- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 200 Berkeley Street Boston MA United States of America 2116
- IPO Date
- Dec 22, 2016
- Business
- John Hancock Multifactor Developed International ETF (JHMD) is an exchange-traded fund that seeks to track the performance of the John Hancock Dimensional Developed International Index, prior to fees and expenses, by investing at least 80% of its net assets in securities included in the index, depositary receipts representing such securities, and underlying stocks; the index targets developed market equities outside North America, covering approximately 85% of market capitalization and weighted by multifactor criteria including profitability, valuation, momentum, and investment; the fund emphasizes large-cap blend stocks across diversified sectors such as financial services (21.64%), industrials (18.19%), and healthcare (8.74%), with primary regional exposure to the Eurozone (32.54%), Japan (23.10%), and the United Kingdom (14.50%). JHMD, launched on December 15, 2016, is issued by John Hancock Exchange-Traded Fund Trust and managed by John Hancock Investment Management LLC, a division of Manulife Investment Management, with subadvisory provided by Dimensional Fund Advisors LP; it is domiciled in the United States, lists on NYSE Arca, and maintains total net assets of approximately $798 million with a net expense ratio of 0.39%; the fund serves as a core international equity holding for investors targeting foreign large blend exposure, available primarily in the United States and Mexico. Portfolio management includes Joseph Hohn (since September 2018), Rita Chen (since September 2022), and Michael Marrkand (since September 2025), reflecting recent team updates to align with ongoing index-tracking objectives. In recent developments, John Hancock Investment Management expanded its ETF suite with new launches including the John Hancock High Yield ETF (JHHY) in May 2024, subadvised by Marathon Asset Management, and other active strategies, bringing the total to over 14 funds with more than $6.5 billion in assets; while no specific acquisitions, funding rounds, or reorganizations directly impact JHMD, the broader platform continues to leverage partnerships like Dimensional Fund Advisors for multifactor methodologies amid a record 2024 for ETF launches industry-wide.