Q: HHLE (Harvest Healthcare Leaders Enhanced) is classified as "diverse", Yes, it is an ETF but it holds only healthcare companies and no industrial, yet it split between HealthCare and industrial. It is not included in the healthcare profile as a percentage of holdings. This put healthcare lower than it should be. Can this be adjusted or does HHLE deserve to be split between healthcare and industrial?
5i Research Answer:
Our data provider breaks down sectors in conjunction with exchanges' allocations. Companies in the fund, such as Agilent, do have industrial customers, as do others. We think some split makes sense, and defer to our provider here.