At a glance
JDVI charges 0.69% a year, above the 0.24% average of the 3 funds most like it (the most expensive of 4). It has $709.2M in assets, the 4th largest of that group; it paid 2.16% of its price in distributions over the past 12 months, annual. Over the past year it returned +17.9% with distributions reinvested (S&P 500: +11.5%), the weakest of those 4 funds. Its ten largest positions make up 40.0% of the fund, out of 38 in all.
The short version
John Hancock Disciplined Value International Select ETF (JDVI) is an actively managed fund from Manulife's John Hancock. It holds about 38 value stocks: large and mid-size companies outside the US whose shares look cheap compared with their profits, assets or cash flow. As of June 30, 2026, its largest holdings were Samsung Electronics, Novartis and Kinross Gold. It is more concentrated than index-based international value funds, and its 0.69% expense ratio is nearly triple the 0.24% average of similar funds.
Price history
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JDVI +17.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| JDVI official prospectus, to Dec 31, 2025 | — | +42.73% | — | — | — | +20.48% |
| JDVI price data to Oct 27, 2026 | +11.9% | +17.9% | — | — | — | +19.1% |
- Over the year to Oct 27, 2026, JDVI returned +17.9%, 4th of 4 among similar funds.
- Its worst full calendar year was 2024 (+0.7%); its best was 2025 (+43.0%).
- The deepest fall in its price history was 15% (Mar 19, 2025 to Apr 8, 2025), recovered by May 2, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +11.9% | — |
| 2025 | +43.0% | +42.73% |
| 2024 | +0.7% | +0.63% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.8500 | +80.9% |
| 2024 | $0.4700 |
What's inside
As of Jun 30, 2026, the fund held 38 securities; the ten largest made up 40% of assets.
| Holding | Weight | |
|---|---|---|
| Samsung Electronics Co. Ltd. | 5.47% | |
| Novartis AG | 4.77% | |
| Kinross Gold Corporation | 4.38% | |
| Roche Holding AG | 4.26% | |
| Nutrien Ltd. | 4.09% | |
| Sumitomo Mitsui Financial Group Inc. | 3.87% | |
| Hitachi Ltd. | 3.46% | |
| Teck Resources Limited | 3.26% | |
| NatWest Group plc | 3.23% | |
| Nordea Bank Abp | 3.22% | |
| AstraZeneca PLC | 3.10% | |
| BAE Systems PLC | 3.06% | |
| Sandoz Group AG | 3.02% | |
| Sony Group Corporation | 2.88% | |
| Renesas Electronics Corporation | 2.79% |
By country
Japan 20.6%United Kingdom 14.78%Switzerland 12.05%Canada 11.72%South Korea 10.04%By asset type
Stocks 99.06%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $635.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +7.94%, +3.55%, -2.53%.
How it works
JDVI is not an index fund. A manager picks the stocks. The fund must keep at least 80% of its net assets in non-US large and mid-size value companies, which it defines as having a market value over $250 million. A company counts as "value" if it is in the MSCI EAFE Value Index, or if it looks cheap against the broader MSCI EAFE Index on measures like price-to-earnings, price-to-book, price-to-sales or price-to-free-cash-flow. The focus is developed markets, but the fund may also own emerging and frontier-market stocks.
The manager studies one company at a time (a "bottom-up" approach). It combines research with number-based screens on valuation, dividend yield, cash flow and the strength of management. The prospectus sets no formula for weighting holdings or schedule for rebalancing. The fund is non-diversified, so it can put more money into fewer companies. As of June 30, 2026, it held 38 stocks, with 40% of assets in the top 10. Japan made up 20.6%, the UK 14.8%, Switzerland 12.1%, Canada 11.7% and South Korea 10.0%. Turnover was a low 13%.
The fund is allowed to use options, futures, forwards and swaps, but it held none as of June 30, 2026. It may lend out its securities. It may also handle some share creations and redemptions in cash instead of swapping baskets of stocks. That can make it less tax-efficient than ETFs that always swap stocks.
