MINF.TO
Middlefield Global Infrastructure Dividend ETF
Global
EQUITY
Active
MANAGEMENT STYLE
$ 22.9 M
ASSETS UNDER MGMT
194 bp
EXPENSES
Fund Basics
| Inception date | Mar 25, 2020 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| EXTENDICARE INC | 5.2 % |
| NOKIA CORP-SPON ADR | 4.6 % |
| ALTAGAS INCOME TRUST | 4.6 % |
| PEMBINA PIPELINE CORP | 4.5 % |
| EATON CORP PLC | 4.3 % |
| TOPAZ ENERGY CORP | 4.3 % |
| ROCKPOINT GAS STORAGE INC ORDINARY SHARE | 4.2 % |
| GROUPE EUROTUNNEL SA - REGR | 4.1 % |
| RWE AG | 4.0 % |
| CAPITAL POWER CORP | 3.8 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 351 |
| Wgt avg mkt cap (mns) | $25,192 |
| Large cap (>$10bn) | 45.4% |
| Mid cap ($2-10bn) | 31.2% |
| Small cap (<$2bn) | 10.5% |
| Developed mkts. | 87.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 50.4 % |
 |
FRANCE | 10.4 % |
 |
UNITED STATES | 7.5 % |
 |
BERMUDA | 5.9 % |
 |
FINLAND | 4.6 % |
 |
IRELAND | 4.3 % |
 |
GERMANY | 4.0 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.0% | 19.0% | 10.0% | 7.5% | 1.6% | -- | -- | 3.6% |
| Dividend Yield | 1.8% | 5.4% | 5.4% | 5.6% | 5.1% | -- | -- | 5.0% |
| Total Returns | 15.8% | 24.4% | 15.4% | 13.0% | 6.8% | -- | -- | 8.6% | Ann. Volatility | 11.1% | 9.9% | 12.6% | 12.4% | 14.8% | -- | -- | 16.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.08 | 1% |
| MSCI EAFE | 0.02 | 0% |
| MSCI Emg Mkts | -0.01 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $11.41 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.12/0.12 |
| Bollinger Bands (Upper/Lower) | $11.70/$11.30 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MINF.TO |
Expenses vs. MINF.TO |
ALTAR Score™ vs. MINF.TO |
|---|---|---|---|---|
| UMVP.TO | HAMILTON CHAMPIONS Utilities Index ETF | 18.2% | -175 bp | +0.5% |
| ZUT.TO | BMO Equal Weight Utilities Index ETF | 17.8% | -139 bp | +0.1% |
| XUT.TO | iShares S&P/TSX Capped Utilities Index ETF | 17.0% | -133 bp | -0.3% |
| CDZ.TO | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 16.5% | -134 bp | +3.9% |
| PDC.TO | Invesco Canadian Dividend Index ETF | 15.5% | -144 bp | +2.6% |
| UTIL.TO | Global X Equal Weight Canadian Utilities Index ETF | 14.3% | -169 bp | -0.8% |
| ZDIV.TO | BMO MSCI Canada IMI High Dividend Yield Index ETF | 13.8% | -185 bp | +4.0% |
| ZDV.TO | BMO Canadian Dividend ETF | 13.4% | -159 bp | +2.3% |
| FCII.TO | Franklin ClearBridge Global Infrastructure Income Fund | 13.1% | -109 bp | +1.1% |
| MREL.TO | Middlefield Real Estate Dividend ETF | 12.7% | -95 bp | +6.2% |
Risk and Returns: MINF.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
Sample data. Subscribe for access.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
3.2%
ALTAR SCORE™
35th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. MINF.TO's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places MINF.TO in the 35th percentile
among funds in the category.
Sell-Side Consensus
$12.6
PRICE TARGET
+8.2%
UPSIDE