At a glance
JHMD charges 0.39% a year, above the 0.12% average of the 8 funds most like it (the most expensive of 9). It has $951.4M in assets, the 9th largest of that group; it paid 3.07% of its price in distributions over the past 12 months, semiannual. Over the past year it returned +12.0% with distributions reinvested (S&P 500: +11.5%), the weakest of those 9 funds; over three years it returned +19.6% a year. At its worst it fell 32.6% in the 2020 crash (S&P 500: 33.7%) and 28.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 14 months after the lows. Its ten largest positions make up 11.7% of the fund, out of 579 in all.
The short version
John Hancock Multifactor Developed International ETF (JHMD) tracks the John Hancock Dimensional Developed International Index. As of June 30, 2026, that meant 579 stocks from developed markets outside the U.S. and Canada, led by Japan, the UK and France. A plain index fund weights each company by its size. This one tilts toward smaller, lower-priced and more profitable companies. That approach costs 0.39% a year, well above the 0.12% average of similar funds.
Price history
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JHMD +12.0% 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 | |
|---|---|---|---|---|---|---|
| JHMD official prospectus, to Dec 31, 2025 | — | +32.81% | — | +9.30% | — | +8.76% |
| JHMD price data to Oct 27, 2026 | +8.6% | +12.0% | +19.6% | +8.8% | — | +9.1% |
- Over the year to Oct 27, 2026, JHMD returned +12.0%, 9th of 9 among similar funds.
- Its 5-year annualized return was +8.8%.
- In the 2020 COVID crash it fell 32.6% and regained its old high 7.6 months after the low.
- Its worst full calendar year was 2018 (-14.5%); its best was 2025 (+33.9%).
- The deepest fall in its price history was 35.6% (Jan 26, 2018 to Mar 23, 2020), recovered by Dec 3, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +8.6% | — |
| 2025 | +33.9% | +32.81% |
| 2024 | +1.8% | +2.55% |
| 2023 | +19.4% | +19.11% |
| 2022 | -13.9% | -13.86% |
| 2021 | +11.8% | +11.64% |
| 2020 | +7.2% | +6.61% |
| 2019 | +19.9% | +20.27% |
| 2018 | -14.5% | -13.92% |
| 2017 | +25.0% | +25.13% |
| 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 | Lost 32.6% over that stretch · deepest drop along the way 32.6%, back to its old high 7.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 28% over that stretch · deepest drop along the way 28.8%, back to its old high 14.3 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7700 | |
| 2025 | $1.3300 | +16.7% |
| 2024 | $1.1400 | +16.3% |
| 2023 | $0.9800 | +22.5% |
| 2022 | $0.8000 | -26.6% |
| 2021 | $1.0900 | +84.7% |
| 2020 | $0.5900 | -37.9% |
| 2019 | $0.9500 | +79.2% |
| 2018 | $0.5300 | -23.2% |
| 2017 | $0.6900 |
What's inside
As of Jun 30, 2026, the fund held 579 securities; the ten largest made up 11.67% of assets.
| Holding | Weight | |
|---|---|---|
| ASML Holding N.V. | 2.36% | |
| Vinci SA | 1.70% | |
| Banco Bilbao Vizcaya Argentaria S.A. | 1.12% | |
| HSBC Holdings PLC | 1.06% | |
| Engie | 1.04% | |
| Bayer Aktiengesellschaft | 0.99% | |
| BASF SE | 0.97% | |
| Novartis AG | 0.91% | |
| Roche Holding AG | 0.77% | |
| SoftBank Group Corp. | 0.76% | |
| AstraZeneca PLC | 0.76% | |
| Compagnie de Saint-Gobain | 0.73% | |
| Banco Santander SA | 0.72% | |
| Standard Chartered PLC | 0.72% | |
| Nestle S.A. | 0.72% |
By country
Japan 24.39%United Kingdom 12.34%France 10.7%Germany 9.84%Switzerland 8.34%By asset type
Stocks 98.79%Preferred stock 0.48%What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $291.2M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +6.83%, +2.19%, -0.49%.
How it works
JHMD is an index fund issued by Manulife's John Hancock. It aims to match the John Hancock Dimensional Developed International Index, which is built and maintained by Dimensional Fund Advisors LP. The fund normally puts at least 80% of its net assets into the index's stocks or depositary receipts for them. A depositary receipt is a certificate that stands for shares of a foreign company. The fund generally holds the index's stocks directly. Eligible stocks come from developed markets outside the U.S. and Canada and must rank in the top 85% of their country by market value. As of June 30, 2026, 21 countries were eligible, including Japan, the UK, France, Germany, Switzerland and Australia.
Weighting starts with free-float market value, meaning the value of the shares the public can actually trade. Within each country, the index then gives more weight to smaller companies, to those with a lower relative price (cheaper compared with their fundamentals) and to those with higher profitability. Larger, pricier and less profitable companies get less weight. The prospectus calls this multifactor or smart beta investing. No single company can exceed 4% at each rebuild.