What it really costs
- JDVI charges 0.69% a year, versus an average of 0.24% for the similar funds below (4th of 4, cheapest first).
- Of that, 0.61% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.29% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $70 in the first year and $1,175 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| JDVI | $70 | $283 | $513 | $1,175 |
In a retirement portfolio
JDVI adds stock-picked, lower-priced companies from Japan, Europe, Canada and South Korea that a US-focused portfolio usually lacks.
JDVI's record is short. It launched in December 2023, so it missed the 2008, 2020 and 2022 downturns. Its weakest calendar year was 2024, when it still gained 0.63%. Its deepest drop was about 15%, from March 19 to April 8, 2025, and it had recovered by May 2, 2025. A longer slump could hit harder. Someone drawing on savings in a bad year might have to cash out shares at low prices.
The trailing 12-month yield was 2.16% as of October 27, 2026. The fund pays once a year, so it is not a source of steady monthly income. At 0.69%, it costs far more than the 0.24% average for similar funds. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a manager picking non-US value stocks instead of tracking an index, and who accept a 0.69% expense ratio for that.
- Those comfortable with concentration: about 38 stocks, with the top 10 making up 40% of assets as of June 30, 2026.
- Portfolios seeking international exposure tilted toward Japan, the UK, Switzerland, Canada and South Korea, with low 13% annual turnover.
Look elsewhere if
- Cost-focused investors: EFV, EWJV and AVIV charge 0.15% to 0.33%, compared with JDVI's 0.69%, which already includes a 0.29% fee waiver.
- Retirees who need regular income: the 2.16% trailing yield is paid only once a year.
- Investors who want a long track record: JDVI launched in December 2023 and has not been through a full bear market.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
Net assets from each fund's latest N-PORT or annual report where available. Returns through Oct 27, 2026.Questions investors ask
Is JDVI an index fund?
No. JDVI is actively managed and does not try to copy any index. Its manager picks non-US value stocks through company-by-company research and number-based screens. It uses the MSCI EAFE indexes only to judge whether a stock counts as value. As of June 30, 2026, it held 38 stocks. The largest were Samsung Electronics at 5.5%, Novartis at 4.8%, Kinross Gold at 4.4%, Roche at 4.3% and Nutrien at 4.1%.
What's the difference between JDVI and EFV?
Of the similar funds, EFV (iShares MSCI EAFE Value ETF) shares the most holdings with JDVI, but the overlap is only 13%. EFV costs 0.33%, versus JDVI's 0.69%. EFV is also far larger, with about $29.1 billion in net assets as of July 31, 2026, compared with JDVI's $709 million as of June 30, 2026. EFV returned 21.2% over one year through October 30, 2026. JDVI returned 17.9% over one year through October 27, 2026.
Does JDVI pay dividends?
Yes, but only once a year. Over the trailing 12 months it paid $0.85 per share, a yield of 2.16% as of October 27, 2026. Payments depend on dividends from the foreign companies it owns, so they can vary from year to year. Currency swings can also change the dollar amount. Investors who want monthly or quarterly income would get one payment a year from this fund.
What is JDVI's expense ratio?
JDVI's expense ratio is 0.69%, according to the prospectus filed July 28, 2026. That figure includes a 0.61% management fee and a 0.29% fee waiver. Without the waiver, costs would be higher. In the SEC's standard example ($10,000 invested, 5% yearly return), costs would total $70 after one year, $283 after three, $513 after five and $1,175 after ten. Among four similar funds, JDVI ranks as the most expensive.
How has JDVI performed since launch?
JDVI returned 0.63% in 2024 and 42.73% in 2025. That works out to an average of 20.48% a year from its December 2023 launch through December 31, 2025. Its strongest quarter gained 15.69% (ended June 30, 2025), and its weakest lost 9.44% (ended December 31, 2024). Over one year through October 27, 2026, its price return was 17.9%, behind EFV, EWJV and AVIV over similar periods.