflect any changes to the funds’ investment objectives, strategies, or management.
The Middlefield Innovation Dividend Class focuses heavily on technology and communication sectors. As of April 30, 2025, its sector allocation includes 43.7% in technology, 23.6% in communication services, and 14.7% in consumer discretionary.
The fund’s top holdings include major global tech companies such as Amazon (7%), NVIDIA (6.6%), Alphabet (6.3%), and Microsoft (6%). The fund primarily invests in U.S. companies (81%), with smaller allocations to Canada (5.9%) and other international markets (13.1%).
It aims to deliver attractive long-term returns through dividend-paying technology firms engaged in AI, cloud computing, software, and e-commerce.
Middlefield conducts these risk rating reviews annually or when significant changes occur. The firm, founded in 1979 and based in Toronto, specializes in actively managed equity income funds that provide consistent income through various market cycles.
Middlefield’s funds cover sectors including real estate, healthcare, innovation, sustainability, infrastructure, and energy, and are available in multiple product types such as ETFs, mutual funds, closed-end funds, and split-share funds.
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