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Middlefield ETFs
An actively managed global health-care equity fund: 44 stocks, 80% United States, unhedged, for 0.85% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Active equity portfolio with a Healthcare tilt. 97.2% of the portfolio is currently in Healthcare, so sector positioning carried meaningful weight in results.
Top holding: Eli Lilly and Co 7.0% (broad) · Top sector: Healthcare 97.2% (single-sector) · Top region: United States 80.0% (single-country)
Healthcare 97.2%·Real Estate 2.8%
United States 80.0%·Europe 11.8%·Canada 5.6%·Japan 2.6%
Source: fund provider disclosure.
The management fee was 0.85% a year, or about $85 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $156M· net assets |
| Listed | 2017· 9 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | MHCD.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Healthcare |
| Geography | Global / World |
| Provider | Middlefield ETFs |
| Mgmt fee | 0.85% |
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Prices as of last close.
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