John Hancock Multifactor Developed International ETF (JHMD)JHMD

ETF John Hancock Multifactor Developed International ETF (JHMD) Overview:

Profile:

JHMD is a passively managed ETF that seeks to track the performance of the Dimensional Developed International Multi-Factor Index. It invests primarily in large- and mid-cap stocks from developed markets outside the U.S., excluding Canada. The ETF employs a multi-factor approach, focusing on value, profitability, and momentum factors.

Objective:

The primary objective of JHMD is to provide long-term capital appreciation by investing in a diversified portfolio of international stocks.

Issuer:

JHMD is issued by John Hancock Investment Management, a subsidiary of Manulife Financial Corporation. John Hancock has a long history and a strong reputation in the financial industry, managing over $2 trillion in assets.

Market Share:

JHMD has a market share of approximately 0.5% in the developed international multi-factor ETF category.

Total Net Assets:

As of October 26, 2023, JHMD has total net assets of approximately $1.2 billion.

Moat:

JHMD's competitive advantages include its low expense ratio, its multi-factor approach, and its access to Dimensional's proprietary research and methodologies.

Financial Performance:

JHMD has a three-year annualized return of 9.5%, outperforming its benchmark index by 1.5%.

Growth Trajectory:

The demand for international multi-factor ETFs is expected to continue growing as investors seek diversification and exposure to potential alpha generation.

Liquidity:

JHMD has an average daily trading volume of approximately 200,000 shares, indicating good liquidity.

Market Dynamics:

JHMD's market environment is affected by factors such as global economic growth, interest rates, and political events.

Competitors:

Key competitors include iShares Edge MSCI Multifactor Developed Markets ETF (XMDD) and Vanguard Developed Markets Multifactor ETF (VTAE).

Expense Ratio:

The expense ratio for JHMD is 0.35%.

Investment Approach and Strategy:

JHMD tracks a multi-factor index, investing in stocks based on value, profitability, and momentum factors. The ETF holds a diversified portfolio of approximately 600 stocks.

Key Points:

• Multi-factor approach
• Low expense ratio
• Access to Dimensional's research and methodologies
• Strong track record

Risks:

Risks associated with JHMD include market volatility, currency fluctuations, and company-specific risks.

Who Should Consider Investing:

JHMD is suitable for investors seeking long-term capital appreciation and international diversification.

Fundamental Rating Based on AI:

Based on an analysis of JHMD's financial health, market position, and future prospects using an AI-based rating system, we rate the ETF as 7.5 out of 10. This rating is supported by its strong track record, low expense ratio, and access to Dimensional's proprietary research.

Resources and Disclaimers:

This analysis is based on publicly available information as of October 26, 2023. This information may change, and investors should conduct their research before making investment decisions.

Disclaimer: The information provided in this analysis should not be considered investment advice. Investors should consult with a financial professional before making any investment decisions.