Wealthcare Medical Healthcare Securities Fund62

Overview

The Wealthcare Medical Healthcare Securities Fund (the "Fund") is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity securities of healthcare companies. The Fund invests in a diversified portfolio of healthcare companies of all sizes, including large-cap, mid-cap, and small-cap companies. The Fund's investment objective is to seek long-term capital appreciation and to provide a level of current income that is consistent with the Fund's investment objective and policies.

Investment Strategy

The Fund's investment strategy is to invest primarily in equity securities of healthcare companies. The Fund may also invest in other investments, such as fixed income securities, convertible securities, and other hybrid securities. The Fund's investment team uses a combination of fundamental and technical analysis to select investments. The Fund's investment team considers a number of factors when selecting investments, including the company's financial performance, competitive position, management team, and industry trends. The Fund's investment team also considers the company's environmental, social, and governance (ESG) factors.

Risk Factors

The Fund is subject to a number of risks, including the following:
Market risk: The value of the Fund's investments may decline due to changes in the overall stock market or due to changes in the healthcare industry.
Company risk: The value of the Fund's investments may decline due to changes in the financial performance or competitive position of the companies in which the Fund invests.
Management risk: The Fund's investment team may make investment decisions that do not produce the desired results.
Liquidity risk: The Fund may not be able to sell its investments quickly and at a fair price in all market conditions.
Interest rate risk: The value of the Fund's fixed income investments may decline due to changes in interest rates.

Performance

The Fund's performance has been mixed in recent years. The Fund has outperformed the S&P 500 Index in some years and underperformed the index in other years. The Fund's performance is compared to the S&P 500 Index in the table below.| Year | Fund Return | S&P 500 Return |
|---|---|---|
| 2022 | -10.00% | -18.11% |
| 2021 | 20.00% | 28.71% |
| 2020 | 15.00% | 18.40% |
| 2019 | 10.00% | 28.88% |
| 2018 | -5.00% | -4.38% |

Conclusion

The Wealthcare Medical Healthcare Securities Fund is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity securities of healthcare companies. The Fund's investment objective is to seek long-term capital appreciation and to provide a level of current income that is consistent with the Fund's investment objective and policies. The Fund is subject to a number of risks, including market risk, company risk, management risk, liquidity risk, and interest rate risk. The Fund's performance has been mixed in recent years. Investors should consider the Fund's investment objectives, risks, charges, and expenses carefully before investing.

2025-02-16

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