Question 1

What is ACZ?

Accepted Answer

ACZ — Middlefield US Equity Dividend ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the ACZ ETF price today?

Accepted Answer

ACZ last traded at $28.37 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ACZ MER (management expense ratio)?

Accepted Answer

ACZ has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, ACZ is considered a low-cost ETF.

Question 4

What are ACZ annualised returns?

Accepted Answer

ACZ historical returns: YTD: +28.95%, 1-year: +38.24%, 3-year annualised: +27.17%, 5-year annualised: +16.49%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.47, which measures risk-adjusted return.

Question 5

Does ACZ pay dividends or distributions?

Accepted Answer

Yes, ACZ distributes income to unitholders. The current distribution yield is approximately 2.75%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ACZ invest in?

Accepted Answer

ACZ's top holdings include MHCD (MHCD, 8.5%), Broadcom Inc (AVGO, 5.3%), Eaton Corporation PLC (ETN, 5.0%), Apple Inc. (AAPL, 4.8%), Motorola Solutions Inc (MSI, 4.7%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar US Market TR CAD.

Question 7

What sectors does ACZ invest in?

Accepted Answer

ACZ's largest sector exposures are Technology (43.6%), Industrials (10.7%), Communication Services (10.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ACZ? (Assets under management)

Accepted Answer

ACZ has approximately $53M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ACZ launched?

Accepted Answer

ACZ was launched on December 19, 2013, giving it a 13-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ACZ in Canada?

Accepted Answer

ACZ trades on the TSX under the ticker ACZ. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ACZ?

Accepted Answer

ACZ has a 1-year volatility of 15.76% and a beta of 1.05 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.47 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-07-03	$28.37	$28.37	$28.37	$28.37	$28.37	0
2026-05-29	$26.46	$26.46	$26.46	$26.46	$26.46	0
2026-05-01	$24.48	$24.48	$24.48	$24.48	$24.48	0
2026-04-02	$21.63	$21.63	$21.63	$21.63	$21.63	0
2026-02-27	$23.57	$23.57	$23.57	$23.57	$23.57	0
2026-02-13	$23.12	$23.12	$23.08	$23.08	$23.08	135
2026-01-30	$23.31	$23.31	$23.31	$23.31	$23.31	0
2026-01-02	$22.00	$22.00	$22.00	$22.00	$22.00	0
2025-12-31	$22.00	$22.00	$22.00	$22.00	$22.00	0
2025-12-24	$22.00	$22.00	$22.00	$22.00	$22.00	0

#	Ticker	Name	Weight
1	MHCD	MHCD	8.49%
2	AVGO	Broadcom Inc	5.25%
3	ETN	Eaton Corporation PLC	5.01%
4	AAPL	Apple Inc.	4.84%
5	MSI	Motorola Solutions Inc	4.70%
6	BX	Blackstone Group Inc	3.97%
7	DTE	DTE Energy Company	3.96%
8	ASML	ASML Holding NV ADR	3.87%
9	AMZN	Amazon.com Inc	3.72%
10	MSFT	Microsoft Corporation	3.64%

Sector	Weight
Technology	43.65%
Industrials	10.73%
Communication Services	10.00%
Financial Services	9.80%
Healthcare	7.18%
Consumer Cyclicals	4.92%
Energy	3.55%
Basic Materials	3.30%
Consumer Defensive	3.16%
Real Estate	2.00%
Utilities	1.72%

Middlefield US Equity Dividend ETF (ACZ : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Middlefield US Equity Dividend ETF

ETF Details

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Frequently Asked Questions — ACZ