MUSC.TO
Manulife Multifactor U.S. Small Cap Index ETF
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 6.3 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Inception date | Nov 27, 2017 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ARROW ELECTRONICS INC | 0.6 % |
| LITTELFUSE INC | 0.6 % |
| PLATFORM SPECIALTY PRODUCTS | 0.6 % |
| AAON INC | 0.6 % |
| LUMEN TECHNOLOGIES, INC. | 0.6 % |
| DARLING INTERNATIONAL INC | 0.6 % |
| SANMINA CORP | 0.5 % |
| RYDER SYSTEM INC | 0.5 % |
| CIRRUS LOGIC INC | 0.5 % |
| FIRSTCASH, INC. | 0.5 % |
Constituent Breakdown
| Number of holdings | 489 |
| Herfindahl-Hirschman Index | 27 |
| Wgt avg mkt cap (mns) | $4,903 |
| Large cap (>$10bn) | 0.5% |
| Mid cap ($2-10bn) | 91.9% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 95.8% |
| Emerging mkts. | 0.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 92.1 % |
 |
BERMUDA | 1.2 % |
 |
SWITZERLAND | 0.9 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.8% | 16.2% | 8.9% | 12.0% | 3.8% | -- | -- | 4.6% |
| Dividend Yield | 0.0% | 7.0% | 3.8% | 3.1% | 2.5% | -- | -- | 1.9% |
| Total Returns | 7.8% | 23.1% | 12.7% | 15.2% | 6.3% | -- | -- | 6.5% | Ann. Volatility | 13.2% | 13.5% | 18.5% | 17.4% | 17.9% | -- | -- | 22.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.05 | 0% |
| MSCI EAFE | 0.12 | 2% |
| MSCI Emg Mkts | 0.09 | 2% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $38.66 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 0.18/0.23 |
| Bollinger Bands (Upper/Lower) | $39.32/$38.38 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MUSC.TO |
Expenses vs. MUSC.TO |
ALTAR Score™ vs. MUSC.TO |
|---|---|---|---|---|
| ZSML.TO | BMO S&P US Small Cap Index ETF | 40.0% | -30 bp | -0.2% |
| ZMID.TO | BMO S&P US Mid Cap Index ETF | 26.8% | -35 bp | -0.3% |
| UMI.TO | CI U.S. MidCap Dividend Index ETF | 24.2% | -15 bp | +1.9% |
| TQSM.TO | TD Q U.S. Small-Mid-Cap Equity ETF | 20.5% | -10 bp | +0.9% |
| CAUV.TO | Avantis CIBC U.S. Small Cap Value ETF | 18.7% | -15 bp | +1.4% |
| CASV.TO | Avantis CIBC Global Small Cap Value ETF | 16.6% | -11 bp | +1.6% |
| DMID.TO | Desjardins American Mid Cap Equity Index ETF | 14.1% | -40 bp | -0.7% |
| VVL.TO | Vanguard Global Value Factor ETF | 10.7% | -15 bp | +3.0% |
Risk and Returns: MUSC.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
6.9%
ALTAR SCORE™
79th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. MUSC.TO's ALTAR Score™ is approximately 0.8 standard
deviations above the category average. This places MUSC.TO in the 79th percentile
among funds in the category.
Sell-Side Consensus
$44.35
PRICE TARGET
+14.5%
UPSIDE