The index is rebuilt and rebalanced twice a year. Portfolio turnover was 25%. As of June 30, 2026, the fund held no derivatives, and ASML Holding (2.4%) and Vinci (1.7%) were its largest positions.
What it really costs
- JHMD charges 0.39% a year, versus an average of 0.12% for the similar funds below (9th of 9, cheapest first).
- Of that, 0.35% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.04% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $40 in the first year and $538 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| JHMD | $40 | $134 | $237 | $538 |
In a retirement portfolio
It adds a broad, factor-tilted basket of developed-market stocks from outside the U.S. and Canada to a portfolio that may lean heavily on U.S. stocks.
JHMD spreads money across hundreds of companies, with Japan making up 24.4% of the fund as of June 30, 2026. Its falls have been steep. It dropped 32.6% in the 2020 COVID crash and recovered by November 10, 2020. In 2022 it fell 28.8% from January 12 to October 12 and needed about 14 months to recover, until December 21, 2023. Its deepest drop was 35.6%, from January 2018 to March 2020. Its worst calendar years were 2018 and 2022, both down about 13.9%. The fund launched in 2016, so it has no 2008 record. A retiree forced to sell during such a stretch would lock in losses.
The trailing 12-month yield was 3.07% as of October 27, 2026. The fund pays twice a year, so the income arrives in lumps. Under the SEC's standard example, $10,000 invested would cost $538 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking developed-market stocks outside the U.S. and Canada, with Japan, the UK and France the largest country weights as of June 30, 2026.
- Those who want a rules-based tilt toward smaller, lower-priced, more profitable companies across 579 holdings instead of weighting by company size alone.
- Investors comfortable with twice-yearly payouts; the trailing 12-month yield was 3.07% as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: its 0.39% expense ratio is the highest of nine similar funds, compared with 0.03% for VEA and SPDW.
- Those wanting Canadian or emerging-market stocks, since the index covers only developed markets outside the U.S. and Canada.
- Investors who can't sit through drops like the 32.6% COVID-crash fall or the roughly 14-month recovery after 2022.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| JHMD this fund | — | 0.39% | $951.4M | +12.0% | +19.6% |
| EFA iShares MSCI EAFE ETF | 69% | 0.32% | $77.98B | +13.5% | +18.2% |
| IEFA iShares Core MSCI EAFE ETF | 64% | 0.07% | $190.11B | +13.7% | +18.5% |
| IDEV iShares Core MSCI International Developed M… | 59% | 0.04% | $31.64B | +14.6% | +19.2% |
| SCHF Schwab International Equity ETF | 58% | 0.06% | $69.68B | +17.7% | +20.4% |
| SPDW SPDR Portfolio Developed World ex-US ETF | 56% | 0.03% | $40.29B | +17.3% | +20.5% |
| VEA Vanguard FTSE Developed Markets ETF | 54% | 0.03% | $316.42B | +16.8% | +21.7% |
| EFV iShares MSCI EAFE Value ETF | 50% | 0.33% | $29.11B | +21.9% | +23.3% |
Questions investors ask
Is JHMD good for retirement?
It may suit retirees who want stocks from developed markets outside the U.S. and Canada, but it is still an all-stock fund. It fell 32.6% in early 2020 and 28.8% in 2022, and took about 14 months to recover from the 2022 drop. It paid a 3.07% trailing yield as of October 27, 2026, in two payments a year. It is more often used as one piece of a broader mix than as a whole portfolio.
What's the difference between JHMD and EFA?
Both hold developed-market stocks outside the U.S., and 69% of their holdings overlap, based on their latest N-PORT reports. JHMD tilts toward smaller, cheaper and more profitable companies. It charges 0.39% a year, compared with 0.32% for the iShares MSCI EAFE ETF (EFA). EFA held about $78 billion as of July 31, 2026, compared with JHMD's $951 million as of June 30, 2026. Their three-year returns were close: 19.6% a year for JHMD as of October 27, 2026, and 19.4% for EFA as of October 30. IEFA, at 0.07%, is a cheaper option worth comparing.
How often does JHMD pay dividends?
JHMD pays dividends twice a year. Over the 12 months to October 27, 2026, it paid $1.36 per share, a trailing yield of 3.07%. That yield is based on past payouts. Future payments depend on the dividends paid by the fund's underlying companies, such as ASML, Vinci, BBVA and HSBC. Because payments come only twice a year, retirees who want steady monthly income would need to plan around the gaps.
What is JHMD's expense ratio?
JHMD's expense ratio is 0.39% a year, according to its prospectus filed July 28, 2026, and the management fee alone is 0.35%. Under the SEC's standard example ($10,000 invested, 5% yearly return), total costs would be $40 after one year, $134 after three, $237 after five and $538 after ten. That is the highest cost among nine similar funds, whose average is 0.12%. VEA and SPDW each charge 0.03%.
How has JHMD performed?
Results have been mixed compared with similar funds. Its prospectus shows a 32.81% return in 2025, 9.3% a year over five years and 8.76% a year since its 2016 launch, all through December 31, 2025. Based on price returns as of October 27, 2026, it was up 8.6% for the year to date and 12% over one year. That one-year figure ranked last among nine similar funds.