Middlefield Financial Statements

Investor Relations

Financial Statements

Middlefield Mutual Funds

	Middlefield Income and Growth Class Middlefield Canadian Growth Class Middlefield Equity Index Class Middlefield Global Agriculture Class Middlefield Income Plus Class Middlefield Resource Class Middlefield Short-Term Income Middlefield Uranium Focused Metals Class Middlefield Enhanced Yield Fund Middlefield Global Growth Class Middlefield Income and Growth Class Middlefield Index Income Class Middlefield Money Market Fund Middlefield U.S. Growth Class
Middlefield TSX-Listed Funds

	ACTIVENERGY Income Fund COMPASS Income Fund INDEXPLUS Income Fund MINT Income Fund STaRS Income Fund STRATA Income Fund YIELDPLUS Income Fund ALBERTA FOCUSED Income & Growth Fund CORE IncomePlus Fund EQUAL SECTOR Income Fund HTR Total Return Fund INDEXPLUS 2 Income Fund MATRIX Income Fund MAXIN Income Fund MG Dividend & Income Fund PATHFINDER Income Fund SAGE Income Fund VECTOR Energy Fund
Middlefield Resource Funds

	MRF 2009 Resource Limited Partnership Discovery 2008 Flow-Through Limited Partnership MRF 2008 Resource Limited Partnership MRF 2007 II Resource Limited Partnership MRF 2007 Resource Limited Partnership MRF 2006 II Resource Limited Partnership MRF 2006 Resource Limited Partnership Explorer III Resource Limited Partnership MRF 2005 Resource Limited Partnership Explorer II Resource Limited Partnership MRF 2004 Limited Partnership Explorer Limited Partnership MRF 2003 II Limited Partnership MRF 2003 Limited Partnership MRF 2002 II Limited Partnership MRF 2001 II Limited Partnership MRF 2001 Limited Partnership MRF 2000 Limited Partnership MRF 1999 II Limited Partnership MRF 1999 Limited Partnership MRF 1998 III Limited Partnership MRF 1998 II Limited Partnership MRF 1996 II Limited Partnership MRF 1996 Limited Partnership
Middlefield Bancorp Limited

Management Report of Fund Performance

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