The John Hancock Multifactor Materials ETF (JHMA) is managed by Dimensional Fund Advisors LP and seeks to replicate the performance of the fund's underlying index. JHMA primarily invests at least 80% of its net assets in securities that make up the Dimensional U.S. Universe Materials Sector Index. This index is specially designed to include companies within the materials sector in the U.S. Universe, with market capitalizations larger than that of the 1001st largest U.S. company at the time of reconstitution.
While the John Hancock Multifactor Materials ETF (JHMA) primarily focuses on tracking the performance of the materials sector within the U.S. Universe, it also offers investors potential dividend returns based on the underlying Index's constituent companies. This ETF typically distributes dividends on a periodic basis, in line with the dividend policies and performances of the included companies. JHMA follows a multifactor investing approach, emphasizing market capitalization, relative price, and profitability adjustments, and investors may find it suitable for both sector exposure and potential dividend income.
JHMA, the John Hancock Multifactor Materials ETF, focuses on tracking the Dimensional Fund Advisors LP-developed index, which encompasses securities within the materials sector of the U.S. Universe. The ETF seeks to mirror the performance of this index by investing in a diversified portfolio of medium to smaller capitalization companies. JHMA's tracking strategy incorporates a multifactor approach, involving adjustments for market capitalization, relative price, and profitability, with the aim of emphasizing securities with smaller market caps, lower relative prices, and higher profitability. The index is reconstituted and rebalanced semiannually, offering exposure to materials companies engaged in various sectors such as chemicals, metals, paper products, containers and packaging, and construction materials. JHMA is a preferred choice for investors seeking targeted exposure to the materials sector with a multifactor-driven tracking strategy.
The correlation aspect of the John Hancock Multifactor Materials ETF (JHMA) primarily depends on its index tracking strategy, which is designed to replicate the performance of the materials sector within the U.S. equity market. As JHMA follows a multifactor investing approach developed by Dimensional Fund Advisors LP, its correlation with the materials sector and broader market may vary based on factors like market capitalization, relative price, and profitability. To explore and analyze JHMA's correlations with various assets and sectors, investors can rely on the ETF Insider web app, which provides in-depth data and insightful visualizations, including overlap comparisons with other U.S. ETFs. This tool empowers investors to make informed decisions and gain valuable insights into market trends related to the materials sector and JHMA's performance within it.
The JHancock Multifactor Materials ETF (JHMA) is primarily focused on the materials sector within the U.S. Universe. This ETF, managed by Dimensional Fund Advisors LP, invests at least 80% of its net assets in securities that make up its Index. The materials sector includes companies involved in various industries such as chemicals, metals, paper products, containers and packaging, and construction materials. JHMA employs a multifactor investing approach, considering market capitalization, relative price, and profitability, to select and weight securities within the sector. Investors should note that JHMA may concentrate its investments in specific industries, potentially increasing its exposure to sector-specific risks due to this non-diversified approach.
The exposure characteristic of the John Hancock Multifactor Materials ETF (JHMA) is centered on the materials sector within the U.S. Universe. With a focus on companies with larger market capitalizations, JHMA provides investors with an opportunity to gain exposure to well-established players in the materials industry. This ETF follows a rules-based approach to select and weight securities within the sector, emphasizing factors like market capitalization, relative price, and profitability. For a comprehensive analysis of its exposure and potential correlations with other ETFs, ETF Insider''s web app offers valuable insights and data visualization tools. John Hancock Multifactor Materials ETF (JHMA) invests at least 80% of its net assets in securities within the materials sector in the U.S. Universe. The fund''s index, maintained by Dimensional Fund Advisors LP, includes companies with market capitalizations larger than that of the 1001st largest U.S. company. The index employs a multifactor investing approach, taking into account market capitalization, relative price, and profitability to determine security weights. The index is reconstituted and rebalanced semiannually and encompasses companies engaged in chemicals, metals, paper products, containers and packaging, and construction materials. JHMA is a non-diversified fund, which means it may concentrate its investments in specific industries and issuers.
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