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
February 29, 2024 2.44% 8.62% 5.99% 7.20% 11.34% 9.44% 8.20% - 9.63% -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
February 29, 2024 2.58% 8.94% 6.64% 7.44% 12.69% 10.69% 9.43% - 10.57% 0.70% 2.03% 18.97% 8.43%

Distributions (Series A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
February 28, 2024 February 29, 2024 0.04
January 30, 2024 January 31, 2024 0.04
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

Distributions (Series F)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
February 28, 2024 February 29, 2024 0.04
January 30, 2024 January 31, 2024 0.04
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

Fund Details

Sector Allocation (%)

As Of February 29, 2024
Pharmaceuticals 39.00%
Health Care Equipment 23.70%
Biotechnology 14.30%
Life Sciences Tools & Services 7.20%
Managed Health Care 5.90%
Health Care Facilities 4.60%
Health Care Distributors 2.90%
Health Care REITs 1.50%
Health Care Services 0.80%

Geographic Allocation (%)

As Of February 29, 2024
Canada 6.90%
U.S. 77.50%
International 15.60%

Top 10 Holdings

1 Eli Lilly and Company 8.20%
2 Merck & Co. 5.70%
3 Abbvie Inc. 5.00%
4 Johnson & Johnson 4.60%
5 Chartwell Retirement Residences 4.60%
6 UnitedHealth Group 4.50%
7 Stryker Corp. 4.40%
8 Boston Scientific Corporation 4.30%
9 Astrazeneca 4.30%
10 Thermo Fisher Scientific Inc. 4.00%
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