John Hancock Investments - High Yield ETF
JHHY
New York Stock Exchange Arca- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 200 Berkeley Street Boston MA United States of America 2116
- IPO Date
- May 2, 2024
- Website
- jhinvestments.com
- Similar Companies
- Business
- John Hancock High Yield ETF (JHHY) is an actively managed exchange-traded fund that seeks to maximize current income, with capital appreciation as a secondary objective; under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. dollar-denominated high-yield corporate bonds rated below investment grade (from BB+/Ba1 to D by S&P, Fitch or Moody's); it primarily holds corporate bonds comprising approximately 98.72% of the portfolio, with additional allocations to non-U.S. bonds (9.46%), cash equivalents, and minor preferred stock positions; top holdings include securities such as TransDigm Inc. 6.375%, Venture Global LNG Inc. 9.875%, Iron Mountain Inc. 5.25%, CSC Holdings LLC 5.5%, and Acrisure LLC / Acrisure Fin Inc 7.5%, representing about 4.92% of assets; the fund distributes dividends monthly, with a trailing twelve-month yield of approximately 7.95% and a net expense ratio of 0.52%; it trades on the NYSE Arca exchange with assets under management of around $61.63 million. JHHY operates within the high-yield bond segment of the fixed-income market, targeting investors seeking income from below-investment-grade debt across diverse sectors including energy, communications, and industrials; the fund is available for sale in the United States and emphasizes opportunistic investing through bottom-up credit analysis. Launched on May 1, 2024, and domiciled in the United States as part of the John Hancock Exchange-Traded Fund Trust (a Massachusetts business trust), JHHY is issued and distributed by John Hancock Investment Management, a division of Manulife Investment Management, with headquarters in Boston, Massachusetts; the ETF is subadvised by Marathon Asset Management LP, a New York-based global credit specialist founded in 1998 with over $22 billion in assets under management and offices in London, Miami, Los Angeles, and Luxembourg; portfolio management is led by Louis Hanover, Marathon's Chief Investment Officer, and Michael Schlembach, Managing Director and Senior Portfolio Manager, supported by a team of over 30 professionals. The fund's inception marked a strategic expansion of John Hancock's ETF lineup, which totals 13 funds with over $6 billion in assets as of December 2023; this launch built on a partnership with Marathon Asset Management, extending their collaboration from other strategies into the actively managed high-yield ETF space; no significant acquisitions, funding rounds, or operational reorganizations have been reported since launch through late 2025.