John Hancock Multifactor Large Cap ETF (JHML)

John Hancock Multifactor Large Cap ETF (JHML) Overview

Profile:

JHML is a passively managed ETF that aims to track the performance of the Solactive US Large Cap Multi-Factor Index. This index selects large-cap U.S. stocks based on a combination of factors such as value, momentum, quality, and low volatility.

Objective:

The primary investment goal of JHML is to provide long-term capital appreciation by investing in a diversified portfolio of large-cap U.S. stocks with the potential for above-average returns.

Issuer:

John Hancock Investment Management is a subsidiary of Manulife Financial Corporation, a global financial services company with over 150 years of experience. John Hancock has a strong reputation in the industry and is known for its commitment to ethical investing and client service.

Market Share:

JHML has a market share of approximately 0.2% in the U.S. large-cap equity ETF market.

Total Net Assets:

As of November 2023, JHML has total net assets of over $1.5 billion.

Moat:

JHML's main competitive advantage is its unique multi-factor investment approach, which aims to generate alpha by investing in companies with strong fundamentals across various factors. Additionally, John Hancock's strong reputation and expertise in the financial services industry add to the ETF's appeal.

Financial Performance:

JHML has historically outperformed its benchmark index, the S&P 500, since its inception in 2018. However, it is important to note that past performance is not indicative of future results.

Growth Trajectory:

JHML has experienced steady growth in net assets and investor interest. This trend is likely to continue as more investors seek alternative investment strategies that aim to beat the market.

Liquidity:

JHML has average daily trading volume exceeding 100,000 shares, indicating high liquidity. The bid-ask spread is also relatively tight, making it easy to buy and sell the ETF.

Market Dynamics:

JHML's market environment is affected by various factors, including economic growth, interest rate changes, and sector performance. Investors should be aware of these factors before investing.

Competitors:

Key competitors of JHML include iShares Edge MSCI USA Multifactor ETF (USMF), Vanguard U.S. Multifactor ETF (VMF), and Invesco S&P 500 Multifactor ETF (SPMV).

Expense Ratio:

The expense ratio of JHML is 0.25%.

Investment Approach and Strategy:

JHML employs a quantitative, multi-factor investment strategy. The ETF tracks an index that selects stocks based on factors such as value, momentum, quality, and low volatility. This approach aims to outperform the market by investing in companies with strong fundamentals across various factors.

Key Points:

• Passively managed ETF tracking a multi-factor index
• Aims for long-term capital appreciation
• Strong reputation and expertise of issuer
• Competitive expense ratio
• High liquidity

Risks:

• Market risk, including volatility and potential for losses
• Tracking error risk, since the ETF may not perfectly track its benchmark index
• Multi-factor strategy may not outperform the market

Who Should Consider Investing:

JHML is suitable for investors with a long-term investment horizon who are seeking potential for above-average returns while diversifying their portfolio across various factors.

Fundamental Rating Based on AI (1-10):

Based on an AI analysis of JHML's historical performance, market position, financial health, and other factors, it receives a 7 out of 10. This rating suggests that JHML is a well-managed, competitive ETF with strong fundamentals, although it is important to note that past performance is not indicative of future results.

Resources and Disclaimers:

• https://www.jhinvestments.com/etfs/jhnk-multifactor-large-cap-etf
• https://finance.yahoo.com/quote/JHML/
• https://www.morningstar.com/etfs/arcx/jhml/overview

This information is for educational purposes only and should not be considered financial advice. Past performance is not a guarantee of future results. All investments involve risk, and the value of investments can fluctuate. Investors should carefully consider their investment objectives and risk tolerance before investing in any ETF.