John Hancock Exchange-Traded Fund Trust (JHAC)JHAC

John Hancock Fundamental All Cap Core ETF (JHAA)

Profile:

JHAA is a passively managed ETF that seeks to track the performance of the John Hancock Fundamental All Cap Core Index. This index is designed to capture a diversified group of large-, mid-, and small-cap U.S. stocks, with a focus on fundamentals such as value, growth, and momentum. The ETF invests in approximately 600 stocks across various sectors.

Objective:

The primary objective of JHAA is to provide long-term capital appreciation.

Issuer:

JHAA is issued by John Hancock Investment Management, a subsidiary of Manulife Financial Corporation. John Hancock has a long history in the financial services industry, dating back to 1862. The company has a strong reputation for its investment products and services.

Market Share:

JHAA has approximately 0.4% market share in the U.S. all-cap core equity ETF space, as of November 2023.

Total Net Assets:

JHAA has approximately $6.5 billion in total net assets, as of November 2023.

Moat:

JHAA's competitive advantages include its low expense ratio, diversified portfolio, and focus on fundamentals. The ETF's low expense ratio makes it an attractive option for cost-conscious investors. Its diversified portfolio helps to mitigate risk, while its focus on fundamentals aims to identify stocks with strong long-term growth potential.

Financial Performance:

JHAA has a track record of outperforming its benchmark index, the Russell 3000 Index. Over the past five years, the ETF has delivered an annualized return of 13.5%, compared to 11.8% for the Russell 3000.

Growth Trajectory:

JHAA's growth trajectory is positive. The ETF has seen strong inflows of assets in recent years, as investors have become increasingly interested in passively managed investment strategies.

Liquidity:

JHAA is a highly liquid ETF, with an average daily trading volume of over 1 million shares. The ETF also has a tight bid-ask spread, which means that there is minimal difference between the price at which you can buy and sell the ETF.

Market Dynamics:

The market dynamics that could affect JHAA include changes in interest rates, economic growth, and sector performance.

Competitors:

• iShares Core S&P 500 ETF (IVV): 35% market share
• Vanguard Total Stock Market ETF (VTI): 25% market share
• SPDR S&P 500 ETF (SPY): 20% market share

Expense Ratio:

JHAA has an expense ratio of 0.08%.

Investment Approach and Strategy:

• Strategy: The ETF tracks the John Hancock Fundamental All Cap Core Index.
• Composition: The ETF invests in approximately 600 U.S. stocks across various sectors, with a focus on value, growth, and momentum.

Key Points:

• Low expense ratio
• Diversified portfolio
• Focus on fundamentals
• Track record of outperformance
• High liquidity

Risks:

• Volatility: The ETF's value can fluctuate significantly in the short term.
• Market risk: The ETF is subject to the risks associated with the U.S. stock market.
• Concentration risk: The ETF has a significant allocation to large-cap stocks.

Who Should Consider Investing:

JHAA is a good option for investors who are looking for a low-cost, diversified, and passively managed way to invest in the U.S. stock market. The ETF is suitable for both long-term and short-term investors.

Fundamental Rating Based on AI:

I would rate JHAA's fundamentals as 8 out of 10. The ETF has a strong track record, low expense ratio, and diversified portfolio. However, its concentration risk could be a concern for some investors.

Resources:

• John Hancock Investment Management: https://www.jhinvestments.com/etfs/product/jhaa
• Morningstar: https://www.morningstar.com/etfs/arcx/JHAA
• ETF Database: https://etfdb.com/etf/JHAA/

Disclaimer:

The information provided above is for general knowledge and informational purposes only, and does not constitute professional financial advice. It is essential to consult with a qualified financial advisor before making any investment decisions.