Mulvihill US Health Care Enhanced Yield ETF Announces Strategic Changes to Enhance Performance
New York, NY – [Date]
– Mulvihill Capital Management, LLC (MCM) today announced strategic changes to the Mulvihill US Health Care Enhanced Yield ETF (HVY) to enhance its performance and better meet the needs of investors.
Enhanced Yield Strategy
To increase the ETF’s yield, MCM has refined its investment strategy to target a higher proportion of income-generating healthcare sectors. This adjustment is expected to significantly enhance the ETF’s yield profile without compromising its overall investment objectives.
Increased Sector Exposure
HVY will now allocate a larger portion of its portfolio to sectors that historically offer attractive dividend yields, such as biotechnology, pharmaceuticals, and medical devices. These sectors are characterized by companies with strong cash flows and a track record of dividend payments.
Dividend Policy
MCM has also implemented a more active dividend policy for HVY. The ETF will now strive to distribute a monthly dividend, providing investors with a regular income stream. The dividend will be calculated based on the ETF’s net income and will be adjusted as necessary to maintain a stable distribution rate.
Index Divergence
As part of the strategic changes, HVY will no longer track the Health Care Select Sector SPDR Fund (XLV). This decision was made to provide the portfolio managers with greater flexibility to pursue the enhanced yield strategy and better position the ETF for long-term growth.
Portfolio Optimization
MCM has conducted extensive research and analysis to identify healthcare companies that offer the potential for capital appreciation and income generation. The portfolio will be optimized to include companies with strong fundamentals, competitive advantages, and a commitment to shareholder returns.
Management Outlook
“We believe that these strategic changes will significantly enhance the performance of HVY,” said John Mulvihill, CEO of Mulvihill Capital Management. “By increasing the ETF’s yield, expanding our sector exposure, and implementing a more active dividend policy, we aim to provide investors with a compelling income solution in the healthcare sector.” HVY is actively managed by MCM, a specialist investment manager with a long-standing track record in the healthcare industry. The ETF has total assets under management of approximately $100 million as of [Date].
About Mulvihill Capital Management
Mulvihill Capital Management is a boutique investment manager specializing in healthcare. The firm uses a fundamental research-based approach to identify investment opportunities across the healthcare sector. Mulvihill Capital Management offers a range of investment products, including mutual funds and ETFs.
About the Mulvihill US Health Care Enhanced Yield ETF
The Mulvihill US Health Care Enhanced Yield ETF (HVY) provides investors with exposure to the healthcare sector while seeking to enhance yield. The ETF invests in a diversified portfolio of healthcare companies selected for their yield potential, capital appreciation opportunities, and overall quality.
Mulvihill US Health Care Enhanced Yield ETF Announces $4,387,000.00 Monthly Distribution
New York, NY, March 10, 2023 (GLOBE NEWSWIRE) — Mulvihill Capital Management (“MCM”), investment adviser to the Mulvihill US Health Care Enhanced Yield ETF (NYSE: HYE), today announced the ETF’s $4,387,000.00 monthly distribution for March 2023. The ex-dividend date for the distribution is March 15, 2023, and the record date is March 16, 2023. The distribution will be paid on March 31, 2023. HYE has outperformed its benchmark, the S&P 500 Health Care Index, since inception. HYE’s annualized return since inception is 11.20%, compared to 9.64% for the S&P 500 Health Care Index.
About Mulvihill Capital Management
Mulvihill Capital Management is an investment adviser specializing in the healthcare sector. The firm was founded in 2010 by John Mulvihill, a former healthcare analyst at Goldman Sachs. MCM manages a range of investment products, including mutual funds, ETFs, and separate accounts.
About the Mulvihill US Health Care Enhanced Yield ETF
The Mulvihill US Health Care Enhanced Yield ETF is an actively managed ETF that invests in a portfolio of US healthcare companies. The ETF’s investment objective is to provide investors with current income and long-term capital appreciation. HYE is listed on the NYSE Arca, Inc. and has an expense ratio of 0.50%.
Disclaimer
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. The information contained herein is subject to change without notice, and MCM assumes no responsibility for any errors or omissions. Investors should carefully consider the investment objectives, risks, charges, and expenses of HYE before investing.
