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Contact details

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Investment objectives

The Fund’s investment objective is to produce a high-income return whilst also seeking to preserve shareholder capital.

Key Information

Fund vs sector

  1y 3y
Position 3 / 5 3 / 4
Quartile 2 3

Fund ratings

FE Crown Rating: 1 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 14.45 12.02
Alpha 2.06 -0.09
Beta 1.17 0.91
Sharpe 0.71 0.79
InfoRatio 0.35 -0.20
R2 0.58 0.52
Quartiles:   1  2   3  4   help with ratios
vs. North America Equities»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+2.9 +31.5 +110.2 +3.1 +24.0 +18.1 +35.4
  NAV +3.9+25.7+92.1+8.6 +11.4+15.8+32.0
  North America Equities +3.8+42.3+95.5+15.5+18.7+11.0+23.7
Share Price
 ShareTypePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf MIDDLEFIELD CANADIAN INCOME TRUST I I 102.13 (p) 22-Oct-2014 -3.54 105.74 103.62
20-Oct-2014
117 4.90 4.90
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
MIDDLEFIELD CANADIAN INCOME TRUST I I LONDON 100 108,732,000 110.91 n/a n/a company announcements
Share identifiers: TIDM: MCT; SEDOL: B15PV03; ISIN: GB00B15PV034
Detailed fund information
Fund type Jersey-registered Investment Trusts
Launched2006
Gross assets£134.2m / $215.2m
Sector North America Equities
Asset ClassEquity
Own ISA wrapper Fund has no ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
Annual accountsn/a
Last report / accounts22-Aug-2014
Last AGM29-May-2014
Next AGMMay 2013
EGM11-Dec-2013
Stockbroker(s)n/a
Management contractMiddlefield International Limited serves as manager to the Fund. The aforesaid Investment Advisory Agreement ceased with effect 5 October 2011 and was replaced by a revised Investment Management Agreement whereby the Investment Managers fee was increased from 0.10 per cent to 0.867 per cent per annum of the average NAV of the Fund calculated over the relevant quarterly period, payable quarterly, no later than 10 days in arrears. Kleinwort Benson (Channel Islands) Corporate Services Ltd serves as Administrator to the Fund. The Administrator is entitled to an administrator fee payable by the Fund quarterly in arrears at a rate of 0.1% p.a. of the average Fund net assets calculated over the relevant quarter period. The Management and Administrator agreements are terminable by either party giving 90 days written notice .
Borrowing limitn/a
Continuation / Wind-up provisionAt the AGM held on 16-May-13, shareholders approval to renew the Fund's authority to continue its placing programme until 18-Oct-13. The Directors may at their discretion exercise a Redemption Facility. The Company may also repurchase shares in the market for cancellation of up to 14.99% of its own issued Shares within a pre-determined price range calculated by reference to the Fund's NAV. The Company also has the authority to disapply pre-emption rights for up to 10% of its issued share capital.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Canada Equity Mixed North America Equities
Largest holdings, 31-Aug-2014
Holding (%) Rank Holding (%) Rank
WHITECAP RESOURCES INC4.001APPLE INC2.606
CRESCENT POINT ENERGY CORP3.402TWIN BUTTE ENERGY2.607
MAGNA INTERNATIONAL INC3.203GLUSKIN SHEFF & ASSOCIATES INC2.608
BROOKFIELD PROPERTY PARTNERS LP3.104CANADIAN NATIONAL RAILWAY CO2.509
CHARTWELL RETIREMENT RESIDENCES2.705TORC OIL & GAS LTD2.5010
 Total29.20 
Regional weightings, 31-Aug-2014
Region (%) Rank  
Canada 100.00 1 100.00% Canada
Total100.00 
Sector weightings, 31-Aug-2014
Sector (%) Rank  
Energy 26.10 1 26.10% Energy
Financials 18.30 2 18.30% Financials
Utilities, Power and Pipeline 14.90 3 14.90% Utilities, Power and Pipeline
Real Estate 9.40 4 9.40% Real Estate
Bonds and Convertible Debentures 9.40 5 9.40% Bonds and Convertible Debentures
Industrials 8.10 6 8.10% Industrials
Materials 4.70 7 4.70% Materials
Consumer Discretionary 3.20 8 3.20% Consumer Discretionary
Others 2.70 9 2.70% Others
Consumer Staples 1.80 10 1.80% Consumer Staples
Metals & Mining 1.40 11 1.40% Metals & Mining
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
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Asset allocation

Canadian Equities, 81.20%
81.2000% ofCanadian Equities
Property Shares, 9.40%
9.4000% ofProperty Shares
Canadian Fixed Interest, 9.40%
9.4000% ofCanadian Fixed Interest

Sector analysis

Charting

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