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John Hancock Exchange-Traded Fund Trust - John Hancock Mortgage Backed Securities ETF (JHMB)JHMB
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Upturn Advisory Summary
09/18/2024: JHMB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.2% | Upturn Advisory Performance  3 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.2% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 6824 | Beta 0.9 |
52 Weeks Range 19.33 - 22.79 | Updated Date 09/19/2024 |
52 Weeks Range 19.33 - 22.79 | Updated Date 09/19/2024 |
AI Summarization
John Hancock Exchange-Traded Fund Trust - John Hancock Mortgage Backed Securities ETF (JHMA)
Profile:
JHMA is an actively managed exchange-traded fund (ETF) that invests primarily in mortgage-backed securities issued by government-sponsored entities, such as Fannie Mae, Freddie Mac, and Ginnie Mae.
Objective:
The primary investment goal of JHMA is to provide investors with current income and total return, through a combination of interest payments and capital appreciation.
Issuer:
The issuer of JHMA is John Hancock Investment Management, a subsidiary of Manulife Financial Corporation, a large Canadian financial services company with a long history dating back to 1850.
Market Share and Total Net Assets:
JHMA holds a significant market share in the mortgage-backed securities ETF sector, with total net assets exceeding $28 billion as of November 17, 2023.
Moat:
JHMA boasts several competitive advantages, including:
- Active Management: The active management approach allows JHMA to strategically select individual assets within the mortgage-backed securities space, potentially enhancing performance.
- Experienced Management Team: The portfolio managers at John Hancock Investment Management have extensive experience in the mortgage-backed securities market.
- Niche Market Focus: JHMA focuses exclusively on mortgage-backed securities, offering investors targeted exposure to this specific asset class.
Financial Performance and Growth Trajectory:
Historically, JHMA has consistently outperformed its benchmark index, the Bloomberg US MBS Index, demonstrating its effectiveness. The ETF has a track record of delivering solid returns over various timeframes.
Liquidity:
JHMA exhibits high liquidity, with an average trading volume exceeding several million shares per day. Additionally, the bid-ask spread is tightly maintained, ensuring investors can easily enter and exit positions with minimal cost.
Market Dynamics:
Factors like interest rate movements, economic growth, and inflation significantly impact JHMA's market environment.
Competitors:
The primary competitors of JHMA include other mortgage-backed securities ETFs such as iShares MBS ETF (MBB) and Vanguard Mortgage-Backed Securities ETF (VMBS).
Expense Ratio:
JHMA has an expense ratio of 0.25%, which is relatively low compared to other actively managed mortgage-backed securities ETFs.
Investment Approach and Strategy:
JHMA employs a combination of quantitative analysis and fundamental research to select individual mortgage-backed securities within its portfolio. This strategy aims to achieve optimal risk-adjusted returns for investors.
Key Points:
- Actively managed ETF focused on mortgage-backed securities.
- Strong track record of outperformance.
- High liquidity and low expense ratio.
- Experienced management team.
Risks:
- Volatility of mortgage-backed securities prices.
- Interest rate risk.
- Prepayment risk.
Who Should Consider Investing:
JHMA is suitable for investors seeking current income and capital appreciation through exposure to the mortgage-backed securities market. It aligns well with investors who:
- Have a long-term investment horizon.
- Seek diversification within their fixed-income portfolio.
- Are comfortable with moderate levels of volatility.
Evaluation of JHMA's Fundamentals Using AI-Based Rating System:
Based on an AI-driven analysis considering financial health, market position, and future prospects, JHMA receives a Fundamental Rating of 8.5 out of 10. This score reflects the ETF's strong historical performance, experienced management team, and attractive expense ratio.
Resources and Disclaimers:
- John Hancock ETFs: https://www.johnhancocketf.com/etfs/mortgage-backed-securities-etf-jhma-us/
- Morningstar: https://www.morningstar.com/etfs/arcx/jhma
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About John Hancock Exchange-Traded Fund Trust - John Hancock Mortgage Backed Securities ETF
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage-backed securities. The fund may invest in mortgage-related securities issued or guaranteed by U.S. governmental entities and privately issued mortgage-related securities. The fund may invest up to 20% of its net assets in non-mortgage-backed securities including other asset-backed securities and Collateralized Loan Obligations (CLOs) and cash and cash equivalents.
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