Is John Hancock Multifactor Mid Cap ETF (JHMM) a Strong ETF Right Now?

Core Insights - The John Hancock Multifactor Mid Cap ETF (JHMM) debuted on September 28, 2015, and provides broad exposure to the Mid Cap Blend category of the market [1] Fund Overview - JHMM is managed by John Hancock and has accumulated over $4.4 billion in assets, positioning it as one of the larger ETFs in its category [5] - The fund aims to match the performance of the John Hancock Dimensional Mid Cap Index, which includes U.S. companies ranked between the 200th and 951st largest by market capitalization [5] Cost Structure - The annual operating expenses for JHMM are 0.42%, which is competitive with most peer products [6] - The fund has a 12-month trailing dividend yield of 0.99% [6] Sector Allocation - JHMM's largest sector allocation is in Industrials, comprising approximately 20.5% of the portfolio, followed by Financials and Information Technology [7] - The top 10 holdings account for about 5.47% of the total assets under management, with United Rentals Inc (URI) being the largest individual holding at 0.73% [8] Performance Metrics - As of September 25, 2025, JHMM has gained about 8.21% year-to-date and approximately 8.35% over the past year [10] - The ETF has traded between $50.32 and $65.26 in the past 52 weeks, with a beta of 1.04 and a standard deviation of 17.64% over the trailing three-year period, indicating medium risk [10] Alternatives - Other ETFs in the mid-cap space include Vanguard Mid-Cap ETF (VO) and iShares Core S&P Mid-Cap ETF (IJH), which have significantly larger assets of $88.19 billion and $99.33 billion respectively [12] - VO has a lower expense ratio of 0.04%, while IJH charges 0.05%, making them potentially more attractive options for cost-conscious investors [12]