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 2023 2022 2021 2020
April 30, 2024 -2.21% 3.13% 12.53% 7.92% 5.98% 9.04% 8.69% - 9.53% -0.40% 0.90% 17.62% 7.25%

Performance (Series F)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2023 2022 2021 2020
April 30, 2024 -2.07% 3.44% 13.13% 8.34% 7.17% 10.28% 9.90% - 10.48% 0.70% 2.03% 18.97% 8.43%

Distributions (Series A)

Total NAV & Distributions (since inception)  
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
April 29, 2024 April 30, 2024 0.04
March 27, 2024 March 28, 2024 0.04
February 28, 2024 February 29, 2024 0.04
January 30, 2024 January 31, 2024 0.04
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 28, 2023 December 29, 2023 0.04
November 29, 2023 November 30, 2023 0.04
October 30, 2023 October 31, 2023 0.04
September 28, 2023 September 29, 2023 0.04
August 30, 2023 August 31, 2023 0.04
July 28, 2023 July 31, 2023 0.04
June 29, 2023 June 30, 2023 0.04
May 30, 2023 May 31, 2023 0.04
April 27, 2023 April 28, 2023 0.04
March 30, 2023 March 31, 2023 0.04
February 27, 2023 February 28, 2023 0.04
January 30, 2023 January 31, 2023 0.04
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
February 25, 2022 February 28, 2022 0.04
January 28, 2022 January 31, 2022 0.04
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2021 December 31, 2021 0.04
November 29, 2021 November 30, 2021 0.04
October 28, 2021 October 29, 2021 0.04
September 29, 2021 September 30, 2021 0.04
August 30, 2021 August 31, 2021 0.04
July 29, 2021 July 30, 2021 0.04
June 29, 2021 June 30, 2021 0.04
May 28, 2021 May 31, 2021 0.04
April 29, 2021 April 30, 2021 0.04
March 30, 2021 March 31, 2021 0.04
February 25, 2021 February 26, 2021 0.04
January 28, 2021 January 29, 2021 0.04
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2020 December 31, 2020 0.04
November 27, 2020 November 30, 2020 0.04
October 29, 2020 October 30, 2020 0.04
September 29, 2020 September 30, 2020 0.04
August 28, 2020 August 31, 2020 0.04
July 30, 2020 July 31, 2020 0.04
June 29, 2020 June 30, 2020 0.04
May 28, 2020 May 29, 2020 0.04
April 29, 2020 April 30, 2020 0.04
March 30, 2020 March 31, 2020 0.04
February 27, 2020 February 28, 2020 0.04
January 30, 2020 January 31, 2020 0.04

Distributions (Series F)

Total NAV & Distributions (since inception)  
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
April 29, 2024 April 30, 2024 0.04
March 27, 2024 March 28, 2024 0.04
February 28, 2024 February 29, 2024 0.04
January 30, 2024 January 31, 2024 0.04
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 28, 2023 December 29, 2023 0.04
November 29, 2023 November 30, 2023 0.04
October 30, 2023 October 31, 2023 0.04
September 28, 2023 September 29, 2023 0.04
August 30, 2023 August 31, 2023 0.04
July 28, 2023 July 31, 2023 0.04
June 29, 2023 June 30, 2023 0.04
May 30, 2023 May 31, 2023 0.04
April 27, 2023 April 28, 2023 0.04
March 30, 2023 March 31, 2023 0.04
February 27, 2023 February 28, 2023 0.04
January 30, 2023 January 31, 2023 0.04
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
February 25, 2022 February 28, 2022 0.04
January 28, 2022 January 31, 2022 0.04
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2021 December 31, 2021 0.04
November 29, 2021 November 30, 2021 0.04
October 28, 2021 October 29, 2021 0.04
September 29, 2021 September 30, 2021 0.04
August 30, 2021 August 31, 2021 0.04
July 29, 2021 July 30, 2021 0.04
June 29, 2021 June 30, 2021 0.04
May 28, 2021 May 31, 2021 0.04
April 29, 2021 April 30, 2021 0.04
March 30, 2021 March 31, 2021 0.04
February 25, 2021 February 26, 2021 0.04
January 28, 2021 January 29, 2021 0.04
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 30, 2020 December 31, 2020 0.04
November 27, 2020 November 30, 2020 0.04
October 29, 2020 October 30, 2020 0.04
September 29, 2020 September 30, 2020 0.04
August 28, 2020 August 31, 2020 0.04
July 30, 2020 July 31, 2020 0.04
June 29, 2020 June 30, 2020 0.04
May 28, 2020 May 29, 2020 0.04
April 29, 2020 April 30, 2020 0.04
March 30, 2020 March 31, 2020 0.04
February 27, 2020 February 28, 2020 0.04
January 30, 2020 January 31, 2020 0.04

Fund Details

Sector Allocation (%)

As Of April 30, 2024
Pharmaceuticals 38.60%
Health Care Equipment 22.70%
Biotechnology 15.10%
Life Sciences Tools & Services 7.40%
Managed Health Care 7.00%
Health Care Facilities 4.60%
Health Care Distributors 3.00%
Health Care REITs 1.60%
Health Care Services 0.00%

Geographic Allocation (%)

As Of April 30, 2024
Canada 6.50%
U.S. 77.60%
International 15.90%

Top 10 Holdings

1 Eli Lilly and Company 7.70%
2 Merck & Co. 5.80%
3 Astrazeneca 5.80%
4 UnitedHealth Group 5.10%
5 Abbvie Inc. 5.10%
6 Chartwell Retirement Residences 4.60%
7 Boston Scientific Corporation 4.40%
8 Thermo Fisher Scientific Inc. 4.30%
9 Johnson & Johnson 4.10%
10 Stryker Corp. 4.00%
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