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 2022 2021 2020 2019
October 31, 2023 -1.47% -3.40% -5.83% -4.49% -2.97% 5.87% 6.15% - 8.65% 0.90% 17.62% 7.25% 11.72%

Performance (Series F)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2022 2021 2020 2019
October 31, 2023 -1.41% -3.13% -5.27% -3.57% -1.86% 7.05% 7.33% - 9.58% 2.03% 18.97% 8.43% 13.01%

Distributions (Series A)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
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

Distributions (Series F)

Total NAV & Distributions (since inception)  
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RECORD DATE PAYMENT DATE PAYMENT AMOUNT
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

Fund Details

Sector Allocation (%)

As Of October 31, 2023
Pharmaceuticals 37.70%
Health Care Equipment 23.50%
Biotechnology 12.10%
Managed Health Care 8.20%
Life Sciences Tools & Services 6.40%
Health Care Facilities 4.30%
Health Care Distributors 2.90%
Health Care REITs 2.00%
Personal Care Products 1.60%
Health Care Services 1.30%

Geographic Allocation (%)

As Of October 31, 2023
Canada 5.20%
U.S. 81.20%
International 13.60%

Top 10 Holdings

1 Eli Lilly and Company 6.90%
2 UnitedHealth Group 5.60%
3 Merck & Co. 5.30%
4 Johnson & Johnson 4.80%
5 Astrazeneca 4.80%
6 Abbvie Inc. 4.60%
7 Chartwell Retirement Residences 4.30%
8 Stryker Corp. 4.10%
9 Boston Scientific Corporation 4.00%
10 BECTON DICKINSON & CO 3.70%
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