JHMM
John Hancock Multifactor Mid Cap ETF
The John Hancock Multifactor Mid Cap ETF tracks an index of US firms ranked 200-950 by size, weighted by multiple factors relative to their sector peers.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
3.9 B
ASSETS UNDER MGMT
42 bp
EXPENSES
Fund Basics
Fund sponsor | John Hancock |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Sep 28, 2015 |
Assets (mns) | $3,945 |
Expense ratio | 42 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Semi-Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Multi-Factor |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
UNITED RENTALS INC | 0.7 % |
HARTFORD FINANCIAL SVCS GRP | 0.5 % |
PULTE HOMES INC | 0.5 % |
LENNAR CORP-CL A | 0.5 % |
AMERIPRISE FINANCIAL INC | 0.5 % |
DIAMONDBACK ENERGY INC | 0.4 % |
AMETEK INC | 0.4 % |
MONOLITHIC POWER SYSTEMS INC | 0.4 % |
NVR INC | 0.4 % |
FASTENAL CO | 0.4 % |
Constituent Breakdown
Number of holdings | 666 |
Herfindahl-Hirschman Index | 22 |
Wgt avg mkt cap (mns) | $19,135 |
Large cap (>$10bn) | 76.8% |
Mid cap ($2-10bn) | 22.7% |
Small cap (<$2bn) | 0.3% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 96.0 % | |
BRITAIN | 1.3 % | |
BERMUDA | 0.9 % | |
IRELAND | 0.8 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 9.4% | 22.6% | 17.4% | 4.7% | 10.5% | -- | 11.0% | Volatility | 12.7% | 13.9% | 18.6% | 18.8% | 23.3% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.04 | 87% |
MSCI EAFE | 1.03 | 82% |
MSCI Emg Mkts | 0.77 | 44% |
Liquidity Measures
Avg. volume (000) | 166 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.06% |
ADV of underlying (mns) | $57,547 |
Technical Indicators
Recent close | $60.06 |
30d moving avg. | $58.46 |
Annualized volatility | 20.0% |
Relative strength (RSI) | 51 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 3.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. JHMM |
Expenses vs. JHMM |
ALTAR Score™ vs. JHMM |
---|---|---|---|---|
IWR | iShares Russell Midcap ETF | 65.8% | -23 bp | -0.6% |
IWS | iShares Russell Mid-Cap Value ETF | 61.6% | -19 bp | +0.3% |
IMCB | iShares Morningstar Mid-Cap ETF | 55.0% | -38 bp | -0.3% |
SCHM | Schwab U.S. Mid-Cap ETF | 52.4% | -38 bp | -0.1% |
ONEO | SPDR Russell 1000 Momentum Focus ETF | 50.8% | -22 bp | +0.7% |
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 48.7% | -18 bp | +1.2% |
SIZE | iShares MSCI USA Size Factor ETF | 48.6% | -27 bp | -0.5% |
DEUS | Xtrackers Russell US Multifactor ETF | 47.8% | -25 bp | +0.8% |
EUSA | iShares MSCI USA Equal Weighted ETF | 47.7% | -33 bp | -0.5% |
BKMC | BNY Mellon US Mid Cap Core Equity ETF | 46.8% | -38 bp | -0.4% |
Risk and Returns: JHMM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JHMM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
JHMM
6.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. JHMM's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places JHMM in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JHMMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
JHMM (42 bp) Percentile rank | 45 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
JHMM | 42.0 | 5.7 | 47.7 |
Peer Avg. | 29.9 | 13.7 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .