Overview
US medical device makers — surgical robots, imaging, diagnostics and implants, around 51 companies from Abbott to Intuitive Surgical.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| ABT | Abbott Laboratories | 14.8% |
| ISRG | Intuitive Surgical | 13.9% |
| SYK | Stryker Corp. | 9.6% |
| MDT | Medtronic plc | 8.8% |
| BSX | Boston Scientific | 8.4% |
| EW | Edwards Lifesciences | 4.1% |
| GEHC | GE HealthCare | 3.6% |
| IDXX | IDEXX Laboratories | 3.2% |
| RMD | ResMed Inc. | 2.8% |
| ZBH | Zimmer Biomet | 2.4% |
Fund Details
Investment Thesis
Med-tech is having its contrarian moment: a -16% year driven by GLP-1 disruption fears, tariff costs and utilisation worries has priced a chronically premium sector at decade-low relative valuations — while procedure volumes keep growing and surgical robotics compound regardless. IHI is the classic quality-sector-on-sale setup for investors who believe aging demographics outlast headline scares.
Who It's For
Contrarian healthcare investors buying a structural-growth niche in a drawdown, and sector rotators pairing it against big-pharma exposure. Patience required — sentiment turns slowly here.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $27.60 | -- |
| 2017 | $35.88 | +30.0% |
| 2018 | $40.90 | +14.0% |
| 2019 | $51.54 | +26.0% |
| 2020 | $62.88 | +22.0% |
| 2021 | $75.45 | +20.0% |
| 2022 | $58.85 | -22.0% |
| 2023 | $60.62 | +3.0% |
| 2024 | $63.04 | +4.0% |
| 2025 | $58.00 | -8.0% |
| Year | Yield |
|---|---|
| 2016 | 0.40% |
| 2017 | 0.30% |
| 2018 | 0.30% |
| 2019 | 0.30% |
| 2020 | 0.20% |
| 2021 | 0.20% |
| 2022 | 0.30% |
| 2023 | 0.40% |
| 2024 | 0.40% |
| 2025 | 0.50% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1.2B | -- |
| 2017 | $2B | +66.7% |
| 2018 | $3B | +50.0% |
| 2019 | $4.5B | +50.0% |
| 2020 | $6B | +33.3% |
| 2021 | $8.5B | +41.7% |
| 2022 | $6B | -29.4% |
| 2023 | $5.5B | -8.3% |
| 2024 | $4.5B | -18.2% |
| 2025 | $3.8B | -15.6% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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