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Middlefield Healthcare Dividend Fund Series A
Health Care Equity
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FundGrade B
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade A
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FundGrade A+® Rating Recipient
2025
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|
NAVPS (05-13-2026) |
$15.98 |
|---|---|
| Change |
$0.10
(0.64%)
|
As at April 30, 2026
As at April 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (October 23, 2014): 8.16%
| 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 | -2.88% | -5.94% | -2.43% | -6.52% | 1.32% | 1.78% | 3.17% | 4.42% | 6.09% | 5.42% | 6.67% | 6.97% | 5.96% | 6.99% |
| Benchmark | -2.20% | -5.11% | -0.92% | -4.87% | 5.78% | 3.80% | 4.47% | 5.87% | 5.46% | 5.98% | 7.70% | 8.37% | 7.92% | 8.80% |
| Category Average | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Category Rank | 25 / 53 | 23 / 51 | 31 / 51 | 24 / 51 | 34 / 51 | 27 / 49 | 18 / 43 | 15 / 41 | 6 / 39 | 13 / 36 | 13 / 35 | 12 / 32 | 14 / 29 | 14 / 29 |
| Quartile Ranking | 2 | 2 | 3 | 2 | 3 | 3 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -3.48% | 0.20% | -1.92% | 3.37% | 1.45% | 4.40% | 7.38% | -2.79% | -0.62% | 3.53% | -6.46% | -2.88% |
| Benchmark | -3.48% | 0.91% | -0.60% | 4.16% | 2.38% | 3.42% | 7.21% | -2.85% | 0.25% | 3.41% | -6.17% | -2.20% |
Best Monthly Return Since Inception
8.97% (January 2015)
Worst Monthly Return Since Inception
-6.46% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -4.85% | 8.04% | 11.03% | 11.71% | 7.28% | 17.63% | 0.90% | -0.41% | 11.00% | 7.76% |
| Benchmark | -8.68% | 14.01% | 11.82% | 17.06% | 13.59% | 15.28% | -1.72% | 1.42% | 9.95% | 9.64% |
| Category Average | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 4 | 1 | 4 | 4 | 2 | 2 | 3 | 1 | 3 |
| Category Rank | 5/ 29 | 23/ 29 | 8/ 32 | 33/ 34 | 31/ 35 | 19/ 38 | 12/ 40 | 27/ 41 | 11/ 48 | 27/ 50 |
Best Calendar Return (Last 10 years)
17.63% (2021)
Worst Calendar Return (Last 10 years)
-4.85% (2016)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 70.46 |
| International Equity | 18.45 |
| Cash and Equivalents | 4.43 |
| Income Trust Units | 3.78 |
| Canadian Equity | 2.88 |
Sector Allocation
| Name | Percent |
|---|---|
| Healthcare | 90.80 |
| Cash and Cash Equivalent | 4.43 |
| Consumer Services | 4.20 |
| Other | 0.57 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 81.55 |
| Europe | 15.91 |
| Asia | 2.53 |
| Other | 0.01 |
Top Holdings
| Name | Percent |
|---|---|
| Johnson & Johnson | 6.33 |
| Eli Lilly and Co | 6.25 |
| AstraZeneca PLC | 5.22 |
| Abbvie Inc | 4.99 |
| Cash and Cash Equivalents | 4.43 |
| Merck & Co Inc | 4.30 |
| Thermo Fisher Scientific Inc | 3.96 |
| Chartwell Retirement Residences - Units | 3.78 |
| Stryker Corp | 3.31 |
| Intuitive Surgical Inc | 3.24 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Middlefield Healthcare Dividend Fund Series A
Median
Other - Health Care Equity
3 Yr Annualized
| Standard Deviation | 11.57% | 12.06% | 11.52% |
|---|---|---|---|
| Beta | 0.98 | 0.98 | 0.93 |
| Alpha | -0.01 | 0.01 | -0.01 |
| Rsquared | 0.93% | 0.92% | 0.88% |
| Sharpe | 0.01 | 0.31 | 0.48 |
| Sortino | 0.10 | 0.46 | 0.59 |
| Treynor | 0.00 | 0.04 | 0.06 |
| Tax Efficiency | 63.02% | 79.26% | 81.40% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 13.76% | 11.57% | 12.06% | 11.52% |
| Beta | 1.03 | 0.98 | 0.98 | 0.93 |
| Alpha | -0.04 | -0.01 | 0.01 | -0.01 |
| Rsquared | 0.97% | 0.93% | 0.92% | 0.88% |
| Sharpe | -0.02 | 0.01 | 0.31 | 0.48 |
| Sortino | -0.09 | 0.10 | 0.46 | 0.59 |
| Treynor | 0.00 | 0.00 | 0.04 | 0.06 |
| Tax Efficiency | 14.21% | 63.02% | 79.26% | 81.40% |
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) | $52 |
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 Management
| Portfolio Manager |
Middlefield Limited
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Middlefield Limited (ML) |
|---|---|
| Custodian |
RBC Investor Services Trust (Canada) |
| Registrar |
RBC Investor Services Trust (Canada) |
| Distributor |
Middlefield Limited |
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 | 2.51% |
|---|---|
| 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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