The JHancock Multifactor Healthcare ETF (JHMH) is managed by John Hancock Investment Management, LLC, a reputable issuer in the financial industry. The fund focuses on the healthcare sector within the U.S. Universe, targeting companies with market capitalizations larger than that of the 1001st largest U.S. company at the time of reconstitution. JHMH employs a multifactor investing approach, strategically adjusting weights based on market capitalization, relative price, and profitability factors. With a semiannual reconstitution and rebalancing process, this ETF aims to provide investors with exposure to the dynamic healthcare sector while offering a unique approach to factor-based investing in the healthcare industry.
While the JHMH ETF primarily seeks to track the healthcare sector within the U.S. Universe, it also reflects the dividend distribution of its underlying index. The fund's dividend distributions typically align with the dividend policies and performance of the healthcare companies included in its portfolio. Investors should be eligible for these dividends, which are subject to quarterly distributions. Given the nature of the healthcare sector, this ETF may offer a balance between capital appreciation and potential dividend income, making it appealing to income-oriented investors seeking exposure to the healthcare industry.
Tracking the Healthcare Multifactor Index is the primary objective of the JHMH ETF. This fund invests at least 80% of its net assets in securities that make up the Healthcare Multifactor Index, which is created and maintained by Dimensional Fund Advisors LP. The index is focused on the healthcare sector within the U.S. Universe, specifically targeting companies with larger market capitalizations than the 1001st largest U.S. company at the time of reconstitution. JHMH employs a rules-based multifactor approach, adjusting securities' weights based on factors such as market capitalization, relative price, and profitability. This methodology allows JHMH to provide investors with exposure to a diversified portfolio of healthcare stocks that aim to outperform traditional healthcare benchmarks.
The correlation aspect of the John Hancock Multifactor Healthcare ETF (JHMH) is essential for understanding its behavior in relation to the healthcare sector in the U.S. As JHMH seeks to replicate the performance of the Dimensional Healthcare Select Sector Index, its correlation with the healthcare industry is expected to be strong. This correlation can provide investors with insights into how the ETF performs relative to the broader healthcare sector and can be a valuable tool for sector-specific investment strategies.
The JHMH Sector ETF focuses on the healthcare sector within the U.S. Universe. It invests at least 80% of its net assets in securities that make up the fund's Index, which is developed and maintained by Dimensional Fund Advisors LP. The Index consists of healthcare companies, including those involved in the manufacture of healthcare equipment and supplies, biotechnology, pharmaceuticals, and the provision of basic healthcare services. This ETF employs a rules-based approach to select and weight securities within the Index, emphasizing factors like market capitalization, relative price, and profitability. Investors looking to gain exposure to the healthcare sector, particularly companies with various market capitalizations, may find JHMH Sector ETF appealing, although it's important to note that it can have a higher concentration in this specific industry, presenting potential risks associated with sector-focused investments.
The exposure of the John Hancock Multifactor Healthcare ETF (JHMH) is centered around the healthcare sector within the U.S. Universe. This ETF is designed to include securities with market capitalizations larger than that of the 1001st largest U.S. company at the time of reconstitution, focusing on medium to smaller capitalization healthcare stocks. The selection and weighting of securities in the index follow a rules-based approach, which incorporates factors like market capitalization, relative price, and profitability. JHMH offers investors an opportunity to gain exposure to the healthcare industry''s potential by investing in a diversified portfolio of healthcare companies, utilizing a multifactor strategy to enhance returns.
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