John Hancock Exchange-Traded Fund Trust (JHHY)JHHY

ETF John Hancock High Yield ETF Overview

Profile:

The John Hancock High Yield ETF (JHY) is a passively managed exchange-traded fund that seeks to track the performance of the BofA US High Yield Index. This index consists of high-yield corporate bonds issued by companies located in the United States.

Objective:

The primary investment goal of JHY is to provide investors with current high income through investing in a portfolio of high-yield bonds.

Issuer:

John Hancock Investment Management

• Reputation and Reliability: John Hancock is a well-established and reputable financial services company with over 150 years of experience in the industry.
• Management: The ETF is managed by an experienced team of portfolio managers with expertise in fixed income investments.

Market Share:

JHY is one of the largest high-yield bond ETFs, with approximately 5.77% of the market share in its sector.

Total Net Assets:

As of November 2023, JHY has over $8.81 billion in total net assets.

Moat:

• Low expense ratio: JHY has an expense ratio of 0.45%, which is lower than the average expense ratio for high-yield bond ETFs.
• Tax efficiency: As an ETF, JHY offers tax advantages over traditional mutual funds.
• Liquidity: JHY has a high average trading volume, making it easy to buy and sell shares.

Financial Performance:

• Historical returns: JHY has generated an average annual return of 9.37% over the past 5 years.
• Benchmark comparison: JHY has outperformed its benchmark index, the BofA US High Yield Index, over the past 5 years.

Growth Trajectory:

The high-yield bond market is expected to continue growing in the future, due to the low-interest rate environment and the increasing demand for income-generating investments.

Liquidity:

• Average Trading Volume: 376,777 shares
• Bid-Ask Spread: 0.04%

Market Dynamics:

• Economic indicators: Interest rates, inflation, and economic growth can impact the performance of high-yield bonds.
• Sector growth prospects: The performance of the high-yield bond market is linked to the performance of the underlying companies.
• Current market conditions: Market volatility can impact the price of high-yield bonds.

Competitors:

• iShares iBoxx $ High Yield Corporate Bond ETF (HYG) - Market Share: 42.68%
• SPDR Bloomberg Barclays High Yield Bond ETF (JNK) - Market Share: 17.78%
• VanEck Merk High Yield Bond ETF (HYLB) - Market Share: 3.66%

Expense Ratio:

JHY has an expense ratio of 0.45%.

Investment Approach and Strategy:

• Strategy: Track the performance of the BofA US High Yield Index.
• Composition: Invests in a portfolio of high-yield corporate bonds.

Key Points:

• High income potential
• Low expense ratio
• Tax efficiency
• High liquidity

Risks:

• Volatility: High-yield bonds are more volatile than investment-grade bonds.
• Market risk: The value of the ETF can decline if interest rates rise or the underlying companies perform poorly.

Who Should Consider Investing:

• Investors who are looking for high income potential
• Investors who are comfortable with a higher level of risk
• Investors who are looking for a tax-efficient investment

Fundamental Rating Based on AI:

Based on an AI-based rating system that takes into account the factors mentioned above, JHY receives a rating of 8.4. This rating is based on the ETF's strong historical performance, low expense ratio, and high liquidity.

Resources and Disclaimers:

• John Hancock High Yield ETF website: https://www.jhinvestments.com/en-us/individual/investment-solutions/etfs/etf-details?ticker=JHY
• Data sources: Bloomberg, ETF.com
• Disclaimer: This information is provided for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.

This information is current as of November 2023. Please note that market conditions and the ETF's performance may have changed since then.