Middlefield US Equity Dividend ETF (MUSA.TO) ETF Analysis

Fund Overview

Middlefield US Equity Dividend ETF (MUSA.TO) is an exchange-traded fund. The fund is issued by Middlefield Limited. It has been trading since December 19, 2013. Total net assets stand at CA$53.16M.

Its biggest positions are Middlefield Healthcare Dividend ETF (MHCD.TO), NVIDIA Corp (NVDA), and Taiwan Semiconductor Manufacturing Co Ltd ADR (TSM). Middlefield Healthcare Dividend ETF alone accounts for 6.57% of the portfolio. The ten largest positions together make up 49.71% of the fund.

Performance Analysis

MUSA.TO last closed at CA$27.29 on September 4, 2026. Over the trailing twelve months the price has returned +28.70%. Across 5 years the annualized return works out at +12.44%. The trailing distribution yield is 1.17%.

Across the complete calendar years on file, 2024 returned +43.54% and 2022 returned −22.81%. Of the 7 complete calendar years on file, 6 finished higher. So far in 2026 the price is +24.05%.

Price & Risk Profile

Daily returns over the trailing 8 years annualize to a volatility of 17.27%. Beta against the wider market is reported at 1.1. Over the past 52 weeks the price has ranged from CA$21.45 to CA$28.47. The latest close sits 27.23% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.