John Hancock Multifactor Large Cap ETF (JHML)

Overview

The John Hancock Multifactor Large Cap ETF (JHML) seeks to provide investment results that closely correspond to the performance of the John Hancock Dimensional Large Cap Index. It focuses on large-cap U.S. equities, employing a multifactor investment strategy to select stocks with relatively high profitability, low relative price, and small size within the large-cap universe.

Reputation and Reliability

John Hancock Investment Management is a well-established asset manager with a long history and a strong reputation in the financial services industry.

Management Expertise

The management team at John Hancock has extensive experience in quantitative investing and factor-based strategies.

Goal

To provide investment results that closely correspond to the performance of the John Hancock Dimensional Large Cap Index.

Investment Approach and Strategy

Strategy: The ETF employs a multifactor strategy, selecting stocks based on profitability, relative price, and size.

Composition The ETF primarily holds U.S. large-cap equities.

Market Share: JHML's market share is relatively small compared to broader market ETFs.

Total Net Assets (AUM): 1542579866.3

Key Competitors

• iShares Russell 1000 ETF (IWB)
• Vanguard S&P 500 ETF (VOO)
• SPDR S&P 500 ETF Trust (SPY)

Competitive Landscape

The competitive landscape is dominated by ETFs that track broad market indices like the S&P 500 and Russell 1000. JHML differentiates itself through its multifactor approach, potentially offering enhanced returns compared to passive index tracking, but also introduces model risk. Large market cap, broad indices and low expense ratios are advantages held by the market share leaders.

Historical Performance: Historical performance data needs to be sourced directly from financial data providers.

Benchmark Comparison: The ETF's performance should be compared against the John Hancock Dimensional Large Cap Index to assess tracking effectiveness.

Expense Ratio: 0.29

Average Trading Volume

JHML's average daily trading volume is moderate, typically ranging from 50,000 to 200,000 shares.

Bid-Ask Spread

The bid-ask spread for JHML is generally tight, usually a few cents, reflecting decent liquidity.

Market Environment Factors

Economic growth, interest rates, and investor sentiment towards equities all influence JHML's performance, as it invests in the large-cap segment of the U.S. market.

Growth Trajectory

JHML's growth trajectory is linked to the popularity of factor-based investing and its ability to deliver competitive risk-adjusted returns. Strategy and holdings may change with factor conditions.

Competitive Edge

JHML's multifactor approach provides a unique investment strategy within the large-cap ETF universe. By focusing on profitability, relative price, and size, it aims to outperform traditional market-cap weighted indices. This approach offers the potential for enhanced returns and diversification, although it also carries the risk associated with factor-based investing. The ETF's competitive advantage lies in its systematic and disciplined application of these factors to select securities.

Volatility

JHML's volatility is generally similar to other large-cap equity ETFs.

Market Risk

The ETF is subject to market risk, as the value of its holdings can fluctuate due to overall market conditions and economic factors.

Ideal Investor Profile

The ideal investor for JHML is someone seeking exposure to U.S. large-cap equities with a potentially enhanced return profile through factor-based investing.

Market Risk

JHML is suitable for long-term investors who understand factor-based investment strategies and are comfortable with moderate levels of market risk.

The John Hancock Multifactor Large Cap ETF (JHML) offers investors exposure to U.S. large-cap equities through a multifactor investment approach. The fund targets stocks with attractive characteristics based on profitability, relative price and size. While it aims to outperform traditional market-cap weighted indices, it carries model and market risks. The ideal investor is someone seeking long-term capital appreciation and diversification, and is comfortable with factor investing strategies.

Data Sources:

• John Hancock Investment Management Website
• ETF.com
• Morningstar

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Market conditions and fund performance can change rapidly, and past performance is not indicative of future results.