John Hancock U.S. High Dividend ETF

John Hancock U.S. High Dividend ETF (JHDV) is an actively managed Manulife fund that uses a rules-based process to pick dividend-paying stocks of large and midsize U.S. companies, aiming for a high level of current income. It leans heavily on technology: its largest holdings as of June 30, 2026 were NVIDIA, Apple and Microsoft. Its 0.34% expense ratio, which reflects a fee waiver, is higher than most funds with similar holdings, and the fund is very small.

• Over the year to Oct 27, 2026, JHDV returned +16.9%, 1st of 9 among similar funds.
• Its worst full calendar year was 2025 (+14.8%); its best was 2024 (+20.3%).
• The deepest fall in its price history was 19% (Nov 29, 2024 to Apr 8, 2025), recovered by Jun 27, 2025.

As of Jun 30, 2026, the fund held 72 securities; the ten largest made up 33.18% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $1.8M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +9.57%, +6.28%, +0.70%.

JHDV is not an index fund. It is actively managed through a proprietary systematic process, meaning in-house rules rather than case-by-case stock picking. Under normal conditions, at least 80% of net assets go into dividend-paying stocks of large and midsize U.S. companies, defined as the top 85% of the U.S. market by free-float market value (counting only shares available to trade). It may also own preferred stock, convertible securities and real estate investment trusts (REITs).

Selection works in two steps. First, the process screens for companies with high and persistent dividends, or dividends expected to grow. Then an optimization step sets each stock's weight, weighing factors for individual stocks and the portfolio as a whole. The prospectus says parts of this approach may change, and the fund may at times concentrate in certain sectors. It reports portfolio turnover, the share of holdings traded in a year, of 26%.

There is no leverage and no options strategy. As of June 30, 2026, the fund had 72 holdings, 98.87% of assets in stocks, 1.3% in cash and no derivatives. The top 10 made up 33.18%, led by NVIDIA, Apple and Microsoft, and technology 34.6%. Like any ETF, it trades on an exchange, and the bid-ask spread, the gap between quoted purchase and sale prices, can widen when trading is thin.

• JHDV charges 0.34% a year, versus an average of 0.15% for the similar funds below (8th of 9, cheapest first).
• Of that, 0.29% is the management fee; the rest covers other fund expenses.
• The fee includes a 1.73% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $35 in the first year and $2,262 over 10 years (assuming a 5% annual return).

Its stated goal is a high level of current income, and it pays quarterly dividends from U.S. stocks, though its trailing yield was a modest 2.25% as of October 27, 2026.

JHDV pays dividends quarterly and yielded 2.25% over the 12 months to October 27, 2026; the prospectus warns payouts can shrink if the dividends it collects fall. Launched in September 2022, it has no record through 2008, the 2020 COVID crash or most of the 2022 bear market. Each full calendar year from 2023 to 2025 was positive, the weakest being 14.62% in 2025. Its deepest drop, 19% from November 29, 2024 to April 8, 2025, took about 2.6 months to recover. A longer slump would be harder on anyone needing to cash in shares for spending.

The 0.34% expense ratio reflects a fee waiver of 1.73%; the SEC's standard example puts costs on $10,000 at $35 in year one but $2,262 over ten years, implying higher costs if the waiver ends. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.