Middlefield Sustainable Innovation & Health Dividend Fund

Fund Description

The Fund invests in a leading global innovative technology and healthcare companies in the public and private markets. This includes an investment in Sagard Healthcare Royalty Partners which acquires royalties, provides royalty-backed loans and invest directly in approved biopharmaceuticals, diagnostics and medical devices in return for a royalty on direct sales.

Key Reasons to Invest:

  • exposure to an actively managed fund which provides tax-efficient monthly distributions
  • a high conviction portfolio of companies focused on the innovation and healthcare industries, two sectors characterized by ongoing developments in technology
  • portfolio companies are selected with an emphasis on environmental, social and governance factors to complement rigorous fundamental analysis

SIH.UN 

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

Fund Overview

  • Ticker/CUSIP:
    SIH.UN/86934T106
  • Inception Date:
    August 14, 2020
  • Monthly Distribution:
    $0.03333
  • Advisor:
    Middlefield Capital Corporation
  • Eligibility:
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    1.10%
  • Risk Rating:
    Not Rated
  • Exchange:
    Toronto Stock Exchange

Industry Advisor

Fund Managers

Headshot of Robert Lauzon
Robert F. Lauzon
Managing Director and Chief Investment Officer
Headshot of Robert Moffat
Robert Moffat
Portfolio Manager
Shane Obata
Portfolio Manager

Performance

 
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 -1.29% 8.50% 25.69% 14.88% 23.24% 11.56% - - 11.16% 13.13% -13.59% 24.33% -

Distributions

Total NAV & Distributions (since inception)  
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
June 30, 2024 July 15, 2024 0.03333
May 31, 2024 June 14, 2024 0.03333
April 30, 2024 May 15, 2024 0.03333
March 31, 2024 April 15, 2024 0.03333
February 29, 2024 March 15, 2024 0.03333
January 31, 2024 February 15, 2024 0.03333
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 31, 2023 January 15, 2024 0.03333
November 30, 2023 December 15, 2023 0.03333
October 31, 2023 November 15, 2023 0.03333
September 30, 2023 October 13, 2023 0.03333
August 31, 2023 September 15, 2023 0.03333
July 31, 2023 August 15, 2023 0.03333
June 30, 2023 July 14, 2023 0.03333
May 31, 2023 June 15, 2023 0.03333
April 30, 2023 May 15, 2023 0.03333
March 31, 2023 April 14, 2023 0.03333
February 28, 2023 March 15, 2023 0.03333
January 31, 2023 February 15, 2023 0.03333
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 31, 2022 January 13, 2023 0.03333
November 30, 2022 December 15, 2022 0.03333
October 31, 2022 November 15, 2022 0.03333
September 30, 2022 October 14, 2022 0.03333
August 31, 2022 September 15, 2022 0.03333
July 31, 2022 August 15, 2022 0.03333
June 30, 2022 July 15, 2022 0.03333
May 31, 2022 June 15, 2022 0.03333
April 30, 2022 May 13, 2022 0.03333
March 31, 2022 April 14, 2022 0.03333
February 28, 2022 March 15, 2022 0.03333
January 31, 2022 February 15, 2022 0.03333
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 31, 2021 January 14, 2022 0.03333
November 30, 2021 December 15, 2021 0.03333
October 31, 2021 November 15, 2021 0.03333
September 30, 2021 October 15, 2021 0.03333
August 31, 2021 September 15, 2021 0.03333
July 31, 2021 August 13, 2021 0.03333
June 30, 2021 July 15, 2021 0.03333
May 31, 2021 June 15, 2021 0.03333
April 30, 2021 May 14, 2021 0.03333
March 31, 2021 April 15, 2021 0.03333
February 28, 2021 March 15, 2021 0.03333
January 31, 2021 February 12, 2021 0.03333
RECORD DATE PAYMENT DATE PAYMENT AMOUNT
December 31, 2020 January 15, 2021 0.03333
November 30, 2020 December 15, 2020 0.03333
October 31, 2020 November 13, 2020 0.03333

Fund Details

Sector Allocation (%)

As Of March 31, 2024
Healthcare 53.00%
Technology 26.20%
Communication Services 14.30%
Consumer Discretionary 4.90%
Financials 1.60%

Geographic Allocation (%)

As Of March 31, 2024
Canada 4.80%
U.S. 95.20%
International 0.00%

Top 10 Holdings

1 Sagard Healthcare Royalty Partners 16.90%
2 Alphabet Inc. 8.10%
3 NVIDIA Corp. 6.30%
4 Meta Platforms, Inc. 6.20%
5 Microsoft Corp. 5.70%
6 Thermo Fisher Scientific Inc. 5.00%
7 Amazon.com Inc. 4.90%
8 Eli Lilly and Company 4.90%
9 CONSTELLATION SOFTWARE INC 4.80%
10 Abbvie Inc. 4.80%
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