The John Hancock Multifactor Mid Cap ETF (JHMM) is managed by John Hancock Investment Management LLC, a well-established asset management company with a history dating back to 1862. JHMM aims to replicate the performance of its underlying index, which is developed and maintained by Dimensional Fund Advisors LP.
Although the John Hancock Multifactor Mid Cap ETF (JHMM) primarily aims to replicate the performance of its underlying index, it offers a glimpse into its dividend distribution, which follows the characteristics of the Dimensional U.S. Multifactor Index. Dividend distributions for this ETF typically occur on a semiannual basis, influenced by the dividend policies and performance of the companies within the index. The index's methodology focuses on factors such as market capitalization, relative price, and profitability to select and weight securities, providing investors with an opportunity for both capital appreciation and potential dividend returns.
Tracking the Dimensional U.S. Mid Cap ETF's performance involves closely following the Dimensional U.S. Mid Cap Index, a meticulously designed benchmark by Dimensional Fund Advisors LP. This ETF predominantly invests at least 80% of its net assets in securities that make up the Index. The Index is unique as it focuses on companies with market capitalizations ranking between the 200th and 951st largest in the United States, utilizing a multifactor investing approach that incorporates factors like market capitalization, relative price, and profitability. The underlying methodology involves adjusting weights for individual securities within the eligible universe, giving preference to smaller market capitalizations, lower relative prices, and higher profitability. The Index is rebalanced semiannually and provides investors with a means to track the performance of mid-cap U.S. companies using a strategic beta approach.
The correlation aspect of the John Hancock Multifactor Mid Cap ETF (JHMM) plays a vital role in understanding its behavior in relation to the mid-cap segment of the U.S. equity market. Given that JHMM follows a multifactor investing approach, its correlation with traditional market-cap-weighted mid-cap ETFs can vary. Investors often analyze JHMM's correlation with other mid-cap ETFs and factors like relative price and profitability to gauge its performance and suitability for their portfolios. For a deeper exploration of JHMM's correlations and to uncover valuable insights, consider using our tool ETF Insider's web app with its simple visualization tool, which can help you visualize overlaps and correlations with ease.
The John Hancock Multifactor Mid Cap ETF (JHMM) primarily focuses on the mid-cap segment of the U.S. stock market. This ETF aims to replicate the performance of its underlying index, which is designed by Dimensional Fund Advisors LP and comprises a subset of securities from the U.S. Universe. The index utilizes a multifactor investment strategy, which involves factors such as market capitalization, relative price, and profitability to select and weight securities within the portfolio. By emphasizing mid-cap companies and employing a multifactor approach, JHMM seeks to provide investors with exposure to potential growth opportunities in this market segment, while also managing risk through its factor-based selection process.
The exposure characteristic of the John Hancock Multifactor Mid Cap ETF (JHMM) reflects its strategy of focusing on mid-cap stocks within the U.S. equity market. JHMM seeks to replicate the performance of the Dimensional U.S. Mid Cap Index, which includes companies with market capitalizations between the 200th and 951st largest U.S. companies. This multifactor investing approach involves selecting and weighting securities based on market capitalization, relative price, and profitability factors. By following this methodology, JHMM offers investors exposure to a diverse range of mid-sized companies with the potential for strong risk-adjusted returns.
ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.
Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider goes deeper by examining the underlying holdings of exchange traded products.
By organizing and structuring that data, investors can easily navigate within their overlapping layers.
This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization that can quickly expose both portfolio inefficiencies and opportunities.
4 min read"The 'What is the OUSM ETF?' article provides a comprehensive overview of the OUSM ETF, its strategy, underlying assets, and performance. Ideal for investors and financial enthusiasts, this piece equips readers with necessary insights into this particular Exchange-Traded Fund and its role in a diversified portfolio."
4 min readCompare the GLL and PHYS ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
7 min readThe JHMM ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
