MUSA.TO
Middlefield U.S. Equity Dividend ETF
US
EQUITY
Active
MANAGEMENT STYLE
$ 53.5 M
ASSETS UNDER MGMT
219 bp
EXPENSES
Fund Basics
| Inception date | Dec 19, 2013 |
| 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
| MIDDLEFIELD HEALTHCARE DIVIDEND ETF | 7.4 % |
| NVIDIA CORP | 7.0 % |
| WESTERN DIGITAL CORP | 6.2 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 6.1 % |
| MICRON TECHNOLOGY INC | 5.1 % |
| AMAZON.COM INC | 4.7 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 4.6 % |
| MICROSOFT CORP | 3.2 % |
| COSTCO WHOLESALE CORP | 3.1 % |
| PALO ALTO NETWORKS INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 39 |
| Herfindahl-Hirschman Index | 377 |
| Wgt avg mkt cap (mns) | $1,016,216 |
| Large cap (>$10bn) | 86.1% |
| Mid cap ($2-10bn) | 3.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 78.1% |
| Emerging mkts. | 11.8% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 68.3 % |
 |
TAIWAN | 6.1 % |
 |
CHINA | 3.3 % |
 |
IRELAND | 2.9 % |
 |
SOUTH KOREA | 2.5 % |
 |
JAPAN | 2.2 % |
 |
BRITAIN | 2.0 % |
 |
CANADA | 1.7 % |
 |
NETHERLANDS | 1.1 % |
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 | 19.7% | 33.0% | 18.4% | 21.1% | 11.8% | 9.6% | -- | 8.2% |
| Dividend Yield | 1.0% | 3.0% | 2.9% | 3.4% | 3.6% | 4.3% | -- | 4.6% |
| Total Returns | 20.7% | 36.0% | 21.3% | 24.6% | 15.4% | 13.9% | -- | 12.8% | Ann. Volatility | 16.9% | 14.2% | 17.7% | 15.9% | 16.6% | 15.9% | -- | 15.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.13 | 1% |
| MSCI EAFE | -0.01 | 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) | $25.36 |
| Relative strength (RSI) | 67 |
| MACD/Signal | 0.67/0.67 |
| Bollinger Bands (Upper/Lower) | $27.28/$24.30 |
| 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. MUSA.TO |
Expenses vs. MUSA.TO |
ALTAR Score™ vs. MUSA.TO |
|---|---|---|---|---|
| MDIV.TO | Middlefield Global Dividend Growers ETF | 54.9% | -88 bp | +0.8% |
| MNXT.TO | Mackenzie Bluewater Next Gen Growth ETF | 33.0% | -139 bp | +1.4% |
| QQQX.TO | Global X Nasdaq-100 Index ETF | 32.7% | -204 bp | +2.1% |
| ZNQ.TO | BMO Nasdaq 100 Equity Index ETF | 32.7% | -184 bp | +1.9% |
| QQQQ.TO | Mackenzie NASDAQ 100 Index ETF | 32.7% | -194 bp | +2.0% |
| XQQU.TO | iShares NASDAQ 100 Index ETF | 32.7% | -184 bp | +1.9% |
| QQCE.TO | Invesco ESG NASDAQ 100 Index ETF | 32.0% | -199 bp | +1.9% |
| SMAX.TO | Hamilton U.S. Equity YIELD MAXIMIZER TM ETF | 31.7% | -154 bp | +1.5% |
| JCOR.TO | JPMorgan US Core Active ETF | 31.7% | -175 bp | +2.7% |
| ZQQ.TO | BMO Nasdaq 100 Equity Hedged To CAD Index ETF | 31.7% | -184 bp | +1.9% |
Risk and Returns: MUSA.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.
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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
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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
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ETF Research Center Rating
1.5%
ALTAR SCORE™
4th
PERCENTILE
AVOID
ETFRC RATING
There are 1,398 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. MUSA.TO's ALTAR Score™ is approximately -1.8 standard
deviations above the category average. This places MUSA.TO in the 4th percentile
among funds in the category.
Sell-Side Consensus
$30.06
PRICE TARGET
+10.0%
UPSIDE