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Middlefield Healthcare Dividend Fund Series A

Sector Equity

Fundata ESG GradeA Click for more information on Fundata’s ESG Grade

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-13-2024)
$17.00
Change
$0.01 (0.08%)

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Middlefield Healthcare Dividend Fund Series A

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Fund Returns

Inception Return (October 23, 2014): 9.66%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.81% 2.49% 11.33% 9.89% 11.84% 8.67% 10.16% 7.54% 9.37% 8.85% 7.37% 7.86% 8.04% -
Benchmark 2.77% 5.07% 11.79% 7.58% 17.55% 7.08% 7.35% 13.44% 10.14% 8.92% 8.75% 9.19% 7.72% 7.53%
Category Average 3.06% 13.94% 13.94% 9.58% 20.51% 14.24% 4.50% 10.34% 11.63% 10.50% 10.49% 11.66% 10.14% 11.73%
Category Rank 131 / 191 78 / 190 91 / 189 77 / 189 114 / 171 105 / 155 33 / 139 66 / 130 68 / 124 62 / 112 60 / 91 63 / 86 43 / 79 -
Quartile Ranking 3 2 2 2 3 3 1 3 3 3 3 3 3 -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.21% -0.16% 1.83% -3.75% -1.45% 2.91% 1.31% 4.60% 2.50% 2.88% -2.15% 1.81%
Benchmark 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77%

Best Monthly Return Since Inception

8.97% (January 2015)

Worst Monthly Return Since Inception

-6.40% (February 2021)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 28.40% -4.85% 8.04% 11.03% 11.71% 7.28% 17.63% 0.90% -0.41%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 17.30% 16.21% -0.43% 20.39% 1.55% 22.37% 29.99% 15.34% -25.24% 26.53%
Quartile Ranking - 1 3 4 1 4 4 2 1 4
Category Rank - 16/ 79 60/ 86 73/ 86 14/ 106 107/ 117 112/ 127 59/ 132 16/ 149 127/ 161

Best Calendar Return (Last 10 years)

28.40% (2015)

Worst Calendar Return (Last 10 years)

-4.85% (2016)

Asset Allocation

Asset Allocation
Name Percent
US Equity 72.57
International Equity 19.11
Income Trust Units 6.11
Canadian Equity 1.14
Cash and Equivalents 1.08
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Healthcare 92.50
Consumer Services 3.09
Real Estate 1.70
Mutual Fund 1.64
Cash and Cash Equivalent 1.08
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.90
Europe 19.11
Other -0.01

Top Holdings

Top Holdings
Name Percent
Eli Lilly and Co 7.33
AstraZeneca PLC 5.68
Merck & Co Inc 5.44
UnitedHealth Group Inc 5.03
Abbvie Inc 4.81
Chartwell Retirement Residences - Units 4.46
Boston Scientific Corp 4.40
Thermo Fisher Scientific Inc 4.08
Johnson & Johnson 4.02
Stryker Corp 3.93

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Middlefield Healthcare Dividend Fund Series A

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 11.67% 11.40% -
Beta 0.49% 0.36% -
Alpha 0.06% 0.06% -
Rsquared 0.32% 0.23% -
Sharpe 0.64% 0.67% -
Sortino 1.03% 0.94% -
Treynor 0.15% 0.21% -
Tax Efficiency 87.16% 85.51% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.34% 11.67% 11.40% -
Beta 0.47% 0.49% 0.36% -
Alpha 0.04% 0.06% 0.06% -
Rsquared 0.42% 0.32% 0.23% -
Sharpe 0.81% 0.64% 0.67% -
Sortino 1.72% 1.03% 0.94% -
Treynor 0.14% 0.15% 0.21% -
Tax Efficiency 89.37% 87.16% 85.51% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date October 23, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $61

Fund Codes

FundServ Code Load Code Sales Status
MID325
MID327
MID330

Investment Objectives

The Fund’s objective is to provide holders of units with (i) stable monthly cash distributions, and (ii) long-term total returns through distributions and capital appreciation of the Fund’s portfolio. The Fund’s investment strategy focuses on investing in dividend paying securities of global issuers that derive a significant portion of their revenue or earnings from products or services related to healthcare.

Investment Strategy

In determining which individual investments to include in the portfolio the Manager will consider: a company’s balance sheet, cash flow characteristics, profitability, industry position, future growth potential and management ability. The investment strategy follows strong discipline with regard to price paid to acquire portfolio investments.

Portfolio Manager(s)

Name Start Date
Dean C. Orrico 06-16-2016
Robert Moffat 06-07-2021

Management and Organization

Fund Manager Middlefield Limited (ML)
Advisor Middlefield Capital Corporation (MCC)
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor Middlefield Capital Corporation (MCC)
Auditor Deloitte & Touche LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 100

Fees

MER 2.54%
Management Fee 2.00%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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