MAGHIGHCVT ETF UNITSMAGHIGHCVT ETF UNITSMAGHIGHCVT ETF UNITS

MAGHIGHCVT ETF UNITS

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Key stats


Assets under management (AUM)
‪420.63 M‬AUD
Fund flows (1Y)
‪−25.26 M‬AUD
Dividend yield (indicated)
5.82%
Discount/Premium to NAV
−0.4%
Shares outstanding
‪226.65 M‬
Expense ratio
1.50%

About MAGHIGHCVT ETF UNITS


Brand
Magellan
Inception date
Oct 11, 2019
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Primary advisor
Magellan Asset Management Ltd.
ISIN
AU0000163883
Magellan High Conviction Trust operates as a closed end investment fund. Its investment objective is to achieve risk-adjusted returns over the medium to long term, while reducing the risk of permanent capital loss in accordance with its investment strategy. The Fund also invests in outstanding companies and manage investment risk. The company was founded on July 16, 2019 and is headquartered in Sydney, Australia.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Vanilla
Geography
Global
Weighting scheme
Market cap
Selection criteria
Market cap
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to MHHT via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MHHT trades at 1.950 AUD today, its price has fallen −1.27% in the past 24 hours. Track more dynamics on MHHT price chart.
MHHT net asset value is 1.83 today — it's fallen 1.30% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MHHT assets under management is ‪420.63 M‬ AUD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MHHT price has risen by 15.73% over the last month, and its yearly performance shows a 5.12% increase. See more dynamics on MHHT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −1.30% over the last month, have fallen by −1.30% over the last month, showed a −11.77% decrease in three-month performance and has increased by 0.83% in a year.
MHHT fund flows account for ‪−25.26 M‬ AUD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MHHT expense ratio is 1.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MHHT isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, MHHT technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MHHT shows the buy signal. See more of MHHT technicals for a more comprehensive analysis.
Yes, MHHT pays dividends to its holders with the dividend yield of 5.82%.
MHHT trades at a premium (0.37%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MHHT shares are issued by Magellan Financial Group Ltd.
MHHT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 11, 2019.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.