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TSX · CAD · ETF

Manulife Multifactor U.S. Large Cap Index ETF (Hedged) (MULC.TO) ETF Analysis

MULC.TO
Expense ratio 0.42% Yield 0.8% Assets CA$208.21M Since April 17, 2017 Family Manulife Investments

Last Updated: October 20, 2026

CA$65.57
+CA$0.46 (+0.71%)

October 20, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare MULC.TO with… →

MULC.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+14.02%CA$114.02
3 years+19.11%CA$168.96
5 years+9.38%CA$156.56
Since February 2, 2018+10.91%CA$246.48

Returns are total returns computed from daily closes, with dividends reinvested. As of October 20, 2026.

MULC.TO Return by Calendar Year

2018 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+11.66%
2025+13.41%
2024+18.78%
2023+18.95%
2022−16.59%
2021+27.17%
2020+12.62%
2019+30.40%
2018 (partial year)−11.57%

MULC.TO Monthly Returns

−14%+13%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+1.1+0.6−7.3+10.4+5.4+0.5−0.1+1.5−1.3+1.2——
2025+3.3−2.4−5.2−2.2+6.2+4.5+2.2+2.2+1.8+0.9+0.8+1.1
2024+1.4+3.9+3.9−3.1+0.9+3.2+2.5+0.8+2.4−0.2+6.1−3.9
2023+3.8−1.0+1.2+0.9−0.5+6.0+2.8−1.7−4.5−3.7+8.8+6.1
2022−6.5−1.4+2.9−7.2+0.6−9.4+6.5−1.6−9.7+9.2+2.6−2.0
2021−0.2+3.5+4.4+4.9+0.7+1.6+2.6+2.5−5.0+6.4−1.3+4.9
2020+0.0−10.9−13.4+11.8+4.5+1.3+6.2+5.2−2.1−2.8+12.4+3.3
2019+8.5+3.8+0.1+4.9−6.0+6.1+2.5−3.1+2.1+1.9+4.2+2.5
2018——−3.4+2.3+1.2+1.5+2.2+2.6+0.3−8.3+2.9−9.8

Monthly total returns with dividends reinvested; each cell prints its signed value.

MULC.TO Volatility & Risk

Volatility: 8 yrs · Beta: 3 yrs
Annualized volatility
18.33%
Beta (3y)
0.90
Best year
+30.40%

2019

Worst year
−16.59%

2022

Volatility is the annualized standard deviation of daily returns. As of October 20, 2026.

Top Holdings

# Symbol Name Weight
1 AAPL Apple Inc 4.61%
2 NVDA NVIDIA Corp 4.33%
3 MSFT Microsoft Corp 3.32%
4 AMZN Amazon.com Inc 2.84%
5 GOOGL Alphabet Inc Class A 2.56%
6 META Meta Platforms Inc Class A 1.88%
7 AVGO Broadcom Inc 1.59%
8 MU Micron Technology Inc 1.31%
9 JPM JPMorgan Chase & Co 1.21%
10 LLY Eli Lilly and Co 1.04%

Analysis

Data-derived

Fund Overview

Manulife Multifactor U.S. Large Cap Index ETF (Hedged) (MULC.TO) is an exchange-traded fund. Total net assets stand at CA$208.21M. Annual costs run at an expense ratio of 0.42%. On a CA$10,000 position that is CA$42.00 a year. Manulife Investments is the fund family on file. It has been trading since April 17, 2017.

The largest positions on file are Apple Inc (AAPL), NVIDIA Corp (NVDA), and Microsoft Corp (MSFT). Apple Inc alone accounts for 4.61% of the portfolio. The ten largest positions together make up 24.7% of the fund.

Performance Analysis

MULC.TO last closed at CA$65.57 on October 20, 2026. Over the trailing twelve months the total return is +14.02%. Measured over 5 years, that is +9.38% a year compounded. The fund distributes at a trailing yield of 0.8%.

So far in 2026 the total return is +11.66%. The strongest complete calendar year on file is 2019 at +30.40%; the weakest is 2022 at −16.59%. Of the 7 complete calendar years on file, 6 finished higher.

Price & Risk Profile

Daily returns over the trailing 8 years annualize to a volatility of 18.33%. Beta against the wider market is reported at 0.9. Over the past 52 weeks the price has ranged from CA$55.45 to CA$67.07. The latest close sits 18.25% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 20, 2026.

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