The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Fund Price: $21.06 (as at July 11, 2014)  1-day chg: $-.6049 -2.79%  YTD: 40.07%

Returns as at June 30, 2014

  Fund Group Avg Index*
1 Month 11.00% 6.84% 6.47%
3 Months 22.75% 15.66% 12.42%
6 Months 48.17% 28.88% 22.35%
1 Year 75.83% 49.67% 37.09%
2 Year Avg 44.94% 29.76% 19.03%
3 Year Avg 14.84% 9.72% 1.83%
4 Year Avg 17.74% 15.07% 5.27%
5 Year Avg - 16.63% 4.73%
10 Year Avg - 11.46% 7.03%
15 Year Avg - 12.87% 10.51%
20 Year Avg - - -
Since Inception 17.67% - -
 
2013 20.49% 19.04% 9.72%
2012 -11.86% -6.48% -7.54%
2011 6.60% -4.54% -16.83%
 
3 year risk 24.24 18.90 18.65
3 year beta 1.11 0.91 1.00

*S&P/TSX Capped Energy

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the S&P/TSX Capped Energy.

Risk Measures as at June 30, 2014

Best/Worst 12 months (since inception)
Best (ending Jun 14): 75.83 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending May 12): -30.98 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 24 High

Fund Objectives

The Fund's objective is to maximize longterm total return. The Fund's investment portfolio will be comprised primarily of equity and fixed income securities of issuers that operate in or have exposure to the oil and gas industry. The portfolio will be comprised of securities that are, in the opinion of the Investment Advisor, high quality issuers that exhibit strong fundamentals, possess superior prospects for growth and offer the potential to benefit from the favourable supplydemand fundamentals in the oil and gas sector.

Fund Facts

Fund Sponsor: Middlefield Group Limited
Managed by: Middlefield Group Limited
Fund Type: MF Corp
Inception Date: July 2009
Asset Class: Energy Equity
Quartile Rank: 1 (3YR ending June 30, 2014)
Total Assets: $94.3 million
Mgmt Exp. Ratio (MER): 2.94%
Management Fee: 2.25%
Load Type: Optional
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$1,000
Subsequent:
$100
Min. Invest (initial RRSP):
$1,000
Subsequent RRSP:
$100
Closed:
No
Restricted:
No
Restriction:
 
 

Top Holdings

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at July 11, 2014
1 Year Performance (%)
POU-T Paramount Resources Oil and Gas Producers Canada Stock 9.41   58.99 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
TOU-T Tourmaline Oil Oil and Gas Producers Canada Stock 7.9   22.34 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
CQE-T Cequence Energy Oil and Gas Producers Canada Stock 6.72   44.44 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
RMP-T RMP Energy Oil and Gas Producers Canada Stock 6.2   102.09 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
BIR-T Birchcliff Energy Oil and Gas Producers Canada Stock 5.6   41.1 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
KEL-T Kelt Exploration Oil and Gas Producers Canada Stock 5.11   77.76 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
DEE-T Delphi Energy Oil and Gas Producers Canada Stock 4.82   120.83 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
RTK-T Artek Exploration Inc. Oil and Gas Producers Canada Stock 3.76   5.12 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
TOG-T TORC Oil & Gas Ltd. Oil and Gas Producers Canada Stock 3.72   60.12 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Portfolio Manager(s)

Robert F. Lauzon

Middlefield Capital Corporation

Start Date: July, 2009

Fund Return: 17.68%

Robert F. Lauzon is a managing director, western Canada of Middlefield Captial Corporation and is based in Middlefield's Calgary office. Mr. Lauzon has been employed by Middlefield Capital Corporation since 2002. Mr. Lauzon is the lead portfolio manager on a number of investment funds focused on the energy and equity income sectors and is responsible for overseeing Middlefield's trading operation. Mr. Lauzon is an MBA graduate of the Rotman School of management (University of Toronto) and holds the chartered financial analyst designation. Prior to joining Middlefield in 2002, he worked as an investment executive with ScotiaMcLeod.

Also manages:ENERGY INDEXPLUS DIVIDEND FUND, Middlefield Can-Global REIT Income, Middlefield Cdn High Yield Cl A, Middlefield Income Plus CC-A, Middlefield Short Term Income Cl A

View fund manager performance report

Vince Greco

Middlefield Capital Corporation

Start Date: August, 2010

Fund Return: 16.18%

Vince Greco is a Vice President and Senior Trader at Middlefield Group in Calgary. Prior to joining Middlefield in 2010, Mr. Greco was a portfolio manager for two U.S.-based hedge funds which focused on commodities and natural resource based equities. Prior to that, he was an institutional equity derivatives salesperson at BMO Nesbitt Burns in Toronto. Mr. Greco graduated with an MBA from the Queen�s School of Business, Queen�s University.

Also manages:Middlefield Cdn High Yield Cl A, Middlefield Short Term Income Cl A

View fund manager performance report