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- Upturn Summary
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Upturn AI Summary
Milliman Funds Trust(MHIP)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MHIP
11/06/2026: MHIP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
MHIP is an actively managed ETF that uses a rules-based options strategy to provide U.S. large-cap equity exposure with a defined level of downside protection. Its main strength lies in Milliman's institutional expertise in risk management, offering a disciplined approach for risk-averse investors to participate in market gains while limiting loss potential. It is primarily suited for long-term investors who value capital preservation over pure growth. The primary risks involve the capped upside potential, which limits gains in strong markets, and the potential for losses if the market declines beyond the buffer threshold. Investors should monitor the fund’s cap/buffer reset dates and the overall liquidity of the product.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The capped upside limits the potential for aggressive growth compared to pure equity exposure. |
| Momentum investor | Weak fit | The structural nature of buffer ETFs is generally counter-productive to momentum-based trading strategies. |
| Value investor | Mixed fit | Value investors may appreciate the downside protection as a hedge against overvaluation. |
| Dividend/Income investor | Mixed fit | The fund prioritizes capital preservation over high-yield dividend distribution. |
| Low-risk investor | Strong fit | The defined downside protection is specifically engineered for investors looking to limit volatility and potential loss. |
Investor Profile
Ideal Investor Profile
Conservative or risk-aware investors, including those in retirement, who want equity exposure but cannot tolerate large drawdowns.
Suitability
Best for long-term investors who hold the ETF for the duration of the outcome period and understand the trade-off between capped gains and downside protection.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | The buffer strategy is designed to dampen the impact of market volatility. |
| Market risk | Medium | Investors remain exposed to the equity market, especially losses exceeding the buffer floor. |
| Concentration | Medium | The fund is concentrated in specific U.S. equity benchmarks and options strategies. |
| Tracking/expense | Medium | The cost of active management and option hedging impacts net returns. |
| Liquidity | Medium / high | Lower trading volumes can lead to wider spreads and difficulty executing large trades. |
| Business/sector quality | Medium | Reliance on specific option contracts creates a unique risk profile dependent on counterparty and market mechanics. |
Risk Analysis
Volatility
Historical volatility is managed by the options overlay, which truncates the return distribution on the downside.
Market Risk
Investors face the risk of the underlying equity index declining beyond the buffer's protective floor, leading to unmitigated losses.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Equity | U.S. Large-Cap Equity Index Exposure | 95 | Provides the core market exposure necessary to participate in potential equity market gains. |
| Derivatives | FLEX Options (Put and Call Spreads) | 4 | These options are used to establish the buffer and cap levels for the defined outcome period. |
| Cash/collateral | Cash and Cash Equivalents | 1 | Maintains liquidity for daily operational requirements and collateral for option positions. |
Analysis of Past Performance
Type ETF | Historic Profit 1.65% | Avg. Invested days 19 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
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