Healthcare Dividend Fund | Middlefield Group

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

Ways To Invest Fact Sheet Press Releases Prospectus (English) Prospectus (French) All Fund Documents

Featured Insights

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

Dr. Richard Evans

Fund Managers

Robert Moffat

Portfolio Manager

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)

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
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
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
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
December 30, 2019	December 31, 2019	0.04
November 28, 2019	November 29, 2019	0.04
October 30, 2019	October 31, 2019	0.04
September 27, 2019	September 30, 2019	0.04
August 29, 2019	August 30, 2019	0.04
July 30, 2019	July 31, 2019	0.04
June 27, 2019	June 28, 2019	0.04
May 30, 2019	May 31, 2019	0.04
April 29, 2019	April 30, 2019	0.04
March 28, 2019	March 29, 2019	0.08

Distributions (Series F)

Total NAV & Distributions (since inception)

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
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
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
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
December 30, 2019	December 31, 2019	0.04
November 28, 2019	November 29, 2019	0.04
October 30, 2019	October 31, 2019	0.04
September 27, 2019	September 30, 2019	0.04
August 29, 2019	August 30, 2019	0.045
July 30, 2019	July 31, 2019	0.04
June 27, 2019	June 28, 2019	0.04
May 30, 2019	May 31, 2019	0.04
April 29, 2019	April 30, 2019	0.04
March 28, 2019	March 29, 2019	0.08

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%

Middlefield Healthcare Dividend Fund

Fund Description

Key Reasons to Invest:

Featured Insights

Fund Overview

Industry Advisor

Dr. Richard Evans

Fund Managers

Robert Moffat

Dean Orrico

Performance (Series A)

Performance (Series F)

Distributions (Series A)

Distributions (Series F)

Fund Details

Sector Allocation (%)

Geographic Allocation (%)

Top 10 Holdings

Middlefield Capital Corporation

Middlefield International Ltd

Middlefield Limited

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Middlefield Healthcare Dividend Fund

Fund Description

Key Reasons to Invest:

Featured Insights

Fund Overview

Industry Advisor

Dr. Richard Evans

Fund Managers

Robert Moffat

Dean Orrico

Performance (Series A)

Performance (Series F)

Distributions (Series A)

Distributions (Series F)

Fund Details

Sector Allocation (%)

Geographic Allocation (%)

Top 10 Holdings

Subscribe for Insights

Subscribe to Our Insights!

Subscribe for MCT Updates