John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Mid Cap ETF (JHMM) tracks the John Hancock Dimensional Mid Cap Index, a basket of about 660 mid-size US companies that leans toward smaller, cheaper and more profitable stocks. Dimensional Fund Advisors designed that rules-based lean, and it is the main difference from plain mid-cap index funds. The trade-off is cost. Its 0.41% expense ratio is the highest of nine similar funds, which average 0.14%.

• Over the year to Oct 27, 2026, JHMM returned +13.2%, 8th of 9 among similar funds.
• Its 5-year annualized return was +7.5% and its 10-year +11.8%.
• In the 2020 COVID crash it fell 40.7% and regained its old high 6.7 months after the low.
• Its worst full calendar year was 2022 (-15.3%); its best was 2019 (+30.0%).
• The deepest fall in its price history was 40.7% (Feb 20, 2020 to Mar 23, 2020), recovered by Oct 12, 2020.

As of Jun 30, 2026, the fund held 663 securities; the ten largest made up 6.07% of assets.

• Over the three months to Jun 30, 2026, investors added a net $334.4M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +7.08%, +1.96%, +2.70%.

JHMM aims to match the John Hancock Dimensional Mid Cap Index, before fees. It normally puts at least 80% of its net assets into the stocks in that index and generally holds the same stocks as the index. Dimensional Fund Advisors builds the index. It draws from US companies ranked between the 200th and 951st largest each time the index is rebuilt.

Each stock starts with its free-float market value, which counts only the shares actually available to trade. The index then adjusts that weight using three traits, an approach often called multifactor or "smart beta" investing. Smaller companies get more weight than larger ones. Within each sector, stocks with a lower price relative to the company's fundamentals get more weight, and so do more profitable companies. Real estate investment trusts (REITs) are generally weighted down. No single company can be more than 4% of the index when it is rebuilt.

The index is rebuilt and rebalanced twice a year. Portfolio turnover was 19%. As of June 30, 2026, the fund held 663 stocks and no derivatives, and the top 10 made up just 6.07% of assets. The largest holdings were Flex (0.86%), Coherent (0.65%), Comfort Systems USA (0.64%) and Teradyne (0.64%). The fund may concentrate in an industry if the index does.

• JHMM charges 0.41% a year, versus an average of 0.14% for the similar funds below (9th of 9, cheapest first).
• Of that, 0.37% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.01% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $42 in the first year and $529 over 10 years (assuming a 5% annual return).

It adds mid-size US companies, tilted toward cheaper and more profitable stocks, to a portfolio built mainly on large-cap funds, but it is still a stock fund that falls with the market.

JHMM could add mid-size companies and a value-and-profitability tilt alongside a large-cap core. It launched in 2015, so it has no record from 2008. In the 2020 COVID crash it fell 40.7% between February 20 and March 23, 2020, then got back to its old high by October 12, 2020. In 2022 it fell 23.2% and did not fully recover until February 29, 2024. Its worst calendar year was 2022, at -15.3%. Selling shares or drawing income during stretches like these would lock in losses. Income is small: the yield was 0.9% as of October 27, 2026, paid twice a year. In the SEC's standard example, costs on a $10,000 investment total $529 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

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