John Hancock Multifactor Large Cap ETF (JHML)

Overview

The John Hancock Multifactor Large Cap ETF (JHML) seeks to provide investment results that closely correspond to the performance of the John Hancock Dimensional Large Cap Index. It focuses on large-cap U.S. equities, utilizing a multifactor approach to identify stocks with potentially higher returns based on factors such as profitability, value, and size.

Reputation and Reliability

John Hancock is a well-established financial services company with a long history in the investment management industry. They are known for offering a range of investment products and services.

Management Expertise

John Hancock Investment Management has a team of experienced portfolio managers and analysts who specialize in quantitative investment strategies and factor-based investing.

Goal

The ETF's goal is to provide investment results that closely correspond to the performance of the John Hancock Dimensional Large Cap Index.

Investment Approach and Strategy

Strategy: The ETF aims to track the John Hancock Dimensional Large Cap Index, which employs a multifactor investment approach.

Composition The ETF holds a diversified portfolio of large-cap U.S. equities selected based on profitability, value, and size factors.

Market Share: JHML's market share within the smart beta large-cap ETF space is moderate, reflecting its competitive positioning among various factor-based strategies.

Total Net Assets (AUM): 2964720000

Key Competitors

• Schwab Fundamental U.S. Large Company Index ETF (FNDX)
• Invesco FTSE RAFI US 1000 ETF (PRF)
• Vanguard Value ETF (VTV)

Competitive Landscape

The competitive landscape for factor-based large-cap ETFs is crowded, with numerous offerings from various issuers. JHML's multifactor approach aims to differentiate it. Advantages include a well-defined factor methodology and experienced management. Disadvantages might include higher expense ratios compared to some passively managed ETFs and potential underperformance relative to market-cap-weighted indices during certain market conditions.

Historical Performance: Historical performance data should be sourced from reputable financial data providers.

Benchmark Comparison: Comparison against the John Hancock Dimensional Large Cap Index shows tracking effectiveness. Any deviation is due to fees and fund management.

Expense Ratio: 0.29

Average Trading Volume

The average trading volume indicates moderate liquidity, allowing for relatively easy buying and selling of shares.

Bid-Ask Spread

The bid-ask spread is generally tight, reflecting sufficient market interest and efficient trading.

Market Environment Factors

Economic growth, interest rate changes, and sector-specific performance influence JHML's returns. The ETF is also affected by investor sentiment towards factor investing.

Growth Trajectory

Growth depends on the continued interest in factor-based investing and the ETF's ability to consistently deliver returns aligned with its investment objective. Any changes to strategy or holdings are disclosed in fund documents.

Competitive Edge

JHML's competitive edge lies in its multifactor investment approach, which combines profitability, value, and size factors to identify potentially high-performing large-cap stocks. The fund's disciplined methodology and experienced management team are also key differentiators. The focus on factors that have historically shown to outperform provides a structured approach to investing. This approach aims to deliver superior risk-adjusted returns over the long term.

Volatility

Volatility will vary depending on market conditions. Review the ETF's standard deviation and beta to assess historical volatility.

Market Risk

Market risk stems from the potential for broad market declines impacting the value of the ETF's holdings. Specific risks include sector concentration and the potential for factor underperformance.

Ideal Investor Profile

The ideal investor is one who understands factor-based investing, seeks long-term capital appreciation, and is comfortable with moderate market risk.

Market Risk

JHML is best suited for long-term investors seeking a systematic approach to large-cap equity investing, balancing value and growth considerations.

John Hancock Multifactor Large Cap ETF (JHML) offers exposure to U.S. large-cap equities through a multifactor approach, targeting stocks with attractive profitability, value, and size characteristics. It aims to track the John Hancock Dimensional Large Cap Index. The ETF is suitable for long-term investors seeking diversified exposure to the large-cap segment with a factor-based strategy. Investors should consider JHML's expense ratio and historical performance when making investment decisions. While factor investing can offer potential benefits, it is crucial to understand the associated risks and potential for periods of underperformance.

Data Sources:

• John Hancock Investment Management Website
• ETF.com
• Morningstar
• Bloomberg

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Market conditions can change rapidly, and past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.