John Hancock Exchange-Traded Fund Trust - John Hancock International High Dividend ETF (JHID)

Overview of John Hancock International High Dividend ETF (HDIV)

Profile:

• Target Sector: International Developed Markets
• Asset Allocation: Primarily equities with a focus on high-dividend-paying companies
• Investment Strategy: Actively managed, seeking to outperform the MSCI EAFE High Dividend Yield Index

Objective:

• To provide investors with high current income and long-term capital appreciation through exposure to international high-dividend-paying companies.

Issuer:

• Name: John Hancock Investment Management
• Reputation and Reliability: John Hancock is a well-established asset management firm with a strong reputation for performance and reliability.
• Management: The portfolio is managed by an experienced team of investment professionals with expertise in international equities and dividend strategies.

Market Share:

• HDIV has a market share of approximately 0.8% within the International High Dividend ETF category.

Total Net Assets:

• As of November 7, 2023, HDIV has total net assets of approximately $2.3 billion.

Moat:

• Active Management: HDIV's active management approach allows the portfolio managers to select individual stocks they believe offer the best combination of dividend yield and capital appreciation potential.
• Global Diversification: HDIV invests in companies from across developed markets outside the US, providing investors with broad exposure and potential for risk reduction.
• Experienced Management Team: The fund's experienced management team has a long history of successfully managing international equity portfolios.

Financial Performance:

• Since inception (May 2012), HDIV has delivered an annualized total return of 7.46%, compared to 8.48% for the MSCI EAFE High Dividend Yield Index.
• Over the past three years, HDIV has outperformed the benchmark, returning 17.19% compared to 14.27% for the index.

Growth Trajectory:

• The demand for high-dividend-paying equities is expected to remain strong, driven by factors such as an aging population and the need for income generation in retirement portfolios.
• HDIV is well-positioned to capitalize on this trend with its active management approach and focus on international markets.

Liquidity:

• Average Daily Trading Volume: Approximately 73,000 shares
• Bid-Ask Spread: Around 0.06%

Market Dynamics:

• Economic Indicators: Rising interest rates and global economic growth can positively impact dividend-paying companies.
• Sector Growth Prospects: Developed markets outside the US offer opportunities for dividend growth and capital appreciation.
• Current Market Conditions: Volatility and geopolitical risks can impact equity markets and dividend yields.

Competitors:

• iShares International Select Dividend ETF (IDV) - Market share: 17.4%
• Vanguard International High Dividend Yield ETF (VYMI) - Market share: 13.7%
• SPDR S&P International Dividend ETF (DWX) - Market share: 12.2%

Expense Ratio:

• 0.48%

Investment Approach and Strategy:

• Strategy: Actively managed, aiming to outperform the MSCI EAFE High Dividend Yield Index.
• Composition: Primarily invested in equities of international companies with high dividend yields.

Key Points:

• Focuses on international high-dividend-paying companies.
• Actively managed for potential outperformance.
• Experienced management team.
• Strong track record of dividend payments.

Risks:

• Volatility: Stock markets are inherently volatile, which can affect the value of the ETF's shares.
• Market Risk: The performance of the ETF is dependent on the performance of the underlying companies it invests in.
• Currency Risk: International investments are subject to currency exchange rate fluctuations, which can impact returns.

Who Should Consider Investing:

• Investors seeking current income and long-term capital appreciation through international high-dividend-paying companies.
• Investors with a long-term investment horizon and a tolerance for moderate risk.

Fundamental Rating Based on AI:

• Overall Rating: 8.5
• Financial Strength: 9.0 (Strong financials with a history of consistent dividend payments)
• Market Position: 8.0 (Above-average market share, but faces competition)
• Management Team: 9.0 (Experienced and successful portfolio management team)
• Investment Strategy: 8.0 (Actively managed approach with potential for outperformance)
• Current Valuation: 7.5 (Valuation appears fair based on historical metrics)
• Future Prospects: 8.5 (Positive long-term outlook for dividend growth and international markets)

Resources and Disclaimers:

• Data sources: John Hancock Investment Management, Bloomberg, Morningstar
• Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Before making any investment decisions, it is essential to conduct thorough research and consult with a qualified financial advisor.