John Hancock Exchange-Traded Fund Trust - John Hancock Mortgage Backed Securities ETF (JHMB)

Overview

The John Hancock Mortgage Backed Securities ETF (MORT) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg U.S. Mortgage Backed Securities Index. It primarily invests in a diversified portfolio of mortgage-backed securities issued by U.S. government agencies.

Reputation and Reliability

John Hancock is a well-established financial services company with a long history and strong reputation in the market.

Management Expertise

John Hancock has a team of experienced investment professionals managing its ETFs, bringing expertise in fixed income and mortgage-backed securities.

Goal

The ETF aims to track the performance of the Bloomberg U.S. Mortgage Backed Securities Index.

Investment Approach and Strategy

Strategy: The ETF employs a passive management strategy, seeking to replicate the index by investing in a basket of mortgage-backed securities.

Composition The ETF primarily holds mortgage-backed securities issued by U.S. government agencies like Fannie Mae, Freddie Mac, and Ginnie Mae.

Market Share: Data unavailable without current numbers.

Total Net Assets (AUM): 143700000

Key Competitors

• iShares MBS ETF (MBB)
• Vanguard Mortgage-Backed Securities ETF (VMBS)
• SPDR Portfolio Mortgage Backed Bond ETF (SPMB)

Competitive Landscape

The mortgage-backed securities ETF market is competitive, with several large players. MORT offers a comparable approach to its competitors, while MBB and VMBS have a significantly higher AUM. MORT could attract investors looking for a slightly different expense ratio or trading characteristics.

Historical Performance: Historical performance data is available from various financial data providers.

Benchmark Comparison: The ETF's performance should closely track the Bloomberg U.S. Mortgage Backed Securities Index.

Expense Ratio: 0.27

Average Trading Volume

The ETF exhibits moderate liquidity, as measured by its average trading volume.

Bid-Ask Spread

The bid-ask spread is generally tight, reflecting good liquidity and efficient trading.

Market Environment Factors

Economic indicators such as interest rates, inflation, and housing market conditions can significantly impact the performance of mortgage-backed securities.

Growth Trajectory

Growth depends on the overall mortgage market trends and investor demand for fixed-income securities. Changes to strategy and holdings are primarily driven by index rebalancing.

Competitive Edge

MORT provides targeted exposure to mortgage-backed securities, offering diversification within the fixed-income asset class. The ETF's low expense ratio and tracking of a widely recognized index are attractive features. The ETF benefits from the established reputation of John Hancock as a financial services provider. Its primary advantage lies in offering a slightly different risk-reward profile or tax efficiency compared to larger competitors, potentially appealing to niche investors.

Volatility

MORT's volatility is generally lower than equity ETFs but higher than other fixed-income ETFs due to the underlying mortgage-backed securities.

Market Risk

Specific risks include interest rate risk, prepayment risk (where homeowners pay off their mortgages early), and credit risk (although mortgage-backed securities issued by U.S. government agencies have low credit risk).

Ideal Investor Profile

MORT is suitable for investors seeking diversified exposure to the U.S. mortgage-backed securities market and aiming to generate income from fixed-income investments.

Market Risk

MORT is suitable for long-term investors and passive index followers who are looking to diversify their portfolio with a reliable fixed income asset.

John Hancock Mortgage Backed Securities ETF (MORT) provides investors with exposure to the U.S. mortgage-backed securities market. It offers a cost-effective and liquid way to track the performance of the Bloomberg U.S. Mortgage Backed Securities Index. The fund is subject to interest rate risk and prepayment risk, but it benefits from the backing of U.S. government agencies on most of its holdings. Overall, MORT is a suitable addition to a diversified fixed income portfolio for investors looking for a reliable way to access the mortgage-backed securities market.

Data Sources:

• John Hancock official website
• Bloomberg
• Yahoo Finance
• ETF.com
• Morningstar

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor. Market share data may not be fully up-to-date.