Milliman Sector ETFs Desk

Milliman vs SPDR in Sectors

Milliman2 funds

SPDRState Street · 32 funds

[…]Money made$54.7B

$2.6MAssets$427B

$14KFees earned$426M

[…]Win %84%

[…]Typical return+16.0%

$0.55Fee per $100$0.10

2Funds32

2Launches 20260

1–0SPDR wins

Milliman and SPDR sectors ETFs · past year results · as of Nov 5, 2026 · each pair scaled to its larger value

Milliman Sector ETFs

1Y2 funds

#			Trend			YTD	1Y	Made
1	MHIP	Healthcare Inflation PlusRead Desk		0.55%	—	new	new	[…]	$1.6M
2	MHIG	Healthcare Inflation GuardRead Desk		0.55%	—	new	new	[…]	$1.0M

1–2 of 2 · most assets first

Milliman sectors ETFs · current AUM · past year returns · money made is an estimate · as of Nov 5, 2026

Cards for This View

Sectors ETF Sectors

Energy+38.8%38 funds Health care+29.7%39 funds Materials+23.7%15 funds Financials+12.7%33 funds Real estate+12.2%46 funds Technology+11.6%58 funds Consumer+10.2%31 funds Industrials+5.6%16 funds Utilities+0.1%10 funds Communication−4.7%10 funds

Sectors ETFs · 1Y return, asset-weighted · as of Nov 5, 2026

Largest ETFs in Each Sector

Today

TechnologyVGT XLK IYW$368B

Health careXLV VHT XBI$110B

Real estateVNQ SCHH DFAR$101B

FinancialsXLF VFH KBWB$99.0B

EnergyXLE AMLP VDE$87.8B

ConsumerXLY XLP VDC$60.0B

IndustrialsXLI AIRR VIS$57.4B

UtilitiesXLU VPU FUTY$37.5B

CommunicationXLC VOX FCOM$31.0B

MaterialsXLB VAW IYM$15.1B

Sectors ETFs · current AUM · Milliman in ink · as of Nov 5, 2026

Milliman in Sectors

Today

Milliman $2.6MEveryone else $967B

Milliman holds less than 1% of Sectors AUM

Milliman ETFs · current holdings · as of Nov 5, 2026

Milliman’s Sector Funds vs AUM

Today

<1% of the funds<1% of the AUM

Sector ETFsFundsAUM

Milliman2 · <1%$2.6M · <1%

Everyone else294 · 99%$967B · 100%

Sectors ETFs · current AUM · as of Nov 5, 2026 · 296 funds

Milliman vs SPDR in Sectors

Milliman2 funds

SPDRState Street · 32 funds

[…]Money made$54.7B

$2.6MAssets$427B

$14KFees earned$426M

[…]Win %84%

[…]Typical return+16.0%

$0.55Fee per $100$0.10

2Funds32

2Launches 20260

1–0SPDR wins

Milliman and SPDR sectors ETFs · past year results · as of Nov 5, 2026 · each pair scaled to its larger value

Milliman vs SPDR in Sectors

Milliman Sector ETFs

Milliman Sector ETFs by AUM

Milliman’s Sector Funds

Biggest Milliman Sector ETFs

Cards for This View

Sectors ETF Sectors

Largest ETFs in Each Sector

Milliman in Sectors

Milliman’s Sector Funds vs AUM

Milliman vs SPDR in Sectors