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]

Core Insights - The John Hancock Multifactor Mid Cap ETF (JHMM) is a passively managed ETF launched on September 28, 2015, with assets exceeding $4.18 billion, targeting the Mid Cap Blend segment of the US equity market [1][2] Investment Characteristics - Mid cap companies, with market capitalizations between $2 billion and $10 billion, are considered to have higher growth prospects and lower volatility compared to large and small cap companies [2] - Blend ETFs typically hold a mix of growth and value stocks, providing a stable and growth-oriented investment [2] Cost Structure - The annual operating expenses for JHMM are 0.42%, which is competitive within its peer group, and it has a 12-month trailing dividend yield of 1.03% [3] Sector Allocation and Holdings - The ETF has a significant allocation to the Industrials sector, comprising about 20.9% of the portfolio, followed by Financials and Information Technology [4] - Vistra Corp (VST) represents approximately 0.6% of total assets, with the top 10 holdings accounting for about 4.79% of total assets under management [5] Performance Metrics - JHMM aims to match the performance of the John Hancock Dimensional Mid Cap Index, which includes companies ranked between the 200th and 951st largest in the U.S. [6] - The ETF has returned approximately 4.67% year-to-date and 8.37% over the past year, with a trading range of $50.32 to $64.80 in the last 52 weeks [7] - It has a beta of 1.02 and a standard deviation of 18.1% over the trailing three-year period, indicating medium risk [7] Alternatives in the Market - JHMM holds a Zacks ETF Rank of 3 (Hold), suggesting it is a reasonable option for investors seeking exposure to the Mid Cap Blend area [8] - Other comparable ETFs include the Vanguard Mid-Cap ETF (VO) with $85.37 billion in assets and an expense ratio of 0.04%, and the iShares Core S&P Mid-Cap ETF (IJH) with $96.71 billion in assets and an expense ratio of 0.05% [9] Conclusion - Passively managed ETFs like JHMM are gaining popularity among both institutional and retail investors due to their low cost, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]