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MHIP ETF — Milliman Healthcare Inflation Plus ETF
Milliman Healthcare Inflation Plus ETF (MHIP)
Updated October 16, 2026.
MHIP is an ETF. its expense ratio is 0.55%. Total return is 6.9% over the past 0.5 years, 2.1 points behind SPY at 9.0%.
Milliman Healthcare Inflation Plus ETF is an equity fund that invests in U.S. healthcare companies and healthcare supply chain businesses across all market capitalizations, using a factor-based approach to determine portfolio weights. The fund is non-diversified and does not currently distribute income to shareholders. It carries an expense ratio of 0.55%.
MHIP holdings and sector exposure
Holdings are not available for this snapshot.
MHIP performance versus SPY
Price and return data through 2026-10-16.
Total return is 6.9% over the past 0.5 years, 2.1 points behind SPY at 9.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.0% | — |
| 3M | 5.7% | — |
| YTD | 6.9% | — |
| Since inception (0.5 years) | 6.9% | — |
MHIP key facts
- Issuer
- Milliman
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/20/2026
- Expense ratio
- 0.55%
- Distribution frequency
- None
- Last close
- $21.16 (as of 2026-10-16)
- AUM
- $1,563,882
- Average volume
- 17.0
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Milliman; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
MHIP risks and drawbacks
Total return has trailed SPY over the available window.
Who may consider MHIP — and who may not
It is a weaker fit for investors who need monthly cash flow (MHIP does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on MHIP
Frequently asked questions
Does MHIP pay monthly?
No. MHIP does not currently distribute.
What is MHIP's expense ratio?
MHIP's expense ratio is 0.55%.
When does MHIP pay a dividend?
MHIP does not currently distribute.
How has MHIP performed?
Total return is 6.9% over the past 0.5 years, 2.1 points behind SPY at 9.0%.
More securities from Milliman.
Tickers
Holdings as-of date unavailable.
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