Middlefield Healthcare Dividend Fund

Fund Description

Middlefield Healthcare Dividend Fund is an actively managed, diversified fund comprised primarily of dividend-paying companies in the healthcare, life sciences and biotech industries.

Key Reasons to Invest:

  • exposure to an actively managed, low-cost fund which provides tax-efficient monthly distributions
  • a high conviction, diversified portfolio of companies operating in the global healthcare sector
  • healthcare is defensive as it provides needs-based products and services and also delivers growth and innovation through significant investments in R & D

Fund Overview

  • Fund Codes:
    FE: MID325 / F Series: MID326
  • Inception Date:
    October 23, 2014
  • Monthly Distribution:
    $0.04
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    A: 2.00% / F: 1.00%
  • Risk Rating:
    Medium

Industry Advisor

Fund Managers

Headshot of Robert Moffat
Robert Moffat
Portfolio Manager
Headshot of Dean Orrico
Dean Orrico
President and Chief Executive Officer

Performance (Series A)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2021 2020 2019 2018
December 31, 2022 -2.46% 8.50% 8.35% 0.90% 0.90% 8.38% 9.57% - 10.19% 17.62% 7.25% 11.72% 11.04%

Performance (Series F)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2021 2020 2019 2018
December 31, 2022 -2.34% 8.88% 9.01% 2.03% 2.03% 9.59% 10.80% - 11.09% 18.97% 8.43% 13.01% 12.28%

Distributions (Series A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.04
November 29, 2022 November 30, 2022 0.04
October 28, 2022 October 31, 2022 0.04
September 29, 2022 September 30, 2022 0.04
August 30, 2022 August 31, 2022 0.04
July 28, 2022 July 29, 2022 0.04
June 29, 2022 June 30, 2022 0.04
May 30, 2022 May 31, 2022 0.04
April 28, 2022 April 29, 2022 0.04
March 30, 2022 March 31, 2022 0.04

Distributions (Series F)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 29, 2022 December 30, 2022 0.04
November 29, 2022 November 30, 2022 0.04
October 28, 2022 October 31, 2022 0.04
September 29, 2022 September 30, 2022 0.04
August 30, 2022 August 31, 2022 0.04
July 28, 2022 July 29, 2022 0.04
June 29, 2022 June 30, 2022 0.04
May 30, 2022 May 31, 2022 0.04
April 28, 2022 April 29, 2022 0.04
March 30, 2022 March 31, 2022 0.04

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Pharmaceuticals 37.50%
Health Care Equipment 16.70%
Biotechnology 16.70%
Life Sciences Tools & Services 11.50%
Managed Health Care 6.10%
Health Care Distributors 4.60%
Health Care Services 3.60%
Health Care Facilities 1.70%
Health Care REITs 1.50%

Geographic Allocation (%)

As Of December 31, 2022
Canada 1.70%
U.S. 86.50%
International 11.70%

Top 10 Holdings

1 Merck & Co. 5.80%
2 Astrazeneca 5.20%
3 Eli Lilly and Company 5.10%
4 Abbvie Inc. 5.00%
5 Thermo Fisher Scientific Inc. 4.70%
6 Johnson & Johnson 4.60%
7 McKesson Corporation 4.60%
8 UnitedHealth Group 4.50%
9 Pfizer Inc. 4.40%
10 Danaher Corporation 4.30%
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